Resident but not ord. Income from outside India- Is it taxable? No spam allowed ,please do not waste your time by posting unnecessary comment Like ads of other site etc. Income Slabs.
|Published (Last):||5 February 2017|
|PDF File Size:||9.49 Mb|
|ePub File Size:||14.42 Mb|
|Price:||Free* [*Free Regsitration Required]|
Resident but not ord. Income from outside India- Is it taxable? No spam allowed ,please do not waste your time by posting unnecessary comment Like ads of other site etc. Income Slabs. Tax Rates. Total income up to Rs. Total income above Rs. Total income more than Rs. Where the Taxable Income exceeds Rs. Amount received or receivable ie.
However no 89 1 relief can be claimed. Landlord's Pan mandatory if rent paid is more than one lakh yearly. The Capital Gain arising out of sale of long term capital asset can be invested in National Highways Authority of India, Rural Electrification Corporation Limited, within six months from the date of sale subject to a ceiling of Rs.
Lock-in period is 3 years. Cost Inflation Index form to fy is given below Financial Year. An amount of Rs. Family Pension received by the widow or children or nominated heirs, as the case may be, of a deceased member of the armed forces including para-military forces of the union, where the death of such member has occurred in the course of operation, is exempt. Any income by way of Dividends from company, Income received in respect of units from the Unit Trust of India, Income received in respect of the units of a mutual fund are exempt.
Nature of Deduction. Amount of deduction. Contribution to Central Government Pension Schemes. Maximum overall. Contribution made by employer to New Pension Scheme should be added to gross salary. The deduction is available to a new retail investor whose gross total income does not exceed 12 lakh rupees. Upto Rs. Actual Interest repaid. An additional benefit for first-home buyers:. Deduction in respect of interest payable on loan taken from any financial institution for the purpose of acquisition of a residential house property subject to the following conditions Deduction in respect of rents paid, provided the assessee is not in receipt of HRA and no house is owned by self, spouse, minor child or HUF in the place of work subject to filing of declaration in Form No.
Deduction in respect in interest on deposits not being time deposits in a savings account with a banking company, a co-operative society and a post office.
Persons certified by the medical authority to be a person with disability. Rebate of Rs for individuals having total income up to Rs 5 lakh. Where the total income of an assessee, being an individual resident in India, does not exceed 5 lakh rupees. In the case of an assessee being a company, which is required to furnish a report referred to in section 92E Transfer Pricing , the due date is 30th November of the assessment year.
All companies are also required to compulsorily file their income tax return electronically with Digital signature. PAN can be obtained by applying in new Form No. PAN is essential for processing the Return of Income and for giving credit for taxes paid.
If a person who is required to quote his Permanent Account Number fails to do so or intimates or quotes false number which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of Rs. For any queries on efiled return, call Simple Tax India dot net. Subscribe Newsletter. Financial Year. An additional benefit for first-home buyers: Deduction in respect of interest payable on loan taken from any financial institution for the purpose of acquisition of a residential house property subject to the following conditions:- i the loan is sanctioned by the financial institution during the period beginning on 1st April, and ending on 31st March, ; ii the amount of loan sanctioned for acquisition of the residential house property does not exceed twenty-five lakh rupees; iii the value of the residential house property does not exceed forty lakh rupees; iv the assessee does not own any residential house property on the date of sanction of the loan.
Income Tax Ready reckoner & calculator FY 2013-14 for salaried persons
This immensely popular guide provides an A to Z of the complex law of Direct Taxes in a simple and lucid manner. Laymen will be benefitted by this book in more than one way. Tax tables are provided even for the previous year right from A very useful and essential guide for all. All new Income Tax rules are provided systematically in well-designed chapters. S Returns. Your Book Shelf Is Empty.
V G Mehta's - Income Tax Ready Reckoner (AY 2013-14)