Category: Income Tax

Depreciation Rate Chart as per Income Tax Act

Depreciation Rates as per Income Tax Act

Assets are bifurcated in five classes for the purpose of Depreciation as per Income Act .Below mention Depreciation Rate Chart as per Income Tax Act are applicable for the FY 2017-18(AY 2018-19) as amended Read more […]

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What is tax benefit of Superannuation Fund

What is tax benefit of Superannuation Fund

What is tax benefit of Superannuation Fund You may have knowledge about provident fund however  you may not be aware regarding Superannuation Fund and want to know what is tax benefit of superannuation Read more […]

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TDS Rates Chart for FY 2017-18 ( AY 2018-19)

TDS Rates for FY 2017-18

Over the years there is definite increase in scope of TDS provisions. TDS provision has really become key instrument for Government to get compliance with requirement of Income Tax Law. Assesses has to Read more […]

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Income Tax rates for FY 2017-18

income tax rates for FY 2017-18

Income Tax rates for FY 2017-18 (Financial Year 2017-18)and AY (Assessment Year)2018-19 A. Individuals/HUFs/AOPs/BOI/Artificial Judicial Person A1.  FOR RESIDENT MEN and WOMEN (Age less Read more […]

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TDS Rates Chart for FY 2016-17

TDS Rates for FY 2016-17

Over the years there is definite increase in scope of TDS provisions. TDS provision has really become key instrument for Government to get compliance with requirement of Income Tax Law. Assesses has to Read more […]

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Deduction of Interest on Loan taken for Higher Education

deduction of interest on loan taken for higher education

Deduction of Interest on loan taken for Higher education is probably very less known benefit provided by Income Tax Department. Now a days cost of higher education is soaring . Students take loan with Read more […]

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Income Tax rates for FY 2016-17

Income Tax rates for FY 2016-17 (Financial Year 2016-17)and AY (Assessment Year)2017-18           A. Individuals/HUFs/AOPs/BOI/Artificial Judicial Person A1. Read more […]

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Income Tax rates for FY 2015-16

Income Tax Rates for FY 2015-2016

Income Tax rates for FY 2015-16 (Financial Year 2015-16)and AY (Assessment Year)2016-17           A. Individuals/HUFs/AOPs/BOI/Artificial Judicial Person A1. Read more […]

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Cost Inflation Index (CII)

Cost Inflation Index (CII) As per provisions of Income Tax Act, for the purpose of Long term capital gains, Indexed cost of acquisition and indexed cost of improvement are deducted from Sale value consideration. Cost Read more […]

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Employees to submit Form 12BB to Employer

Employees to submit Form 12BB to Employer. Until now employer were gathering investment details as per their own format and supporting evidence as per their internal HR Policies from employee. Recent Read more […]

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