Income Tax Archives - Page 12 of 12 Finance Friend

How to Calculate House Rent Allowance – HRA

January 12, 2023July 15, 2012 CA. Kalpesh Karia

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How to Calculate House Rent Allowance - HRA

House Rent Allowance (HRA) is provided by employer to employee as a part of consolidated Salary or you can say Cost to Company (CTC) to meet rent of accommodation. HRA is exempted up to some extent as Read more [...]

Income Tax rates for FY 2012-13

August 16, 2012July 2, 2012 CA. Kalpesh Karia

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Income Tax rates for FY 2012-13 (Financial Year 2012-13)and AY (Assessment Year)2013-14 as per Budget 2012.

TDS rates Chart for FY 2012-13

January 7, 2013July 1, 2012 CA. Kalpesh Karia

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TDS rates Chart for FY 2012-13 and AY (Assessment Year)2013-14 as per Budget 2012. How to use above TDS rates Chart for FY 2012-13: Above table is very user-friendly and provide better Read more [...]

Due Date Chart of all statutory payments for F Y 2012-13

October 10, 2013June 27, 2012 CA. Kalpesh Karia

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List of most due date chart of all statutory payments for F Y 2012-13 pertains to central laws. How to use due date chart of all statutory payments : Below table is very user friendly and provide Read more [...]

Pre construction period Interest on housing Loan

November 23, 2013June 23, 2012 CA. Kalpesh Karia

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As per section 24 of Income tax Act, 1961, Interest on borrowed capital is allowable as a deduction if capital is borrowed for the purpose of purchase, construction,repair, renewal or reconstruction of Read more [...]

Effects of Jantri rates on Capital Gains

February 8, 2023June 18, 2012 CA. Kalpesh Karia

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Section 50 C of Income Tax Act,1961 was inserted from Finance Act, 2002 w.e.f. 1st April, 2003 which states that While transferring any land or building or both if full sale value consideration is less Read more [...]