Tag: Income tax calculation
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 โ 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 โSALARYโ, โPERQUISITEโ AND โPROFIT IN LIEU OF SALARYโ (SECTION 17):
Click to view Part I
Income Tax on Salaries - Ci [...]
Computation of Income Tax โ 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 [...]
Filing of Income Tax Returns (ITR) in July 2014
Filing of Income Tax Returns (ITR) in July 2014
In India, the system of direct taxation has been in force in various forms since ancient times. The [...]
Submission of Income Details & proof of savings for income tax financial year 13-14: CPCB Order
Central Pollution Control Board, New Delhi
File No. AC-101/05/VG/2013-14/
September 24, 2013
CIRCULAR
Subject: Income details & proof of sa [...]
Computation of Income under the Head Salaries โ Income Chargeable, Exemptions, Deductions u/s 16 & Chapter VI-A: IT Circular 8/2013 Part 5
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
(1) The following income shall be chargeabl [...]
Method of Tax Calculation โ Broad Scheme of Tax Deduction at Source from Salaries : IT Circular 08/2013 Part 3
3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF
TAX DEDUCTION AT SOURCE FROM "SALARIES":
3.1 Method of Tax Calculation:
Every per [...]