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 (Interest on house property) which can be deducted from the income of a tax payer under Section 24 of the Income Tax Act in respect of self … [Read more...] about Income Tax Exemption Calculation for Interest paid on Housing Loan
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income tax reference
Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees
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 Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds … [Read more...] about Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees
Income Tax: Creation of name based Email IDs for PAN users
Income Tax Business Application (ITBA) new module for PAN Users by creating their own name based email ids. ITBA Instruction No. 7 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2,Jhandewalan Extension, New Delhi-110055 F.No.System/TBA/Instruction/14-15/144/4247 Dated: 09/10/2015 To The Principal Chief Commissioners of Income-tax/ CCsIT/ Pr … [Read more...] about Income Tax: Creation of name based Email IDs for PAN users
Income Tax Exemption on LTC – Income Tax provision relating to Leave Travel Concession under Section 10 (5)
Income Tax Exemption on LTC – Income Tax provision relating to Leave Travel Concession under Section 10 (5) Leave Travel Concession applicable to Central Government Employees and other Salaried Class Employees is exempted under Section 10 (13A) of Income Tax Act as a prequisite to an employee. However, Income Tax Exemption on LTC is not blanket one and involves … [Read more...] about Income Tax Exemption on LTC – Income Tax provision relating to Leave Travel Concession under Section 10 (5)
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