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The amount of salary disclosed in Income details/Part BTI is less than 90% of Salary reported in Schedule TDS1
I am filing ITR1 and filling the same salary mentioned in Form16(Income chargeable under the head Salaries(3-5)). But on submitting,…
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What is Gratuity? Formula for calculating Gratuity? How much of Gratuity is Tax free? Tax,ITR
After working in a company for 4 years,10 months and 11 days an employee is eligible for gratuity. Gratuity is…
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Tax and Income From One Self Occupied property
In our earlier article Tax : Income From House Property we had given an overview of how to calculate Income From House…
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Tax : Income From House Property
In this article, we will give an overview of how to show income earned from the rent of a house…
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Understanding Perquisites
For person earning income from Salary , documents Form 16, and Form12BA provided by employer are needed.Understanding Form 16: Tax…
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Four Corner Stones:Income, Expense, Assets, Liabilities
You plan a tower that will pierce the clouds? Lay first the foundation Recap:Swayam was now king of the world.…
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It’s not what you earn that makes your financial position!
Recap:Swayam was now king of the world. All the hours of studying in school, college had paid off, he had…
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Taste of Freedom
“Babuji kya mujhe apni zindagi se ek mahina mil sakta hai …” Simran (Kajol) asks her father,Chaudhary Baldev Singh(Amrish Puri), in Dilwale…
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When Partner Wants to Quit Job to Start Business? A Couple’s Money Guide
When a partner wants to quit job to start a…
