Finance Friend

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

December 3, 2012October 31, 2012

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

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

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

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 [...]

How to Calculate House Rent Allowance – HRA

January 12, 2023July 15, 2012

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

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