Don’t have Form 16

What to do if you don’t have Form 16

What to do if you don’t have Form 16 If you are a salaried individual and want to file your income tax returns, you will have to approach your employer to get your Form 16. All employers are obligated to provide their employees with a Form 16. In case you do not have your Form […]

TAXATION OF SALARY INCOME

TAXATION OF SALARY INCOME

TAXATION OF SALARY INCOME Meaning of salary: As per Indian Income Tax Act Salary includes:- * Wages * Annuity or pension * Any gratuity over and above the exemption limit * Any fees * Commission * Any advance salary * Amount contributed by the employer towards the recognized provident fund in excess of 12% of […]

Heads of Income Tax

5 Heads of Income Tax

5 Heads of Income Tax As per the Section 14 Income Tax Act,1961, there are five main income tax heads for an individual. The computation of income tax is an important part and has to be calculated according to the income of a person. For a hassle-free calculation, the income has to be classified properly […]

Competitive Exams

Competitive Exams After Graduation For Jobs

Competitive Exams After Graduation for Jobs After graduation, a student has two types of openings: prepare themselves for campus job interviews or dive into the competitive exams for jobs. In this blog, I will be sharing some information about the second one i.e. competitive exams after graduation for jobs. Examinations Covered: UPSC Civil Services Examination […]

Judgment-Supreme-Court-On-AAdhaar-Highlights-2018

Judgment – supreme court on AAdhaar Highlights 2018

Here is all you need to know about the implications of the Aadhaar verdict

    1. A 5-member constitution bench of the Supreme Court led by Chief Justice Dipak Misra ruled that Aadhaar is mandatory for the filing of income tax returns (ITR) and allotment of Permanent Account Number (PAN). So if you are a taxpayer or want a PAN card then you cannot run away from Aadhaar.

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Income Tax Slab and What is a Tax ?

Income Tax Slab & Rate for FY 2018-19, 17-18 & 16-17 No tax for individuals with income less than Rs 2,50,000 0%-5% tax with income Rs 2.5 lacs to 5 lacs for different age groups 20% tax with income Rs 5 lacs to 10 lacs 30% Tax more than 10 lacs Investments upto Rs 1.5 […]

Employee satisfaction-Office Environment Make it Productive

Office Environment: 6 Tips to Make it Productive Creating a stylish office environment is one challenge, but turning that space into a productive office environment can be even more difficult. You don’t just need to consider style and function, but you need to consider your employees and how they will feel spending a large amount […]