Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham Budget-2016-17: Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man Monday, February 15, 2016 Revision in the income tax exemption limit to at least Rs four lakh is the most important and pressing … [Read more...] about Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham
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Income Tax
Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes
Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes Additional modes of generating Electronic Verification Code (EVC) have been notified in addition to EVC notified vide earlier. Notification No. 2/2015 dated 13/07/2015. The two additional modes are i) … [Read more...] about Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes
Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration
Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C. Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs.23,720, grade Pay … [Read more...] about Income Tax Calculation for Interest on Housing Loan and Deduction u/s 80C with illustration
Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(Assessment Year 2016-17)
Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(Assessment Year 2016-17) RATES OF INCOME-TAX AS PER FINANCE ACT, 2015: As per the Finance Act, 2015, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head “Salaries” for the … [Read more...] about Rates of Income Tax as per Finance Act, 2015 – Financial Year 2015-16(Assessment Year 2016-17)
Deduction of Tax at source – Income Tax deduction from salaries during the Financial year -2015-16 under Section 192 of the Income Tax Act,1961
Deduction of Tax at source - Income Tax deduction from salaries during the Financial year -2015-16 under Section 192 of the Income Tax Act,1961 GOVERNMENT OF INDIA (Bharat Sarkar) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. F(X)I-2015/23/2 New Delhi, dated: 04.01.2016 As per … [Read more...] about Deduction of Tax at source – Income Tax deduction from salaries during the Financial year -2015-16 under Section 192 of the Income Tax Act,1961