Holidays to be observed in BSNL Offices during the year 2019 No. 3-1/2010-TE To, All Heads of Telecom Circles/ All Heads of Metro Districts! All Heads of Administrative Units. BSNL Dated: 27 .07.2018 Subject: Holidays to be observed in BSNL Offices during the year 2019- reg. In accordance with Ministry of Personnel, Public Grievances & […]
Archives for July 2018
Income Tax Calculation of House Rent Allowance U/S 10 (13A)
Income Tax Calculation of House Rent Allowance U/S 10 (13A) For Assessment Year 2018-19 Illustrative calculation of House Rent Allowance U/s 10 (13A) in respect of residential accommodation situated in Delhi in case of an employee below the age of sixty years (With valid PAN furnished to employer). S.No. Particulars Rupees 1 Salary 3,50,000 2 […]
Income Tax Exemption u/s 10 (13A)
Exemption u/s 10 (13A) 1.Mr. A, employed with XYZ Ltd. Up to 31.10.2016, received following emoluments S.No. Particulars Rupees 1. Basic pay p.m. 13,000 2. Bonus for the year received in July, 2015 7,200 3. Club facility (for private use only) Expenditure by employer p.m. 700 4. House Rent Allowance p.m. 2,800 5. Employer’s contribution […]
One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C.
One Computation of Taxable Salary and allowances, Deduction for Interest on Housing Loan and Deduction u/s 80C. Mr. X, a Central Govt. Officers in Delhi, is receiving Basic Pay Rs.40,000, DA at prescribed rates, transport allowances @ Rs.3600+DA thereon, and HRA (existing- from 1st July 2017 @24% of basic pay (though living in his own […]
Calculation of Income Tax – Above The Age Of 80 Years
Calculation of Income Tax – Above The Age Of 80 Years For Assessment Year 2018-19 A.Calculation of Income tax in the case of a retired employee above the age of 80 years and having gross pension of: i. 5,00,000/-, ii. 8,00,000/- , iii.12,50,000/-. B .What will be the amount of TDS in case of above employees, if […]