Income Tax Archives - Page 11 of 12 Finance Friend

Budget 2013 highlights for Individuals

April 3, 2013February 28, 2013 CA. Kalpesh Karia

Budget 2013 highlights for Individuals: Income Tax Exemption Limit : Basic limit of exemption (general category) increased to Rs. 2.2 Lakhs from Rs. 2 Lakhs – saving of Rs. 2000 for the persons Read more [...]

What is Annual Value of House Property

March 29, 2013February 28, 2013 CA. Kalpesh Karia

What is Annual Value of House Property : For calculating Income from house property, first step would be to derive Annual Value. It is always a difficult task to calculate annual value as there are total Read more [...]

Depreciation chart as per Income Tax Act for FY 2012-13

December 3, 2012October 31, 2012 CA. Kalpesh Karia

Depreciation chart as per Income Tax Act for FY 2012-13 and AY 2013-14 Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act . Building Furniture Plant Read more [...]

Exemption of Leave Encashment

November 4, 2012September 30, 2012 CA. Kalpesh Karia

Employees are eligible for various leave while in service .Employee usually take some leave during the year as per company policy and balance leave will remain unavailed for the year. For example employee Read more [...]

How to take benefit of credit card balance transfer

October 22, 2013August 16, 2012 CA. Kalpesh Karia

Credit Card is such a tempting facility provided by bank that generally person use it without considering repaying capacity or sometime there could be genuine situation where no other source of finance Read more [...]

House Rent Allownace – HRA Calculator

May 4, 2014July 26, 2012 CA. Kalpesh Karia

House Rent Allownace - HRA Calculator is very easy to use excel calculator. One can calculate House Rent Allowance exemption either annually or sum of Monthly house rent exemption using this calculator. Click Read more [...]