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Hra rebate in income tax fy 2015 16

hra rebate in income tax fy 2015 16

Tax deductions There are broad themes to what the government incentivizes.
15H provided his estimated tax liability is nil for the financial year though the total amount of interest from all sources may exceed.
Such instruments will perform only when stock markets.
2.50 lacs, the minimum amount liable for tax.Section 80CCC: Deduction For Annuity Plan.A new income tax return form taxpayers with annual income of up.5 lakhs other business income.Investment submission proof deadline Depending on how large your company is, you might have two deadlines related to investment proofs.For authentic details of all the matters relating to Income tax, go to the website of Income Tax Department, Government of India : / ALL about TDS AND forms 15G AND 15H When Banks will deduct TDS for interest paid?Click Here to Download one page Form 10E for claiming relief U/S 89(1) of Income tax Act,1961.If you are salaried, the simplest way to claim tax deductions is through the investment declaration system.Some income tax forms are longer than the others and they may need additional disclosures such balance sheet and a profit and loss statement.Late fees is not eligible for deduction.Choose the investment on its merit and tax saving can be a side benefit.
Rebate u/s 87A (if any).
Advance Tax Self-employed people must do the calculation themselves and pay the tax to the Government periodically every quarter.
If the total taxable income exceeds.10,00,000/- Total Income 10,00,000.1,10,000/- 30 of the amount by which the total taxable income exceeds.10,00,000/-.e.
You must produce a certificate from the doctor.
You can claim income tax exemption only on the travel of yourself and family.
3,00,000 Total Income 5,00,000 5 of the amount by which the total taxable income exceeds.2,50,000/-.e.A contribution of up.50,000 towards NPS can be claimed as a deduction in addition.You can get maximum exemption of Rs 2 lakh on housing loan interest.Gaar is to be postponed by 2 years.How to claim Tax Deductions?Wealth tax is to be abolished.If the total taxable income exceeds.2,50,000/- but does not exceed.5,00,000/-.e, if 2,50,000 Total Income 5,00,000 5 of the amount by which the total taxable income exceeds.2,50,000/.Enter Details for FY 15-16, gross Income for FY 15-16 (Excluding Arrear).It will not affect your employer financially, but you would be able to save some more tax.Hotel stay and food is not entitled.You can save up.Because of your job, you live in a different place.Happy TO record m has crossed 30,000, pAGE views, for information on Tax for FY ( AY click here, contest matthew reilly review nEWS alert dated : NEW ITR forms FOR AY released. We have given below tax rates and various concessions available under various sections of Income Tax act.