Tag: Exemption

How to Calculate Gratuity Exemption with Gratuity Calculator

When you work with a company for more than five years and resign from company or at the time of retirement, you may be under dilemma regarding how to calculate gratuity or how to calculate gratuity exemption Read more […]

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Tax Treatment of Gratuity as per Income Tax Act,1961

Tax Treatment of Gratuity as per Income Tax Act,1961 is covered U/S 10(10) of the Act. In case of retirement, resignation or  termination, you have to consider Income Tax liability on propose Read more […]

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National Pension Scheme – NPS can give benefit up to 42% in first year

This is tax season now. You may be planning to do investment for FY 2018-19. This will help in Tax Deduction .Due date may be nearing in your company to submit investment proof . National Pension Scheme 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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Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

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How to calculate exemption on Pension Income

How to calculate exemption on Pension income There are two type of pension viz; Commuted and Uncommuted Pension. Treatment of both type of pension is different as per section 17(1)(ii) of Income Read more […]

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