$250,000 Income Tax ThresholdStephanie Horne
The Varishtha Pension Bima Yojana (VPBY) 2017, will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years, with an option to opt for a pension on a monthly/ quarterly half-yearly and annual basis. Fixed Deposit SCSS Post Office Term Depo...
Tax rates are on the range of income levels which are called as Tax slabs. For example, those earning between 5,00,001 to 10,00,000 are in 20% tax slab. Which means that they have to pay 20% of tax on their income. But they also get the benefit of lower tax slabs. So one wi...
Indian Union Budget is being declared on 28thFebruary, 2015. Indian citizens expect a hike in income tax limit from last year figure, based on inflation rate of 2014-15 and other parameters. What would be the rate of increase in limit of income tax slab during forthcoming financial year 2015...
Recently, the United States lowered its federal capital gains tax rate from 28 percent to a regime with five different rates, the most general one being 20 percent for assets held by individuals for more than a year and a half. Should Ca... TA Wilson,JM Mintz - 《C.d.howe Institute》...
Example:Amaleemployee, say Mr Sharma, isbelow the age of sixty yearsand has gross salary income of Rs.1,50,000 with Rs 10,000 contribution to G.P.F. (Source :Circular No.08/2010 dated 13.12.2010atTaxGuru:TDS on Salary – Rate & Provisions A.Y. 2012-13) ...
Banks offer a higher rate of interest on fixed deposits to senior citizens. The offering is 0.25-0.75% more than the prevalent interest rates. Other than that Fixed Deposit is similar for Senior and other citizens. Our articleSenior Citizen,Fixed Deposits and Taxdiscusses it in detail. ...