Daily Archives: December 20, 2015

Save Income Tax by Tax planning

By | December 20, 2015

Save Income Tax by Tax Planning Save Income Tax by Tax planning if you have Girl Child Save Income Tax by Tax planning by using  Sukanya Samriddhi Account Scheme for girl child of parent /legal guardian under section 80C :- Pursuant to the Budget announcement in July 2014, a special small savings instrument for the welfare of… Read More »

Examples to Calculate Income tax for Employee for FY 2015-16

By | December 20, 2015

Various Examples to Calculate Income tax for Employee for FY 2015-16 (AY 2016-17) Example 1 For Financial Year 2015-16  Assessment Year 2016-17 (A) Examples to Calculate Income tax for Employee  (Male or Female) below the age of sixty years and having gross salary income of: i) Rs.2,50,000/- , ii) Rs.5,00,000/- , iii) Rs.10,00,000/- iv) Rs.20,00,000/-. and… Read More »

How to calculate income tax in case of Employee with handicapped dependent

By | December 20, 2015

Procedure to calculate income tax in case of Employee with handicapped dependent For Financial Year 2015-16 ( Assessment Year 2016-17) Calculation of Income Tax in the case of an employee below the age of sixty years having a handicapped dependent (With valid PAN furnished to employer). S.No. Particulars Rupees 1 Gross Salary 4,20,000 2 Amount… Read More »