Section 80DDB provides for Income Tax Deduction under Chapter VI-A for payment of medical treatment of a person suffering from aBudget 2015 has brought in an amendment to Section 80DDB and the deduction under Section 80DDB has been increased for very senior citizens to Rs. Income Tax Rate Slab Chart for FY 2015 16.The Semester 1, AY 15/16 Newsletter for NUS Faculty of Engineering, produced by NUS Students Engineering Club. Tax Salaried Employees. Income Tax Calculator for AY 2016-17, 2017-18, 2018-19. To calculate Income Tax, the Heads of income are considered.The heads of income that included in the Income Tax Calculation 2015-16 are given below. Income Tax Act and Income Tax Calculation for 2014-15 for AY 2015-16 what is gross income.Income Tax Deduction from Salaries During The Financial Year 2015-16 under Section 192 of the Income Tax, Act.1961. But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15. The data, released last week, indicates just over 3 per cent of the 120 crore population filed returns. Click here to know Income Tax Salb Rates FY 2014-15(AY 2015-16) and also see 80C Tax deductions.
80DDB - Treatment of Certain Diseases. The expenditure incurred for the medical treatment of self or your dependents can claim a deduction of up to Rs. Just over 2 crore Indians, or 1.7 per cent of the total population, paid income tax in the assessment year (AY) 2015-16, according to data released by the I-T department. Some Facts about Income Tax. The word Tax is derived from a Latin word Taxo, which means I assess.70,000 admitted during 2014-15 AY.2015-16 FY proposal: Rs.80,000 on production of mere prescription of the Doctor. But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.
91 lakh crore in AY 2014-15. The data, released last week, indicates just over 3 per cent of the 120 crore population filed returns. Income Tax News with Excel Software.Master of Form 16 Part B for AY 18-19( For 50 Employees).Download the Automatic Tax Calculator for W.B.Govt employees for FY 2015- 16. Income Tax Return Due Date AY 2015-16. Sr no. Particulars.9,income tax slab in dtc,1,income tax slabs,6,INCOME TAX SLABS AFTER BUDGET,3, income tax ules 9th amendment,1,INCOME WISE ITR FORMS,2,INCOME-TAX-RETURN-AY -17-18,18,INCOMETAX 6TH PAY,2,inconsistancies in The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.From 16/03/2015 to 31/03/2015. Total. Tax slabs for FY 2015-16 or AY 2016-17. It focuses on Income Tax for Salaried Employee, exemptions ex HRA,LTA ,Medical bills,proofs for 80C investment.Limit of deduction u/s 80D of the Incometax Act increased from Rs 15,000 to Rs 25,000 on health insurance premium (in case of senior citizen Income tax slab rates are reviewed by the government in Budget every year. But the tax slabs have not been changed for the last few years. Here is a primer on income tax slab rates for AY 2016-17 (FY 2015-16). Let us understand all the important sections and new proposals with respect to Income Tax Deductions 2015. This list will help you in insurance Competitive Exams. Section 80c. 2. Income tax calculated in aforesaid manner for Individuals and HUFs for AY 2016-17 is subject to applicability of education cess 3 and surcharge (if total income is above Rs. 1 crore) 12. Modified On February 28, 2015. Income Tax Calculator For the Assessment Year 2016-2017 for Individual tax calculation. Mr Arun Jaitley, Finance Minister of India Presented his first full fledged budget today (28 Feb 2015). INCOME TAX SLAB 2017-18 | Calculation Method Explained - Duration: 13:41.Do you Need to Pay Income Tax on your Google Adsense Earnings in India - Duration: 10:49. My Smart Support 45,191 views. We give below the Income Tax Rates and Slabs applicable for the FY 2015- 16 or AY 2016-17.Section 80DDB - Deduction in case of very senior citizens on expenditure on account of specified diseases. Rs. 60,000/ Here, I have presented income tax slab for fy 2015-16 and ay 2016-17 as per budget 2015. I hope this income tax rate chart will be helpful to you. Of the 4.07 crore tax returns field in AY 2015-16, close to 82 lakh showed zero or income less than Rs2.5 lakh. Tax Deduction limits under few Sections of the Income Tax Act.The contributions can be upto 10 of the salary (or) Gross Income and Rs 50,000 additional tax benefit u/s 80CCD (1b) was proposed in Budget 2015. Tags-income tax deduction for medical treatment,income tax deduction u/s 80ddb,deduction u/s 80ddb fy 2016-17,deduction u/s 80ddb ay 2017-18.The Finance Ministry today asked taxpayers to file their Income Tax returns for 2015-16 early to avoid the rush towards the last date of A You may download the complete list of all sections of Income-tax Act, 1961 as amended by the latest finance act i.e. Finance Act, 2016.Chapter VIA (Sections 80C to 80U) Deductions for AY 2017-18. List of Deductions available in computing Taxable Income for certain payments by Taxpayers Income Tax Calculator for 2015-16 (AY 2016-17) For Resident Individuals HUFs. Calculate Taxable Income and Income Tax liability for Assessment Year 2016-17 (for income earned during Financial Year 01.04.2015 to 31.03.2016). 12 lakh from A.Y. 2015-16) can invest in this scheme up to Rs. 50,000 and get a deduction of 50 of the investment. So if you invest Rs.4- Income tax calculator for 2010-11 AY to 2016-17 AY (by the Income Tax department). Email This BlogThis! National Fund for Control of Drug Abuse (applicable from financial year 2015-16). Donations with 50 deduction without any qualifying limit.Heres how to get a certificate for claiming deduction under section 80 DDB in your income tax return. From financial year 2015-16 onwards, an additional deduction of Rs.8. Section 80DDB: Income Tax Deduction for Treatment of Specified Diseases. Income tax calculator in excel AY 2015-16 free download. Current professional tax slabs in West Bengal fy 2014-15 ay 2015-16. For AY 2015-16 and AY 2016-17 the basic income tax exemption limit for the both is as under: Senior Citizen Rs.Further section 10 of the IncomeTax Act, 1961 has also been amended to provide that any amount received as a loan under reverse mortgage scheme shall not be included in the income. Update from April 2016: Checkout: Income Tax Slabs and Rates for AY: 2016-17.10 surcharge is levied on domestic companies on income above Rs.10 crores. All the data listed above is for the FY 2014-15 and AY 2015-16. 89 thoughts on Section 80DDB Income Tax benefit for your Medical Treatment. GAURAV GOYAL January 10, 2014 at 3:54 pm.Due to lack of budget I have not received anything during FY 2015-16. So I claim Rs.40,000/- u/s 80DDB while filing my ROI for AY 2016-17. New Files. CA IPCC Income Tax Amendment Book for may 2018 Exams.Top Files. Download CA CPT Question Paper with Key June 2015. Calculate your tax based on the tax slabs for year 2014-2015. Detailed split for general, women, senior citizen etc are provided.India Income tax slabs 2014-2015 for Senior citizens (Aged 60 years but less than 80 years) Income tax slab (in Rs.) Income Tax Slab for FY 2015-16 [AY 2016-17]. There is no change in income tax slabs except additional 2 increase in cess for super rich (i.e. individuals with income > 1 crore). For Income Tax Purpose Form 16 Generator Finest Form 16 generating tool with features like merging, digitally signing and more.Section 80DDB of Income Tax Act offers deductions for specified diseases. Check eligibility and deduction limit in this guide by HR Block.
Paperback. Publishing Date. 2015. Publisher. Shuchita Prakashan. Income tax return forms for AY 2015-16 have not been announced yet and we will update you as soon as they are available. But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15. Check out the latest income tax slab for fy 2015-16 and ay 2016-17. There is no change in the latest tax slab in budget 2015. Simple income tax calculator fy 2015-16 - xls download 2 Replies. Related Files Downloads. Income Tax Calculation 2009-10 - Salaries.xls. There is no change in the Income Tax Slab Rates for AY 2016-17 and exemption limit for Individual, HUF, AOP, BOIClassification of Income Tax Slab Rates Applicable to an Individual is as follows. Tax rates applicable to a Resident Individual below the age of 60 years (i.e. born on or after 1/4/1956). You are here. Home » Income Tax Rates for AY 2014-15 2015-16.Surcharge : 10 for Indiviadual having taxable Income exceeding 1 Crore Education Cess : 2 on income-tax plus surcharge. We give below the Income Tax Rates and Slabs applicable for the FY 2015- 16 or AY 2016-17.Section 80DDB - Deduction in case of very senior citizens on expenditure on account of specified diseases. Rs. 60,000/ But the total income tax paid by individuals declined to Rs 1.88 lakh crore in AY 2015-16 from Rs 1.91 lakh crore in AY 2014-15. 31 January 2018 You can not file Tax return for Ay 2015-16, Year got expired.Tax audit report. tds applicability. What should i do.should i quit ca ?i need serious advice. Income tax return of a pandit. Interest on tax and late fee. The senior citizen of above the age of 80 will not get any extra tax saving in the New income tax slab for f FY 2014-15. Their tax free income slab is remained at the 5 lakhs. However there remains big gap after this budget as well. Section 80DDB.We are enclosing herewith Automatic Form 16 cum Income Tax Calculator for Salaried Person in excel format for Financial year 2014-15 / Assessment Year 2015-16. Income Tax : AY 16-17 : Ch 1 : Intro : Lecture 1. CA CS CMA CA Dilip Badlani Badlani Classes CPT IPCC.Income Tax (Information Source) Calculations of Income Tax for Individuals income tax return filing 2015-16 city commerce academy amar jeet singh. Understanding your Form 16 other Tax related forms (Form 16A Form 26AS). FY 2014-15 Income Tax Returns Filing : Tax Slabs New ITR Forms.Please suggest various saving schemes for tax deduction FY2015-16(AY2016-17) under various sections for maximum tax deduction.