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After filing Income Tax Return
In this article we shall look at what happens after filing the income tax return. Every system, right from the…
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President of India, Salary, Perks and Rashtrapati Bhavan
How much does a President of India earn? One of the major perks of being a President is living in Rashtrapati Bhavan. It takes…
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Examples of Income Tax Calculation
Based on the queries received on the forum we realized that there is confusion about how to calculate income tax.…
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Overview of Recurring Deposits or RD
“Boond boond se sagar banata hai” (little drops of water make an ocean) As per this saying, small but periodic…
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Methods of accounting: Mercantile and Cash
The post tries to explain the two methods of accounting – mercantile(accrual) and cash. Under the mercantile (accrual) method, incomes…
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Income Tax Overview
This article provides Income Tax Overview and how to file Income Tax Returns. The filing of income tax return is…
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Basics of Service Tax
Union Budget 2012 delivered a staggering blow by hiking the service tax and excise duty from 10% to 12%. Our…
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Basics of Tax Deducted at Source or TDS
Tax Deducted at Source or TDS is one of the modes of collection of taxes from the people in India. This…
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Cost Inflation Index,Indexation and Long Term Capital Gains
Cost Inflation Index(CII) is a measure of inflation that is used for computing long-term capital gains on sale of capital assets.…
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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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Salary, Net Salary, Gross Salary, Cost to Company: What is the difference
You got a 10 lakh package and you calculated your salary as 10,00,000 divided by 12 is 83,333.33, but you…
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