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Income Tax FAQs, Rules & Guidelines for ITR Filling online. Get answers to all your queries related to TDS deduction, ITR filling & Slab wise Income Tax calculators. Ask your queries related to Income Tax, eTds, Income Tax Challan, efilling income tax online etc.
Does Rental Income Chargeable under Income Tax ? – As per the Income Tax Law the Rental income is charged to the owner under the head “Income from house property”. Read Also : Can I Pay Rent To Parents or Spouse For HRA Benefits? Tenets are free from the charges to the Income Tax from Income from […]
What are the Tax Exemption on Education Loan ? – If you are having an existing education loan or planning to get a new education loan for your studies, then it is necessary to know the benefit of getting an education loan. The education loan principal as well as the interest are exempted under Income tax with […]
Whether Provident Fund (PF) Taxable ? – Rule 8 of Part A of the Fourth Schedule of the Income Tax Act says that the accumulated balance due and becoming payable to an employee participating in a Recognized Provident Fund is exempted from paying Income tax. Any payment made to an employee from a provident fund to […]
Does Gratuity and PF Taxable ? – Whether Gratuity paid to the employees on retirement or leaving the jobs are taxable as per Income Tax rule ? As per the existing law Government employee Gratuity and PF (Provident Fund) receipts on retirement are exempt from tax. In the hands of non-Government employee, gratuity is exempt […]
List of Investment Under Section 80C Of Income Tax – The various list of investment which are kept under tax soap are listed below. Any individual may invest under these categories to get rebate under secion 80C of Income Tax subject to maximum Rs 1.5 Lakh only. The various investment avenues under this section are; […]
Check out the eligibility criteria modified by Income Tax Department recently. Now the guidelines have been changed for “who can Fill 15G and 15H Form” : Form 15G: Depositors not being a Company or a Partnership firm {other than Senior Citizens (60 years & above)} can submit Form No.15G in triplicate duly quoting PAN for non […]
The Income Tax department has changed the existing 15G and 15H rule for filling. As per the new notification released by CBDT, new revised format have been introduced for filling of said form. The below guidelines needed to be followed: Modification in Form No.15G and 15H: CBDT vide notification No. 76/2015 dated 29.09.2015 have revised the […]
Income Tax Calculator For FY 2014-15 – Download the Income Tax Calculator for FY 2014-15 or AY 2015-16. This Income Tax Calculator is created through excel utility with latest income tax slabs. Income Tax Calculator Utility is helpful for bankers especially which included all the forms in one i.e. You can generated the following statement […]
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