Tag: Income Tax FAQ


Calculate Your Projected Income Tax for FY 2020-21 in New Tax Regime

Income Tax calculation for FY 2020-21 and AY 2021-22 - Union government has introduced a new income tax strucre along with the existing one. The new income tax regime is optional, and individuals can either opt for the new regime or file their taxes...

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New ITR Form For 2017-18, e-filing Mandatory for Demonetization Cash Transactions

Income Tax department has notified new Income Tax rationalized form Sahaj Form - I for filing income tax returns. They have also made Aadhaar number and disclose bank deposits of more than Rs 2 lakh post-demonetization i.e. November 9 to...

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How o Calculate Stamp Duty Value in Capital Gain Tax ?

How o Calculate Stamp Duty Value in Capital Gain Tax ? - Stamp duty value is the value asses sable by any authority of a State Government for the purpose of payment of stamp duty. Income Tax  section 50C​​ defines that...

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Whether Provident Fund (PF) Taxable ?

Whether Provident Fund (PF) Taxable ? - Rule 8 of Part A of the Fourth Schedule of the Income Tax Act says that the accumulated balance due and becoming payable to an employee participating in a Recognized Provident Fund is exempted...

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Does Gratuity and PF Taxable ?

Does Gratuity and PF Taxable ? -  Whether Gratuity paid to the employees on retirement or leaving the jobs are taxable as per Income Tax rule ?​​ As per the existing law Government employee Gratuity and PF (Provident Fund) receipts...

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