Death-cum-retirement benefit Commutations of pensions Leave encashment on retirement Amount received on VRS up to Rs 5 lakh Employee Provident Fund money(EPF) Short-term withdrawals and maturity amount from the National Pension Scheme Money received as scholarship for education Cash received as awards...
Form 12BA applies to perquisites that an employee receives as a benefit or reimbursement for benefits. These benefits are over and above the Employee's salary. Form 12BA income tax applies to such additional benefits, perks or fringe benefits. Form 12BA... Cess on Income Tax Cess on inc...
The present law on rebate of tax entitles a tax rebate of up to Rs.12,500 against an individual’s tax liability if his income is not in excess of ₹5 lakhs. However, everybody and anybody is not entitled to take benefit of the aforesaid rebate. Anybody and everybody are not ...
Interestingly, the tax benefit will also be displayed in the calculator. Eventually, make an informed decision by using the E-calculator as a reference. Essential Factors about Income Tax rates in India Here are some key factors to remember about India's income tax rates. Various tax rates app...
“Knowing there is a group of diverse Aboriginal people who have expertise in health, that researchers and Aboriginal Health organisations have access to, will make a huge difference in how Mob can benefit from research,” Mr Smith said. While ‘Research Our Way’ has been designed to suit ...
Employee Benefit Plan Audit Outsourced Finance & Accounting Royalty Exams & Contract Compliance SOC | System & Organization Controls Tax Explore Tax Federal Tax International Tax Private Client State & Local Tax Tax Controversy & Dispute Resolution ...
Employee Benefit Plan Audit Outsourced Finance & Accounting Royalty Exams & Contract Compliance SOC | System & Organization Controls Tax Explore Tax Federal Tax International Tax Private Client State & Local Tax Tax Controversy & Dispute Resolution ...
In Financial Year 2021-22 the surcharge on long-term capital gains on the sale of listed equity shares and equity-oriented mutual funds was capped at 15%. The Finance Bill, 2022 seeks to extend the benefit of this capped surcharge to long-term capital gains arising on the sale of unlisted...
the decision to invest lumpsum or SIP in ELSS funds depends on whether the investor actually has enough investible surplus that can be called as a lumpsum. Right? So if one doesn’t even have this ‘lumpsum’ to start with, then this entire premise ofSIP vs lumpsum in mutual fundsis...
Moreover, the gains exceeding Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation. You may invest in ELSS Funds to accumulate wealth for children’s education, planning for retirement and other long term goals. How to pick the right balanced fund? Your investment ...