Tag: Income tax calculation
Section 87A – Rebate of Rs. 2000 for Income upto Rs. 5 Lakh: IT Circular 20/2015
Section 87A - Rebate of Rs. 2000 for Income upto Rs. 5 Lakh: IT Circular 20/2015
6. REBATE OF Rs 2000 FOR INDIVIDUALS HAVING TOTAL INCOME UPTO R [...]
Section 80CCD – Contribution to NPS: Income Tax Circular 20/2015
Section 80CCD - Contribution to NPS: Income Tax Circular 20/2015
5.5.3 Deduction in respect of contribution to pension scheme of Central Go [...]
Section 80-C Deduction from Salaries: Income Tax Circular 20/2015
Section 80-C Deduction from Salaries: Income Tax Circular 20/2015
5.5.1 Deduction in respect of Life insurance premia, deferred annuity, cont [...]
Definition of Salary, Perquisite and Profit in Lieu of Salary: Section 17 IT Circular 20/2015
Definition of Salary, Perquisite and Profit in Lieu of Salary: Section 17 IT Circular 20/2015
5.2 DEFINITION OF “SALARY”, “PERQUISITE” A [...]
Computation of Income Under the Head Salaries: IT Circular 20/2015
Computation of Income Under the Head Salaries: IT Circular 20/2015
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHAR [...]
Rates of Income Tax as per Finance Act, 2015: Income Tax on Salaries for FY 2015-16
Rates of Income Tax as per Finance Act, 2015: Income Tax on Salaries for FY 2015-16
2. RATES OF INCOME-TAX AS PER FINANCE ACT, 2015:
As p [...]
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income
Chargeability of Interest on self-assessment tax paid before the due date of filing of return of income-
Circular 2/2015
F. No. 385/ 03 /2015-IT(B) [...]
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 [...]