Simplifying Taxation in India
Version 5 Income Tax Calculator – Individual, Company & Firm Following type Income Calculate Tax for Assesment Year 2016-17 & Financial Year 2015 -16 Also Its include 2015- 16 AY Tax calculator 1) Salary income 2) House property 3) PGBP Income 4) Capital gain:- :- U/s 111A :- U/s 112 and Normal capital gain 5) Other source income 6) Agriculture income … Read more
What is Form 16: If you are salaried employee in an organization, then you will get the salary after deducting tax by the employer. Therefore Form 16 is a certificate issued to you by your employer stating the Personal details of the Employee including Name, Permanent Account Number (PAN) etc , details of the salary you … Read more
CTC is cost to company and the components are Basic+HRA+ Conveyance+ Mobile/Telephone Expense Reimbursement+ Medical Reimbursement+ All allowances+ Leave Travel Allowance (LTA)+ Employer contribution of PF+ Employer Contribution towards ESI+ Total variable incentives+ Perks & benefits+ Insurance Premium (in case of Group insurance)Basic Salary is your Basic Pay and is fully taxableGross Salary/ Gross Pay … Read more
It is time to issue Form 16 or Form 16A certificate which is evidence of Deduction of Tax for deductee. There is no requirement of any request from deductee side to deductor for issuing this certificate it is duty of deductor to issue Form 16 or Form 16A in time. In case non-issue of … Read more
Payslip Format in Excel DownloadORSalary Slip Format in Excel Download Pay slip is a must need for an employee.It is an essential for career record keeping, future job applying, tax paying, and banking & loan purposes. However, most of the companies are providing Pay-slip of employees but, some small scale industries who are not aware … Read more
Income Tax Calculator Assessment Year 2016-17 (Updated)(ALSO INCLUDED 2014-15 & 2015-16)ORIncome Tax Calculator Financial Year 2015-16 (Updated) RATES LIST:1. Where the taxable income does not exceed Rs. 2,50,000/-NIL 2. Where the taxable income exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-10% of amount by which the taxable income exceeds Rs. 2,50,000/-.Less ( in case of Resident … Read more
As per section 10(10D), any amount received under a life insurance policy, including bonus is exempt from tax. However, following receipts would be subject to tax: Any sum received under sub-section (3) of section 80DD; orAny sum received under Keyman insurance policy; orAny sum received in respect of policies issued on or after April 1st, … Read more
Download Income Tax Return Forms for Assessment Year 2015-16 ITR 1 (Sahaj), ITR 2, ITR 3, ITR 4S (Sugam), ITR 4, ITR 5 , ITR 6 or ITR 7. ITR Form No’s Who can use ? Who can not use ? ITR – 1 (Sahaj) Return Form ITR – 1 (SAHAJ) can be used by an individual whose … Read more
FORM OF DECLARATION FOR THE A.Y. 2015-16 / F.Y. 2014-15 PLEASE NOTE: » PAN & Address are mandatory. Please do not fail to furnish the same. » Please indicate details of your investments in appropriate columns only. (1) Full Name: Mr. /Mrs./Ms. ____________________________ Department ______________Designation ______ Branch _________________________________ Contact No. ______________ Male / … Read more
Andhra Pradesh & Telangana Professional Tax Rates:w.e.f- Feb 2013 Upto Rs.15,000/- NilRs.15,001/- to Rs.20,000/- Rs.150/-Rs.20,001/- and above Rs.200/-http://www.hrinfo.in/2013/02/new-professional-tax-slabs-are-as.html —-LAST UPDATED: 09.03.2015—–Assam Professional Tax Rates:Upto Rs.3,500/- NilRs.3,501/- to Rs.5,000/- Rs.30/-Rs.5,001/- to Rs.7,000/- Rs.75/-Rs.7,001/- to Rs.9,000/- Rs.110/-Rs.9,001/- and above Rs.208/-https://www.tax.assam.gov.in/AssamTimsInfo/content/professional_tax.html—-Chattisgarh Professional Tax Rates:Upto Rs.8,333/- NilRs.8,334/- to Rs.12,500/- Rs.130/-Rs.12,501/- to Rs.16,667/- Rs.150/-Rs.16,668/- to Rs.20,833/- Rs.200/-Rs.20,834/- & above Rs.208/- for 11 months and … Read more