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Employees: Benefits allowable678089Salaried persons constitute a large chunk of total taxpayers in India and their contribution to total tax collection is substantial. The document includes brief introduction and tax treatment of various allowances and perquisites available to an employee, inter-alia, house rent allowance, gratuity, provident fund and so forth.3/25/2019 5:17:13 AMList of benefits available to Salaried Persons House Rent Allowance (Sec. 10(13A) & Rule 2A * Salary= Basic + DA (if part of retirement benefit) + Turnover based Commission 110206https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}571d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Individual and HUF: Benefits allowable678081​Individuals and HUFs constitute a large chunk of total taxpayers in India and their contribution in total tax collection is substantial. The document includes the list of various benefits available to an Individual or an HUF, such as exemptions and deductions.3/25/2019 5:17:11 AM2.i Benefits available only to Individuals & HUFs A. Tax Rates and Relief [AY Person resident outside India (under FEMA Act) and person who has been permitted to maintain said 11555https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}561d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Allowances allowable to tax payer678078Income-tax Act contains provisions for taxability of various allowances received by a taxpayer. These allowances are either in the nature of income which is exempt from tax or is an expenditure which provides weighted deductions to the taxpayer. This list gives a glimpse of tax treatment of various allowances available to a taxpayer.3/25/2019 5:17:11 AM1.b Allowances available to different categories of Tax Payers b) 1/5th of salary (excluding any allowance, benefits or other perquisite Individual - Salaried employee 248792https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}521d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No. 8/20185789712/26/2018 5:29:12 PMin connection to business or employment, 13.1-13.3 Benefit of carry forward and set off of by the due date, 22.1-22.3 Deductions available to senior citizens in respect of health 11946https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular2018-12-26T02:30:00.0000000Z2018Circular No. 8/2018{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}119851d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Tax Charts & Tables6761119/12/2014 1:10:55 PMThe document includes the list of various benefits available to an Individual or an HUF, such Salaried persons constitute a large chunk of total taxpayers in India and their 231799https://www.incometaxindia.gov.in/Pages/Forms/AllItems.aspxhtmlFalseaspx{5d5a1cf6-fa5e-49b7-aa9b-bf6d76dfeca1}4351d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Budget Speech627332/1/2019 3:34:18 AMInterim Budget 2019-2020 Speech of Piyush Goyal Minister of Finance February 1, 2019 has also been done to reap the benefits of economies of scale, improved access to capital 3591https://www.incometaxindia.gov.in/Budgets and Bills/2019pdfFalsepdfBudgetFINANCE BILL2019{cc9cf5ca-a3ec-47f9-b55f-ca7b4cfdd77f}4821d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
T.D.S. on Salaries - 20136794695/20/2014 9:33:53 PMAct provides for chargeability of tax on the total income of a person on an annual basis various provisions relevant only to the salaried class of taxpayers.CHAPTER-2 OVER VIEW OF 72853https://www.incometaxindia.gov.in/Booklets Pamphlets/Forms/AllItems.aspxpdfFalsepdfBooklet{e1af5c4d-1048-48d7-8520-64eb07daf071}171d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Circular No.1/2019587961/2/2019 3:30:10 PMPERSON RESPONSIBLE FOR FILING FORM 24G IN CASE OF STATE GOVT DEPARTMENTS/CENTRAL GOVT Acts, Rules, Forms and Notifications are available at the website of the Income Tax 100856https://www.incometaxindia.gov.in/Communications/CircularpdfFalsepdfCircular2018-12-31T19:30:00.0000000Z2019Circular No.1/2019{8f5119bc-7835-4673-bf0f-3474ae9bd9c6}119871d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
MOP_Volume_II69101010/9/2009 6:37:27 PMOUR MISSION To promote compliance with our direct tax laws, through caring taxpayer service and strict enforcement and thus realize maximum resources for the Nation 31217https://www.incometaxindia.gov.in/Documents/Forms/AllItems.aspxpdfFalsepdfOthers{6da74bef-4aea-484a-a870-02587928d7dc}3611d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in
Deductions allowable to tax payer678083​Income-tax Act provides certain deductions to compute the actual taxable income. The nature of deductions from total income is different for each category of income. The document will provide a list of all deductions available to different categories of taxpayers for different categories of incomes and the conditions thereof.3/25/2019 5:17:12 AMor the amount of salary, whichever is lower] Individual – Salaried Employee & Pensioners Deduction shall be available if actual cost of new plant and machinery acquired and 194715https://www.incometaxindia.gov.in/Charts Tables/Forms/AllItems.aspxhtmlFalsehtmCharts & Tables{26b89a4f-398f-430e-bccf-2f9843f0620c}331d5e35f4-95b1-4705-ad33-f92c024fd01chttps://www.incometaxindia.gov.in