Browsing Tag

how to calculate income tax

Income Tax Relief under Section 89 of Income Tax Act – Updated GConnect Calculator

GConnect Team Feb 15, 2018

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

GConnect Income Tax Calculator 2017-18 (Assessment Year 2018-19) for Central Government Employees…

GConnect Team Feb 15, 2018

GConnect Income Tax Calculator 2017-18 (Assessment Year 2018-19) for Central Government Employees and Pensioners - Instant Version - Step by Step Tutorial to calculate Income Tax 2017-18

Income Tax

Income Tax 2016-17 – Duties and Responsibilities of Tax Deducting Officers of Income-Tax as…

Vivek Jan 27, 2017

CBDT definition about Duties and Responsibilities of Tax Deducting Officers of Income-Tax as per Finance Act, 2016 - Ministry of Finance Circular

Income Tax

Income Tax Exemption Calculator for Interest paid on Housing Loan

GConnect Team Dec 2, 2016

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…

Income Tax

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

GConnect Team Nov 14, 2016

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

Income Tax 2015-16 for Salaried Employees – Circular issued by Income Tax Department

GConnect Team Jan 16, 2016

Income Tax Circular No. 20/2015 dated 02.12.2015 provides detailed instructions and guidelines for all provisions of income tax act which are applicable to Salaried Employees

Types of income of Salaried Employees that are exempted from Income Tax

GConnect Team Jan 16, 2016

Income Tax Circular 20/2015 dated 02.12.2015 stipulates exemptions for certain income that are totally exempted from income tax and need not be included in Total Income

Income tax treatment / Taxability of Agricultural Income

GConnect Team Oct 27, 2015

Although agricultural income is not taxable, it must be included with non-agricultural income in the case of non-corporate assessees who pay tax at prescribed slab rates. Resultantly, the rate of tax on non-agricultural income is higher for…

Income Tax

GConnect Income Tax Calculator with Save Option for 2015-16 (A.Year 2016-17) launched

GConnect Team Oct 26, 2015

This is the Login version of GConnect Income Tax Calculator for the Year 2015-16 (Assessment Year 2016-17) incorporating all the changes made in Budget 2015 as far as Income Tax is concerned. There is no need for entering all the values of…

Additional Income Tax Exemption under Section 80 CCD (1) for contribution in NPS

GConnect Team Feb 28, 2015

Additional Income Tax Exemption under Section 80 CCD (1) for contribution in NPS announced in Budget 2015-16

Things to do and not to do to retain Income Tax Exemption

GConnect Team Jan 23, 2015

Income Tax Exemption and Deductions - Things to do and not to do to retain Income Tax Exemption - PF withdrawals within 5 years - Discontinuance of a life cover within two years

Income Not included under the Head Salaries for computing Income Tax

GConnect Team Dec 22, 2014

Income Not included under the Head Salaries for computing Income Tax under Section 192 of the Income Tax Act 1961 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax…

Perquisites covered under Income Tax Act

GConnect Team Dec 22, 2014

Perquisites covered under Income Tax Act - Circular 17/2014 dated 10.12.2014 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax Calculator 2014-15 Perquisites includes:…

How to compute Income Tax Liability ? FAQ of IT Dept

GConnect Team Dec 2, 2014

How to compute Income Tax Liability ? - Compilation of Frequently Asked Questions on computing Income Tax liability of an Individual Other important Income Tax 2014-15 related articles: Income Tax Exemptions available to Salaried…

Instant GConnect Income Tax Calculator 2014-15

GConnect Team Oct 23, 2014

Instant GConnect Income Tax Calculator 2014-15 (Assessment Year 2015-16) suitable for users who prefer not to login and save values Instant GConnect Income Tax Calculator 2014-15 (Assessment Year 2015-16) is launched today with a view to…

Calculate IT Relief for Arrears of One time increment received

GConnect Team Nov 26, 2012

GConnect online Calculator to estimate Income Tax Relief under Section 89 of IT Act in respect of arrears of pay received in the year 2012-13: I have received arrears of pay this year as a result of one time increment granted by govt this…

Declaration of Savings, income or loss on house property by Salaried Employees

GConnect Team Nov 5, 2012

As Drawing and Disbursal Officers (DDO) responsible for deduction of income tax from the salaried employees need to prepare for deduction and payment of income tax from the end of November of a financial year, all salaried employees have to…

Income Tax Dept issues Procedures for calculating IT for 2012-13

GConnect Team Oct 17, 2012

Income Tax Department issues this year's (financial year 2012-13 and Assessment year 2013-14) Circular for envisaging the procedure for Income Tax calculation in respect of salaried class and deduction of tax from salary by the concerned…