In December, the Central Board of Direct Taxes (CBDT) made it compulsory for anyone paying more than Rs. 1,00,000 rent per annum to provide rent receipts along with their landlord’s PAN number for claiming HRA exemption. But as this is a recent notification and most people only came to know about the same once the …
What can you do if your landlord does not give his PAN number? Read More »
This post has some common rules and regulations of personal income tax in India. This would help you to further understand the intricacies of taxes. Income Tax Slabs/Rates for Financial Year 2011 – 12 1. Women assesses Upto Rs. 1,90,000 – Nil From Rs. 1,90,001 – Rs. 5,00,000 – 10% From Rs. 5,00,001 – Rs. 8,00,000 – 20% Above Rs. 8,00,000 – 30% …
Personal Income Tax – Common Rules & Regulations in India Read More »
If you are still wondering how much Income tax you need to pay this year 2011-12, here is a calculator for you in excel format. Below is the Income Tax Slab for FY 2011-12. Word of Cautions for using the Excel sheet: Only Orange Cells are input cells. Do not change any other cells as …
Income Tax Calculator for FY 2011-12 (Excel Download) Read More »
I love to save Taxes and so do most people. And if you remember Finance Minister’s announcement in recent budget gave an opportunity to save taxes on additional Rs 20,000 by investing in Infrastructure bonds. In keeping with this IFCI has launched the first infrastructure bond recently. The subscription is open till 31st August 2010 …
Save more taxes – Invest in IFCI Infrastructure Bonds! Read More »
