Payroll Blog - eVetan - Latest Comments

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Parth_dot — Tue, 24 Jan 2012 12:40:17 -0000

i have invested 70000 in pf and Lic. apart from this 50000 on ppf. Is this entire amount of 120000 is free from income tax or just 70000.

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Deba — Tue, 24 Jan 2012 10:25:46 -0000

sorry typing mistake it is 5400.

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

deba — Tue, 24 Jan 2012 10:24:53 -0000

hi,
you will get rebate of 54000.

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Jeyanthi.C — Tue, 24 Jan 2012 07:21:29 -0000

I am paying eductional loan it will come under tax benefit?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Devender Ku Sharma — Sat, 21 Jan 2012 10:27:44 -0000

Already brief that Very senior Citizen age covers after 80 Years

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Andy — Fri, 20 Jan 2012 02:16:40 -0000

is education loan emi exempt from taxes?? what amount?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Jonathan Subba — Sat, 14 Jan 2012 19:33:41 -0000

Suppose a man's annual income is Rs. 10 lakhs then how do we calculate his income tax. What will be his exact tax to be paid?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Kumarakshay15jan92 — Thu, 12 Jan 2012 02:03:06 -0000

VERY SENIOR CITTZEN'S AGE LIMIT IS 80 YEARS ABOVE

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Deokuleashish — Mon, 09 Jan 2012 04:47:23 -0000

I was abroad for most part of FY-2011/12. I would be paid Indian salary for only Jan, Feb and March. So for tax return for FY-2011/12, I have earned for 3 months only. Does the same tax slabs is applicable to me?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

eVetan — Fri, 06 Jan 2012 23:14:51 -0000

upto Rs. 1,50,000/-

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Shankarshanpdwivedi — Fri, 06 Jan 2012 12:02:13 -0000

what amount of intrest of house loan may directly reduced from income

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Jitendrakumar Sharma — Wed, 04 Jan 2012 23:13:02 -0000

very good notes thanks and again tell about this

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Parasuram_rao — Wed, 04 Jan 2012 05:50:00 -0000

Salary up to Rs.15000/- pm there will be no TDS.If there are no Investments/savings

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Nam — Tue, 03 Jan 2012 16:06:09 -0000

I have an elder brother who is mentally retard, Can I avail tax benefit under 80DD for his treatment/policy. Does brothers comes under the scope of dependent ....?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Sairamdodda717 — Tue, 03 Jan 2012 05:52:44 -0000

this slabs are helpful for common pepole

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Drsinghs — Wed, 28 Dec 2011 02:16:02 -0000

I own 3 flats and all are on loan. Can I claim tax rebate for all 3.

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Ramprasad — Tue, 27 Dec 2011 05:28:54 -0000

what is the exemption limit for income from - professional, consultancy or rental for the accounting year 2011 - 12 or assessment year 2012 - 13 in India?

Re: Income Tax Slabs for FY 2011-12 (AY 2012-13)

Nagraj Kudari — Thu, 22 Dec 2011 15:22:20 -0000

what about sole traders slab

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Kanak Mane — Thu, 22 Dec 2011 04:10:53 -0000

Hello,
I want to know about the taxing policy if i have supplementary income from, in addition to my salary, for providing a consulting service to a US firm from India. i have not set up any company, but do it in my free time.

what is the procedure of income declaration and what are the tax implications.

Thanks
Kanak

Re: Budget (2009-10) impact on Payroll

S Naseem — Fri, 16 Dec 2011 10:56:23 -0000

thanks for the knowledge you provide us

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Vishwa — Tue, 13 Dec 2011 14:13:21 -0000

I am consultant in India. My total income is 15lacs per year, out of which 5lacs per year will be my consultant expense like commutation, infrastructure set up, Business lunch & co-workers salary etc.. So Now, my question is..how much should I pay TAX for this year or how to calculate exactly??? Considering my consultant expense, 1.20 lacs savings as well as I have Home loan also as part of tax exemption.

Thanks,
Vishwa

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Subir Nandy — Mon, 12 Dec 2011 10:12:21 -0000

Yes you are correct, besides Rs. 1,00,000/- u/s 80(C) you can invest in others and specified by you separately.

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

SubirNandy — Mon, 12 Dec 2011 09:57:21 -0000

Yes you can claim both principal and interest repayment. Principal upto a max Rs. 1,00,000/- u/s 80 C and interest upto max limit of 1,50,000/- u/s 24 (i)(vi).

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

Rehannit — Sun, 11 Dec 2011 05:00:02 -0000

The site says no proof is required for coneyance allowance deduction. Does this mean this amount will automatically be deducted from my taxable income

Re: Tax Slabs – Personal Income Tax (FY: 2010-2011, AY: 2011-2012)

bryan — Wed, 07 Dec 2011 13:36:03 -0000

I am a government servant (women) . gross salary is Rs. 3,82,021
GPF is Rs. 21,250/-, LIC is Rs. 43,476/- . how much tax do i have to pay. and to avoid tax, HOw much do i have to invest?