Author: Kiran Kumari
Illustrations – For Assessment Year 2015-16: Income Tax on Salaries Circular No. 17/2014
INCOME TAX ON SALARIES: Circular No. 17/2014
SOME ILLUSTRATIONS
Example 1
For Assessment Year 2015-16
(A) Calculation of Income tax in the ca [...]
Deduction u/s 16, Chapter VI-A : Income Tax on Salaries Circular No. 17/2014
Deduction u/s 16, Chapter VI-A(80-C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80U, 80DDB, 80E, 80EE, 80GG, 80GGA, 80TTA) & 87A: Income Tax on Salaries Cir [...]
Definition of Salary, Perquisite and Profit in lieu of Salary (Section 17): Income Tax on Salaries Circular No. 17/2014
5.2 DEFINITION OF “SALARY”, “PERQUISITE” AND “PROFIT IN LIEU OF SALARY” (SECTION 17):
Click to view Part I
Income Tax on Salaries - Ci [...]
Computation of Income Tax – Income Chargeable Under the Head Salaries: Income Tax on Salaries Circular 17/2014
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
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Income T [...]
Persons responsible for Deducting Tax and their Duties: Income Tax on Salaries Circular 17/2014
4. PERSONS RESPONSIBLE FOR DEDUCTING TAX AND THEIR DUTIES:
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Income Tax on Salaries - Circular No. 17/2014
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Scheme of Tax Deduction at Source from Salaries – Circular No. 17/2014
3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF TAX DEDUCTION AT SOURCE FROM "SALARIES":
3.1 Method of Tax Calculation:
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Income Tax on Salaries – Assessment Year 2015-16 – Financial Year 2014-15 Circular No. 17/2014
CIRCULAR NO : 17/2014
F.No. 275/192/2014-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
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Rates of Income Tax on Salaries for the Fin Year 2014-15: Income Tax Circular 17/2014
Click to view Part I of Income Tax on Salaries - Circular No. 17/2014
2. RATES OF INCOME-TAX AS PER FINANCE (No. 2) ACT, 2014:
As per the Fina [...]
Review of Model RRs for the Store Keeping staff category of posts
Review of Model RRs for the Store Keeping staff category of posts
No. AB-14017/11/2014-Est(RR)
Government of India
Ministry of Personnel, PG and [...]
Pressure on Centre and State for 7th pay commission
Pressure on Centre and State for 7th pay commission
Various employees organisations came under one platform in the name of `Central, State Emp [...]