Tick if, total turnover or gross receipts of the company in the previous year does not exeeds 50 crore rupees. Tick if, total turnover or gross receipt of the company in the previous year does not exceed crore rupees.
Tick if, company opted and qualify under section BA. Tick if, company opted and qualify for section BAA. Tick if, company opted and qualify for section BAB. Net Taxable Income. Education Cess. Capital gains arising from long term investments in Equity. Holding period for long term captial gains in equity is more than or equal to 1 year.
Capital gains arising from short term investments in Debt instruments. Capital gains arising from long term investments in Debt Instruments. Holding period for long term captial gains in Debt Instruments is more than or equal to 3 years. Capital gains arising from short term investments in Unlisted shares.
Holding period for short term captial gains in unlisted shares is less than 2 year. Capital gains arising from long term investments in Unlisted shares.
Holding period for long term captial gains in unlisted shares is more than or equal to 2 years. Capital gains arising from short term investments in Real Estate or Land. Holding period for Short Term Captial gains from real estate or land is less than 1 year. Capital gains arising from long term investments in Real Estate or Land.
Holding period for long term captial gains from real estate or land is more than or equal to 2 years. Total annual premium paid towards medical or health insurance policy for Self or Family. This investment is over and above the specified investment limit of 1.
Total expenses incurred in running the business like office rent, client meeting expenses, contracting expenses, etc. Amount paid as donations to charitable organisations, eligible for tax deduction under section 80G. Total Interest paid during the entire financial year towards a loan for higher education. Total interest paid towards an ongoing home loan for a self occupied property, during the financial year.
Total interest paid towards an ongoing home loan for a rented out property, during the financial year. Come the end of the financial year, and most employees have only one thing on their minds, and that is income tax. As the name suggests, income tax is a direct tax that is levied on the income that an individual earns. This tax earned is then used by the government for a variety of purposes like building public infrastructure, public welfare projects etc.
Let us explain how this works in detail. As the name suggests, tax deductions help to save tax on your total income. There are certain investments that help you bring down tax - these include life insurance plans, health insurance plans, retirement schemes or even NSC.
Select Yes No. Tick if, total turnover or gross receipts of the company in the previous year does not exeeds 50 crore rupees. Tick if, company opted and qualify under section BA. Income from Salary.
Income from Salary Income from salary after standard deduction of Rs. Income from Self-occupied Property. Interest on Housing Loan. Income from self-occupied house property. Income from Let-out Property. Less:Unrealized Rent. Less: Deductions from Net Annual Value. Income from Let-out House Property. Capital Gains Show Details. Winnings from Lottery, Crossword Puzzles, etc. Dividend income in excess of Rs. Profits and Gains of Business or Profession enter profit only.
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