Whereby any portion of assessee’s pay is received behind or before or by reason of his having received in anyone twelvemonth pay for over twelve months or payment that underneath the provisions of section 17(3) could be a profit in function of pay, he's thence taxed at the next block than that at that it might otherwise are assessed. The Assessing Officer shall, on associate degree Application created to him, grant such relief as prescribed. The Procedure for computing the relief is given in Rule twenty-one. This relief is provided within the twelvemonth during which such arrears are received.
Wednesday, 21 November 2018
Whereby any portion of assessee’s pay is received behind or before or by reason of his having received in anyone twelvemonth pay for over twelve months or payment that underneath the provisions of section 17(3) could be a profit in function of pay, he's thence taxed at the next block than that at that it might otherwise are assessed. The Assessing Officer shall, on associate degree Application created to him, grant such relief as prescribed. The Procedure for computing the relief is given in Rule twenty-one. This relief is provided within the twelvemonth during which such arrears are received.
Tuesday, 20 November 2018
Income Tax Deductions
The tax deduction is a reduction in tax obligation from your gross taxable income. Tax deductions are deducted from taxable income which is also known as adjusted gross income. Tax deduction varies in amount as different incomes are treated differently under various sections of the income tax act.
Monday, 19 November 2018
The new budget declared this year by the new government brought a number of changes. However, the scope for salaried category were, as usual, limited. solely a number of positive possibilities were introduced to boost the standard of lifetime of the salaried or sociology-economic class. In these cases, tax coming up with is extraordinarily helpful in saving crucial tax cash in associate degree absolute lawful manner. Below area unit a number of the simple and effective tax coming up with tips for salaried workers that may facilitate the salaried category to set up taxes for the yr 2018-19 or A.Y.2019-20.
Sunday, 18 November 2018
Opening a Sukanya Samridhi Record is unbelievably clear. As you'll make a beeline for post workplaces together with the banks. Indeed, here and there, the post working environment will be a helpful decision for this record. Today, most workplaces are less swarmed and may be found in the area. Additionally, bank staff seems hesitant to the govt. a subject on the contrary hand ace immediately open records of the small investment funds topic.
Saturday, 17 November 2018
A large portion of us needs to spare our cash. Presently, there are numerous plans and strategies that assist us to put something aside for our future and in addition for the stormy days. Cautious arranging can enable us to spare in our assessable salary also. Different plans and uses fall under Segment 80C and by putting your cash in them, you can diminish the assessable salary.
Tuesday, 13 November 2018
Thursday, 8 November 2018
When the government introduced Union budget on February 1, 2018, it opened up some new avenues to save taxes. The government made various amendments in the tax laws to give some relief to the taxpayers. This article by H&R Block India will help you understand the 5 new or amended tax benefits announced by the government in the Union Budget 2018.
Subscribe to:
Posts (Atom)
