A:For taxpayers providing taxable services,transferring intangible assets or sellin g immovable properties,the Business Tax payable shall be computed on the basis of th e turnover and the applicable tax rate. The formula for computing the tax payable is as follows: Amount of tax payable = Turno...
If your HRA has not been accounted in Form 16, you can still claim it by using the calculation of HRA shown earlier. As the HRA was not claimed, taxable income would be more hence employer would have deducted tax on it. Now when you claim it in ITR you tax liability would get reduce...
Tax treatment: Nil tax liability if withdrawn after 5 years but between 3-5 years if you surrender it then entire surrender value gets added to his income in the year of receipt (in this case, you can withdraw 99% of the fund value). Also check surrender charges before you make such ...
Do remember that Form No. 15G or 15H are self-declaration forms that can be furnished by individuals to state that their income is BELOW the taxable limit and hence no TDS should be deducted. The final tax on his estimated total income computed as per the provisions of the Income Tax A...
EPF Withdrawal before 5 years,TDS,Form 15G,Tax and ITR How to Transfer EPF Online on changing jobs Reply just i want to know after transfer my epf the pension money showing zero. if i will get my pf how i can take zero money of pension ...
TDS deducted for EPF less than 5 years: Do remember that if you have been an EPF member for less than 5 continuous years, the maturity corpus is taxable and you will also need to furnish proof of PAN. You cannot submit Form 15G/H. ...