TEACHER INCOME TAX 9629803339

Deductions under Section 80GGA res Section 80GGA helps avail tax deductions on contributions made towards scientific research and rural development It can be availed only by individuals who do not have an income source from business or profession There is no upper limit to the sum that one can donate to institutes which adhere to principles under this Section. Cash donations made in excess of Rs 10,000 are not eligible for deduction One should verify the institute where donation is being made is registered and their registration number is valid on the day of making donation st the way Section 80G tax benefits are passed to those individuals who donate to charities that qualify for the tax relief, Section 80GGA allows tax deductions on donations made towards scientific research or rural development. This section was introduced with the aim to offer incentives to individuals donating to noble causes, helping them save money and increasing philanthropy. This deduction is...

Investing in your spouse’s FD account to save tax? Know the income tax rules first Media thanks  Fixed deposits (FDs) are one of the most popular investment options in India, because of their guaranteed maturity value, ease of investing without any opening a demat account and easy access to banks. By:  Amitava Chakrabarty   December 26, 2018 10:24 PM Interest on FD is fully taxable and banks even deduct taxes at source (TDS) on FD interest once it crosses Rs 10,000 in a financial year. Fixed deposits (FDs) are one of the most popular investment options in India, because of their guaranteed maturity value, ease of investing without any opening a demat account and easy access to banks. Moreover, very few retail investors want to take market risks and invest in equities, while most are risk-averse and prefer fixed-maturity investments, irrespective of overall returns in the long run. However, a major drawback of FD investment is that the interest...

TDS HAND BOOK FY2018-19 The Indian Income Tax Act provides for chargeability of tax on the total income of a  person on an annual basis. Click to download  full

IT Department Allows Manual Filing Of Form 13 For Taxpayers Seeking Deduction At Lower Or Nil Rate The Income Tax (IT) Department yesterday (Monday, 24 December) permitted resident and NRI tax filers to apply for tax deduction at a lower or nil rate manually,  reports  The Economic Times . The move is intended to provide relief to ease ‘genuine hardship’ being faced by certain taxpayers in filing Form 13 online. As per the Income Tax Act, 1961, taxpayers have to apply for a lower withholding certificate with the assessing officer (AO) if they contend that their income tax deduction has to be made at a lower/nil rate. These applications are to be made by the e-filing of Form 13. As per a Finance Ministry statement, the IT Department has allowed NRIs to submit their manual applications to TDS officers or at ASK centres up until 31 March 2019. The date for resident taxpayers to submit Form 13 manually is till 31 December 2018. According to Nangia Advisors LLP Par...

See the saving details 80c

Internet-banking-money-transfer-charges-for-imps-neft-rtgs-payment-service-1967005?amp=1&akamai-rum=off

More read click Thanks web pages