Archive for December, 2014
The Income Tax Department has issued the “TDS on Salary” circular for FY 2014-15. http://www.incometaxindia.gov.in/communications/circular/circular17_2014.pdf Please ensure that all tasks (income tax deduction, investment proof scrutiny, etc.) related to salary TDS compliance in your organization for FY 2014-15 are carried out as per the circular.
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Leave a Comment (0) →Article 276(2) of the Constitution of India, which empowers state government authorities to levy Professional Tax (PT), restricts levy of PT on a person by a government authority (such as a city corporation) to a maximum of Rs 2,500 per annum. Article 276(2) – The total amount payable in respect of any one person to […]
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Leave a Comment (8) →What is the maximum deduction available for the interest payment on a housing loan for a self-occupied house property (as of FY 2014-15)? Section 24 of the Income Tax Act provides for deductions on income from house property for the purpose of tax calculation. According to Section 24, where the property has been acquired, constructed, […]
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Leave a Comment (16) →Joyful Payroll
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