Income tax Calculation Example 7 for Salary Employees 2023-24 – Example 7 Example 7 For Assessment Year 2023-24 A. Calculation of Income tax in the case of a retired employees above the age of sixty years but below the age of 80 years and … [Read more...] about Income tax Calculation Example 7 For Assessment Year 2023-24
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Income Tax
Income tax Calculation Example 6 For Assessment Year 2023-24
Income tax Calculation Example 6 for Salary Employees 2023-24 – Example 6 Example 6 For Assessment Year 2023-24 Illustrating Valuation of perquisite and calculation of tax in the case of an employee below the age of 60 y ears of a Private … [Read more...] about Income tax Calculation Example 6 For Assessment Year 2023-24
Income tax Calculation Example 5 For Assessment Year 2023-24
Income tax Calculation Example 5 for Salary Employees 2023-24 – Example 5 Example 5 For Assessment Year 2023-24 Illustrating valuation of perquisite and calculation of tax in the case of an employee below age of sixty years of a private … [Read more...] about Income tax Calculation Example 5 For Assessment Year 2023-24
Income tax Calculation Example 4 For Assessment Year 2023-24
Income tax Calculation Example 4 for Salary Employees 2023-24 – Example 4 Example 4 For Assessment Year 2023-24 Illustrative calculation of House Rent Allowance U/s 10 (13A) in respect of residential accommodation situated in Delhi in case … [Read more...] about Income tax Calculation Example 4 For Assessment Year 2023-24
Income tax Calculation Example 3 For Assessment Year 2023-24
Income tax Calculation Example 3 for Salary Employees 2023-24 – Example 3 Example 3 For Assessment Year 2023-24 Calculation of Income Tax in the case of an employee, below age of sixty years where medical treatment expenditure was borne by … [Read more...] about Income tax Calculation Example 3 For Assessment Year 2023-24
Income tax Calculation Example 2 For Assessment Year 2023-24
Income tax Calculation Example 2 for Salary Employees 2023-24 - Example 2 Example 2 For Assessment Year 2023-24 Calculation of Income Tax in the case of an employee below the age of sixty years having a handicapped dependent (With valid PAN … [Read more...] about Income tax Calculation Example 2 For Assessment Year 2023-24
Treatment of Income from Different Sources
Income Tax DepartmentGovernment of India 27/06/22, 12:12 AM Treatment of Income from Different Sources I. Income under the head Salaries1.1 Salary is defined to include: a) Wagesb) Annuityc) Pensiond) Gratuitye) Fees, Commission, Perquisites, Profits … [Read more...] about Treatment of Income from Different Sources
Income Tax Deduction from Salary for the FY 2021-22
Finmin Order: Income tax deduction from salary for the financial year 2021-22 CIRCULAR NO : 04 2022 F.No. 275/19212020-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block. New DelhiDated the 15th … [Read more...] about Income Tax Deduction from Salary for the FY 2021-22
Tax Payable on the Contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f FY 2021-22
Income Tax Payable on the Contribution in a PF account exceeding Rs. 5 lakh per annum TA-3-07001/7/2021-TA-III-Part (1)/cs-8084/81Ministry of FinanceDepartment of ExpenditureO/o Controller General of Accounts,GPO Complex, E-Block, INA New … [Read more...] about Tax Payable on the Contribution in a PF account exceeding Rs. 5 lakh per annum w.e.f FY 2021-22
Extension of Timelines Income-Tax Returns
Extension of Timelines for filing of Income-Tax Returns Assessment Year 2021-22 Circular No. 01/2022 F. No. 225/49/2021/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, dated 11th January … [Read more...] about Extension of Timelines Income-Tax Returns