close x


arrears salary

News

Attachment of Properties Against Tax Arrears


Total amount of direct taxed arrear demand as on 31 10 2014 is Rs 6 15 295 crore An amount of Rs 23 653 crore has been collected recovered during the period 1 4 2014 to 31 10 2014 The target for cash

Full Story

Income-tax deduction from salaries u/s 192 during the Financial year 2012-13


SECTION 192 OF THE INCOME TAX ACT 1961 DEDUCTION OF TAX AT SOURCE SALARY INCOME TAX DEDUCTION FROM SALARIES UNDER SECTION 192 DURING THE FINANCIAL YEAR 2012 13 CIRCULAR NO 8 2012 F NO 275 192 2012 IT

Full Story

Adjustment Of Refunds Against Arrears: CBDT Circular


SECTION 119 OF THE INCOME TAX ACT 1961 INCOME TAX AUTHORITIES INSTRUCTIONS TO SUBORDINATE AUTHORITIES AUTHORIZATION OF AOsIN CERTAIN CASES TO RECTIFY RECONCILE DISPUTED ARREAR DEMAND CIRCULAR NO 4 OF

Full Story

Biggest IT dept in India to be inaugurated by FM today


Union Finance Minister Shri Pranab Mukherjee will inaugurate the biggest office building of the Income tax Department in India tomorrow The building will house the offices of salary charges non corpor

Full Story

Recovery of Arrears of Tax Demand of the Income Tax Department


Recovery of IT The CAG conducted performance audit of Recovery of Arrears of Tax Demand of the Income Tax Department and the report Number 23 of 2011 12 was laid on the table of the Lok Sabha Rajya Sa

Full Story

More News

Experts Opinions

Salary received abroad


My Brother works in Germany He receives salary there and pays tax on salary in Germany He gets interest income in India He has to file his return in India because his TDS refund is to be taken Do we n

Read Expert Opinion

Arrear salary & professional tax


Dear Sir A if a company decides to revise the salary w e f from 01 04 15 on 06 08 15 with arrear for the last 3months what will be the impact of Provident Fund ESIC B what is minimum amount of salary

Read Expert Opinion

Mismatch between form16 gross salary and form26 total amount


Dear Sirs I withdrew my PF in 2014 before completing 5 years of service at an organization This PF withdrawal amount is the only entry in my form 16 for 2014 2015 There is a mismatch in the amount tha

Read Expert Opinion

Salary from two sources


if i get salary from two sources and pay taxes on consolidated income from both sources is there any problem

Read Expert Opinion

Tds on salary


WE ARE A COMPANY PAYING SALARY TO MANAGAING DIRECTOR TOTAL ANNUAL SALARY COMES RS 40 LAKH BUT WE DID NOT DEDUCTED TDS ACCORDING TO SALARY BUT DIRECTOR IN HIS PERSONAL COMPUTATION OF INCOME TAX RETURN

Read Expert Opinion

Discussion

How to structure your salary to save tax

Getting your pay structure right is one of the best ways to make use of every paisa from your salary If done smartly it would help increase your take home salary and reduce tax liabilities to a great

Read full discussion

Salary income as well as other paymnent

one of the my client having salary income with incentive and he received form 16 salary incentive income but he paid part of the amount of incentive to another person by cheque so how hecan avail dedu

Read full discussion

Which itr for for salary + sell of old house + new house buy

Hi Gurus I am salaried person and used to do filing in ITR1 so far Last year in Aug 2014 I sold my flat brought in 2007 in construction and possession given on 2012 Amount of sell proceedings have use

Read full discussion

Car fuel and driver salary

My company has provided the fuel Vehicle maintaining reimbursement and driver salary on voucher to staff I do not seen in salary structure Is this exempted from tax If yes which type of document requi

Read full discussion

Salary for a fresher

Friends I want to know that what should be the expected salary by a fresher who has completed CA inter and M Com Is 15000 too much

Read full discussion


More Messages




File Download

  • Income Tax Calculator AY 2014-15, 2015-16, & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C Also HRA calculation

    Download

  • Tax Calculator AY 2014-15, 2015-16, & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C Also HRA calculation

    Download

  • Income Tax calculator A.Y 2014-15,2015-16 & 2016-17

    Income tax calculator Individual Company and Firm Following type income calculate tax 1 Salary income 2 House property 3 PGBP Income 4 Capital gain U s 111A U s 112 and Normal capital gain 5 Other source income 6 Agriculture income Interest calculate Under section 234A 234B and 234C also HRA calculation

    Download

  • Important changes under Central and State Tax Laws

    The following are the important changes under Central and State Tax Laws with effect from 1st April 2015 1 Conveyance Allowance Transport allowance granted to an employee is exempted up to Rs 800 per month The limit of exemption is now enhanced to Rs 1600 per month 2 Profession Tax Those whose salary for a month was more than Rs 10 000 were supposed to pay Profession Tax of Rs 150 per month Now from 1st April 2015 the persons drawing salary up to Rs 15 000 per month are exempted from Profession Tax Applicable for Bangalore 3 Profession Tax exemption for senior citizens who have attained age of 60 Years Applicable for Bangalore 4 Wealth Tax Is abolished from 1st April 2015 Keep all the wealth tax papers of past 8 years in safe custody even though wealth tax is abolished from FY 2015 16 5 Mediclaim Insurance The premium paid towards mediclaim insurance is enhanced from Rs 15 000 to Rs 25 000 per year for senior citizen it is enhanced from Rs 20 000 to Rs 30 000 per year u s 80D 6 Basic Exemption Limit for VAT registration in Karnataka Now the traders who expect to do annual taxable turnover sales of less than Rs 10 Lakhs needn t register under Karnataka VAT Laws However other aspects of registration which were applicable till March 2015 will continue to apply 7 Reverse Charge Method under service Tax Laws w r t Manpower Consultancy Currently in case manpower supply or security services is provided by individual HUF or partnership firm to a body or a corporate the service provider is liable to deposit Service Tax to the extent of 25 and service receiver liable to deposit Service Tax to extent of 75 W e f 1st April 2015 Service Tax is not required to be charged by specified service provider i e individuals HUF Partnership Firms and the same is to be paid by the service receiver entirely i e instead of 75 the service receiver has to pay 100 F No 334 5 2015 8 ESIC Payment Through Online Online payment of ESI contribution made easier Now facility for payment of ESI contribution through net banking is made available through State Bank of India and 58 major banks 9 PF Payment Made Online The EPFO payment has been made online Mandatory effective from 1st May 2015

    Download

  • E-Taxation - Free Android Application

    E Taxation free android app Features 1 Practical and theoretical knowledge of Direct Tax 2 Case laws circulars notifications public notice tax calendar corporate and taxation news 3 Mock Test for students appearing for final exam 1 Practical knowledge of Direct Tax 2 Mock test for students appearing for exam 3 Latest case laws 4 Latest circulars 5 Income Tax notifications 6 public notice 7 tax calendar 8 corporate and taxation news 9 Basic Income Tax 10 Residential Status 11 Income Tax Returns 12 Documentations 13 Tax Rates 14 Tax on Individual 15 Tax on Senior Citizen 16 Tax on Super Senior Citizen 17 Due Dates of Return 18 TDS with PAN 19 TDS without PAN 20 Advance Tax Calculation 21 Interest Penalty as per section 234A 234B and 234C 22 Computation of Income Tax 23 Tax on Salary 24 Tax on House Property 25 Tax on Capital Gain 26 Tax on Income from Other Sources 27 Rebate 87A 28 Partnership Firm 29 Depreciation Chart 30 Deduction 80C to 80U 31 Assessment Procedure 32 Clubbing of Income 33 Carry Forward and set off 34 Wealth Tax 35 Tax Planning

    Download


More Files

Articles

Basic components of salary and its taxation


CTC is cost to company and the components are Basic HRA CONVEYANCE MOBILE REIMBURSHMENT MEDICAL reimbursement All allowances LTA employer contribution of PF Employer Contribution towards ESI Total var


Full Article

Indispensable components in the salary


Income Tax Not only is it a major expense but also an unavoidable one for each person to bear And if you draw a salary your tax expense is probably the highest Imagine you have recently joinedyour new


Full Article

How to save income tax on salary


The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax knowledge that would enable him to save Maximum Income Tax by restructuring their respective Salar


Full Article

Income from salary


INCOME FROM SALARIES Any remuneration paid by an employer to his employee in consideration of his service is called Salary It includes monetary value of those benefits and facilities provided by the e


Full Article

Campus placement and salary for CAs


Report on Campus Placement Programme February March 2015 The Committee for Members in Industry CMII of ICAI organizes Campus Placement Programmes for Newly Qualified Chartered Accountants twice in a y


Full Article

More Articles


Updated on : 8/7/2015 2:10:09 PM



Share on :