All Questions

Frequently Asked Question

Our Blog

All Posts 11th Bipartite SettlementAadhaarBank Account FAQsBank Account QueriesBank FraudsBank of AmericaBank OffersBankingBanking HelpBanking HowToBanking NewsBanking TermsBBPSBoBCanara BankCanara BankCapital OneCareers & JobsChaseCredit CardsCustomer CareDaily Banking NewsDebit CardsDemonetizationDepositsDigital BankingEducation LoaneTDSeWalletsFASTagsFinancial CalculatorFixed DepositsForexGovernment SchemesGreen PINGSTHome LoansHowToICICI BankIMPSIncome TaxIncome TaxIndian BankInsuranceInternet BankingInvestmentIPPBIRSJeevan PramaanLoan FAQLoan RatioLoans & AdvancesMobile BankingMSME LoanMutual FundNPSOpinionPayTmPersonal LoanPMJDYPPFProfessional TaxReviewsSalary StructureSBIShare & StocksSyndicate BankUnion BankUPIWage Revision
Income Tax

Does Rental Income Chargeable under Income Tax ?

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 house property. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income...

Learn More
Income Tax

What are the Tax Exemption on Education Loan ?

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 few condition. Let's check the proper way of claiming exemption of Tax on education loan. The education loan consist of two component i.e. Principal as...

Learn More
Income Tax

Whether Provident Fund (PF) Taxable ?

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 which Provident Fund Act, 1925 applies or from any other provident fund set up by the central government and notified by it in this behalf,...

Learn More
Income Tax

Does Gratuity and PF Taxable ?

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 subject to the limits prescribed in this regard and PF receipts are exempt from tax, if the same are received from a recognized PF after...

Learn More
Income Tax

List of Investment Under Section 80C Of Income Tax

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; PPF (Public Provident Fund) EPF (Employees’ Provident Fund) Five year Bank or Post office Tax saving Deposits NSC (National Savings Certificates) ELSS Mutual Funds (Equity...

Learn More
Income Tax

Who Can Fill 15G and 15H Form ?

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 deduction of tax at source on interest where interest paid or credited on term deposits exceeds 10,000/- p.a and total income chargeable to tax is...

Learn More
Income Tax

Penalty for False filling of 15G and 15H Form

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 format of Form No. 15G AND 15 H. Hence all the investor are advised to update the revised Form No. 15G and 15H with their...

Learn More
Income Tax

Download Income Tax Calculator For FY 2014-15

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 through this utility 1. Earning Record of Individual Employee 2. Deduction Form with Challan Details 3. Auto Generated Tax 5 for investment 4. Automatic Generated...

Learn More

Banking FAQs

Get FAQs