Income Tax Archives - Page 3 of 3

Interest Sec. 234A, 234B & 234C for FY 2018-19 of Income Tax Act – Excel Download

May 21, 2019December 5, 2019 Admin

Section 234A, 234B, and 234C of the Income-tax Act, 1961 deals with interest payment as below. Interest in all the cases is payable @ 1% per month. Download the Free Excel calculator of Interest u/s 234A, 234B, and 234C from below link. Section 234A : For delay in furnishing of the income tax return in the time of before due date. Interest is payable only if the return is filed after the due date. Section 234B : For non Payment or short payment of Advance Tax. Tax is to be paid…

Income Tax Calculator for FY 2018-19 (AY 2019-20) – Excel Download

April 28, 2019December 31, 2019 Admin

This is an Income Tax Calculator for the FY 2018-19 (AY 2019-20) and can be downloaded Excel format. This calculator calculates Income from.. Salary, Pension, House Property (1 SOP & 2 LOP) along with Set off & carry forward of HP loss, and Other Sources. This is useful for all the Individuals, viz. Normal Citizen, Senior Citizen & Very Senior Citizen. Income Tax slabs for FY 2018-19 (AY 2019-20) Income Tax slabs for FY 2018-19 (AY 2019-20) General public less than 60 years of Age Senior Citizen (60-80 years of…

Mediclaim Insurance Section 80D

January 27, 2019January 1, 2020 Admin

Medical Insurance Premium (i.e. Mediclaim Insurance) is paid by an Individual either on his/her own health or on the health of spouse, parents and dependent children. Mediclaim policy is taken to cover medical expenses spent on the treatment. For the deduction towards payment of Mdeiclaim Insurance, the conditions mentioned in Section 80D of Income Tax Act. In some companies, an Employer pays the premium & in turn deducts from the Salary of a person (employee) for whom he contributed. Now the question is, Whether the Mediclaim Insurance paid by way of…