If the Maharashtra state Government has its way, one will have to pay more property tax, on account of a cess that the Government plans to levy on property tax in addition to the existing ones pertaining to trees, education and repairs. The urban development (UD) department has proposed a 0.5% cess on the general [...]
Maharashtra, gear up to shell out more for property tax, courtesy new cess
August 20, 2011 by Leave a Comment
Calculator For Computation of HRA
April 30, 2011 by 1 Comment
HRA is exempt to certain extent under income tax law. Both for employee and employer , the computation of exemption out of HRA is an annual ritual. However , computation of exemption out of HRA is a bit tedious . For example , the computation is based on population of city in which employee has taken house on rent. For [...]
Calculator for Interest u/s 234A ,234B & 234C
April 24, 2011 by 10 Comments
Computation of different kind of interest payable by an assessee as per the fault is given u/s 234A or 234B or 234c of the Income Tax Act . If a tax payer files return late and he was suppose to pay tax , a penal interest u/;s 234A is imposed. Further , a tax payer is [...]
Are You Resident or Non Resident? Check This Residential Status Calculator!
July 10, 2010 by 8 Comments
Are you resident or non resident? Here is a calculator for checking your residential status. I shall be improving upon this calculator and any suggestion in this reagrd is welcome. Following points need attention before you use this calculator : Fill up yellow cells. Only first four digits of the financial year should be written. [...]
Double Taxation Tax Relief Computation Method !
November 29, 2008 by
Computing tax relief from double taxation of same income is provided u/s 91 of the Income Tax Act for those countries with which India has no DTAA (Double Taxation Avoidance Agreement ) . It should be noted that for countries with which India has DTAA , the tax rate given as per Double Taxation Avoidance...
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