Interest is calculated at the rate of 1% per month or part thereof for the period of delay, and it is calculated on the amount of tax that is unpaid. Section 234B of the Income Tax Act deals with the interest penalty that is charged for non-payment or short payment of advance tax. ...
As human beings, we all take risks in life. There is no life without risks. Yet, many of us do not take even minimum risks and in turn will waste time and many important opportunities. The concept of calculated risks tends to only minimize such mistakes
ITR What is ITR ITR for Salaried Employees My ITR Status How to get ITR ITR Quick Questions Not Filing ITR Get tax return online Tax Return Wrong Why Do We File ITR Check ITR When Should We File ITR Who Should File ITR Purpose of Filing IT Returns TDS TDS Calculation Check my TDS amou...
Investment income such as interest and rent isconsidered ordinary incomeand will generally be taxed according to your ordinary income tax rate. ... Qualifying dividends are also taxed at long-term capital gains rates (dividends that don't qualify for long-term capital gains rates are taxed at o...
Public Provident Funds –PPFs come with a fair rate of return and a governmental guarantee. You can beat inflation and accumulate significant wealth with PPF, which is entirely tax-free. PPF also permits sufficient liquidity. This investment helps you develop a safety fund for your family. You...
How are multipliers calculated, when modeling fiscal policy impacts of Keynesian economic stimulus? What is meant by the economy's aggregate demand curve (AD)? Explain the estimation of demand and supply by the central planners in a recently planned economy. ...
What determines the shape of the ppf? What is the formula for finding the natural unemployment rate? Assume that the demand for a commodity is given by Q_1 = 1400 - 5P_1, where Q_1 represents the quantity demanded and P_1 stands for the price of the commodity 1. Calc...
A mean score is calculated when all three items are answered. 1→5 0→9 and expectations of medication-free treatment and attitudes about this treatment approach, as well as whether, and why, medication-free treatment was important for them, how the treatment compared with other treatment ...
Or if there is mistake in any other statement you can correct the error by filing a revised return. For instance, if you you forgot to declare tax-exempt interest from PPF or interest on Saving Bank account or you had not declared some income such as interest on your fixed deposits or ...
So with 2 EPF accounts now, this is how it will work: EPF Account 1 (Non-Taxable Contribution) = Rs 10 lakh + Rs 2.5 lakh EPF Account 2 (Taxable Contribution) = Rs 1.1 lakh ThoughRs 2.5 lakh Rule is not applicable to PPF, those who also make additional contributions viaVPF, will ...