Income tax calculator for Financial year 2015-2016

Income tax calculator for Financial year 2015-2016   Please feel free to use Income tax Calculator. For convenience of Tax Payers we have made this in excel. This completely downloadable and you are free to share with your friends and relatives. Download Income Tax Calculator for Year 2015-2016  : You can … Continue reading

Late filing of Income tax Return after 31.07.2014

Due date for filing tax return was 31.07.2014 ( 31 st July ) for all Individuals getting salary and running their own business or profession or working as free lancer. Due date for assessee who are required to get their books audited, the last date for filing return is 30th September. … Continue reading

Which ITR should I use for Filling tax return – ITR 1 or ITR2

Income Tax Return filing last date is 31st july 2014 for non- Audit cases. There is lot of confusion among tax payers, which is the correct income tax form. Whether I should use ITR 1 or ITR 2. Who can use ITR 1 ITR–1 Form is to be used by … Continue reading

Income Tax Calculator for Year 2013-2014 (Assessment Year 2014-2015)

Income tax Calculator for Financial year 2013-2014 (Assessment Year 2014-2015) Please feel free to use Income tax Calculator. For convenience of Tax Payers we have made this in excel. This completely downloadable and you are free to share with your friends and relatives. Income Tax Calculator: Download Free excel based … Continue reading

EPFO to get 8.5% pa interest for year 2012-2013

The EPFO’s board discussed the rate of interest for 2012-13. After detailed discussion, the board decided to recommend a rate of interest of 8.5% for the year 2012-2013. Decision to pay 8.5% interest rate was taken unanimously by the board. The trustees also decided that EPFO will give a permanent … Continue reading

EPF rates may rise for year 2012-2013

The interest offered by the Employees’ Provident Fund Organisation ( EPFO) is likely to rise this year, say sources in EPFO. For year 2012-2013 EPF rates are expected to be around 8.5% EPFO’s interest rate for prevoius year Year  EPF rate of Interest 2012-2013 expected to be 8.5% 2011-2012 8.25% … Continue reading

Increase in Employees Contribution in Provident fund will reduce take home salary

EPFO (Employee Provident Fund Organisation) as issued a circular on 30.09.2012. According to Circular, EPF (Employees Provident) should be deducted on total salary. Total Salary for purpose EPF calculation will be Basic Salary + DA + Conveyance Allowance + House Rent Allowance+ Education Allowance+ Travel Allowance + Medical Allowance+ Night … Continue reading

EPFO launches e-Passbook service for its members

Over 50 million PF subscribers can now access their accounts online as retirement fund body EPFO launched its e-Passbook service today. Who can download EPF pass book Active subscribers whose electronic challan-cum-return is already uploaded, can download their e-Passbook every month under the service launched by the EPFO’s Central Provident … Continue reading