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...
However, everybody and anybody is not entitled to take benefit of the aforesaid rebate. Anybody and everybody are not eligible for this rebate. For Instance, HUFs and NRIs are not entitled to this rebate. So Who is Eligible for This Rebate Under Section 87A? There has always been chaos,...
Virender-Yes you can avail tax benefit under different sections of income tax for principal and interest payment. But let me know what type housing loss you incurred. Reply virender yadav May 22, 2014 at 10:03 AM Thanks for your response. I am not very clear about this clause, i gone...
000 in Cook Government funding through Healthway to pilot the Kids Club program. The program will address health behaviours such as unhealthy eating, lack of physical activity and poor mental and oral health in young children aged 0–16 years and is set to benefit nearly 3,000 Aboriginal childr...
Once you have the results, then compare the figure to the Tax Payable under the Old Regime and the Tax Payable under the New Regime. Interestingly, the tax benefit will also be displayed in the calculator. Eventually, make an informed decision by using the E-calculator as a reference. ...
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The government’s move would benefit a large section of the population, such as seniors who did not want to park money in tax-saving instruments and had paid off housing loans or youngsters just joining the workforce. Such people do not have substantial amounts to purchase life covers or dep...
thetax-saver ELSS fundsare one of the popular ones. It has the potential for generating high returns in addition to allowing the investors to complete their tax-saving quota of Rs 1.5 lakh under Section 80C. But when it comes to investing in ELSS funds, the question of whether to go for...
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 ...
The Finance Bill, 2022 seeks to extend the benefit of this capped surcharge to long-term capital gains arising on the sale of unlisted shares. The fine print may clarify whether this applies to other asset classes as well Under the current provisions, LTCG on sale of assets (other than lis...