As per tax slab & rates proposed in Union Budget for Assessment Year 2015-16 ,the income tax rates applicable for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) in India as given below – 1. India Income tax slabs 2014-2015 for General tax payers and Women Income Tax Slab (in […]
Guidelines For Filling Form C Exemptions in respect of Allowances 1. House Rent Allowance – u/s 10 (13A) – Original rent receipts from the landlord to be kept along with Form C. Employee who is residing in his own accommodation is not eligible for the deduction. The amount of exemption will be restricted to least
Update : This article was post on 2012 but now Income Tax Return is medatory If you are a salaried and you income not exceeding Rs 5 Lakh then from today you need not fill up any income tax return.Finance Ministry yesterday said that the person need not fill up tax return if his/her salary
General Rules to be followed while checking Form C for the financial year 2011-2012 for giving deduction/tax rebate. 1. House Rent Allowance – u/s 10 (13A) : Original rent receipts from the landlord to be kept along with Form C. Employee who is residing in his own accommodation is not eligible for the deduction. The
