Revised Income Tax Exemption Calculator for Interest paid on Housing Loan – Income or Loss or House Property Calculation under Section 24 of the Income Tax Act. After enactment of Finance Act 2014, maximum housing loan interest amount (Interest on house property) which can be deducted from the income of a tax payer under Section […]
Income Tax Relief under Section 89 of Income Tax Act – Income Tax Relief under Section 89 of Income Tax Act – GConnect Calculator to determine IT Relief for Arrears of Income from Salary received in 2016-17
Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A Income Tax Rate 2016-17 TAXABLE INCOME RANGE RATE OF INCOME TAX Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds Rs.2,50,000 Rs.5,00,001 to […]
GConnect Income Tax Calculator 2016-17 (Assessment Year 2017-18) with Save Option launched – Get to save your income and deductions for effective Tax Planning
Download Form 12BB as a Word, Excel or PDF file- All Employees to file Declaration under Form 12BB to claim deduction for savings under Section 80 C, payment of house loan interest under Section 24, and HRA exemption under Section 10
GConnect Income Tax calculator 2016-17 (Assessment Year 2017-18) – calculate Taxable Income and Income Tax and plan for Tax savings
CBDT encourages the tax payers to display these certificates in their homes and offices.
Taxable and Non-taxable Pay and Allowances – Principal Controller of Defence Accounts has issued classification of Pay and allowances
Income Tax Return – CBDT extends the last date for filing Income Tax return for the year 2015-16 (Assessment Year 2016-17) to 5th August 2016
Procedure for submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H
Advantages and Need for filing NIL Income Tax Return – To show proof of Income, to get refund of TDS and to carry forward loss if any
Returns can be verified either electronically modes such as Aadhaar OTP, net banking, bank account number etc., or by sending the physical ITR-V to CPC, Bengaluru
Income Tax Returns for financial year 2015-16 (FY16) are due to be filed by 31 July 2016. Significant changes have been brought in the forms applicable for FY16.
Soon you will have to submit a copy of your income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders.
CBDT Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200