education allowance

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ICAI President's Message - August 2015


Dear Friends Despite diversity the way educational system has developed and strengthened in India we have to appreciate our ancestors for their vision and contribution History confirms that India has

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Revised CA course scheme of education and training


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Group that will decide new scheme of education and training


Council Affairs M 626 2015 ALL MEMBERS OF THE COUNCIL Dear Sir The President in terms of the authority given to him by the Council at its 340th meeting held in February 2015 has constituted a Group co

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Release of additional dearness allowance to central govt employees


Release of additional installment of Dearness Allowance to Central Government employees and Dearness Relief to Pensioners due from 1 1 2015 The Union Cabinet chaired by the Prime Minister Shri Narendr

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Indirect Tax Proposals to Maximize Benefits to the Economy


The Finance Minister Shri Arun Jaitley while presenting the Budget announced in the Lok Sabha steps to broaden the Tax Base that will maximize benefits to the economy The Service Tax rate is being inc

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Experts Opinions

Conveyance allowance


Dear Sir Madam Please confirm conveyance allowance where show in ITR which is exempt Rs 9600 PA

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Limit of washing allowance


Can any body tell me what will be the limit for the washing allowance since it has not been mention in any text book

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Transport allowance paid to handicap govt. employee


whether transportation allowance paid to handicap govt employee is fully exempted u s 10

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Education cess for ce chapter no 27


Is there any Education Cess Higher Education Cess for Chapter No 27101990 Kerosene

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Hra allowance


one of my frd is salaries employee and total HRA allowance is 12500 and LIC is 50000 which form I required to file in above case ITR 1 or ITR 2

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Discussion

Online education software services survey

We are trying to build up a software platform for the commerce students who enroll in CA CS ICWA courses but are not able to clear or face difficulties in scoring good marks due to lack of proper guid

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Travel allowance

Hello I have to travel a lot in my job so first I pay from my pocket and then raise bills and claim refund Such kind of payments to me are taxable Its all official on papers Also Can I file returns fo

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Taxability of allowances

kindly tell me Is Basic Salary arrear Hra arrear and ex gratia is taxable or exempt in the head of salary

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Revised CA course scheme of education and training

Download from below http www caclubindia com news files 40 14978 38143bos27828 pdf

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Planning for higher education: take education loan

Mihika 17 years old girl has passed out her school examination just before 2 days Now she is planning for higher studies She wants to be an astronautbut being the daughter of a middle class family thi

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  • CA Course- new scheme of education & training

    CA Course new scheme of education training

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  • CA-Student Know Your Education and Examination system

    must read this article

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  • 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

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  • S. 40(a)(ia) Disallowance for CA IPCC and Final May 2015

    S 40 a ia Disallowance for Non Deduction and Short Deduction of TDS from A Y 2015 16 Applicable for CA IPCC and FINAL MAY 2015 EXAM and It is practically useful For CA s

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  • Education Loan to Students

    Education Loan to Students

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Articles

Credit of Education Cess & SHEC can be used for payment of Excise Duty by Manufacturers


Credit of Education Cess SHEC can be used for payment of Excise Duty by Manufacturers and Gist of Other important Notifications LS passed Finance Bill 2015 The Lok Sabha passed the Finance Bill 2015 w


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New scheme of education & training - Practical analysis


As per Srimad Bhagavad Gita It is only change which remains forever and every other thing changes with the change So true More than 5 000 years ago humanity got this divine knowledge which is becoming


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Income Tax Act - 1961 Sec 14A disallowance


Introduction 1 Section 14A was first inserted by the Finance Act 2001 However same was inserted with retrospective effect from 1 4 1962 The inserted section reads as under 14A Expenditure incurred in


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Raju ban gaya gentleman - CSR in Education or Education in CSR


CSR is the latest buzzword that matches Corporate Governance in terms of brandrecall and search in most electronic media Off late even the print media hasstopped writing much on Governance maybe with


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House Rent Allowance (HRA) Vs. Rent Free Accommodations (RFA)


House Rent Allowance H R A results in tax savings because accounting under Income tax act is direct exemption based However accounting of Rent Free accommodation is valuation based taxation and added


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Updated on : 8/1/2015 9:42:09 AM





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