Many individuals procrastinate whilst
it comes to submitting their income tax returns, particularly
folks who are filing their tax returns for the first time.
All character taxpayers having a total income of more
than Rs. 2.5 lakh (Rs. three lakh for senior residents and
Rs. five lakh for brilliant senior residents) are required
to report the earnings tax returns on or earlier than the
due date. Even if it isn't always obligatory for you, filing
a "Nil Return" can help you set matters on the
record. The following are a number of the suggestions to ensure
which you are filing your tax return effectively
and in a hassle-unfastened manner.
Showing posts with label Income. Show all posts
Showing posts with label Income. Show all posts
Saturday, 2 May 2020
Monday, 11 September 2017
CBDT has recently notified new form
12BB to claim a tax deduction on LTA (Leave Travel Allowance), HRA (House
Rent Allowance) and Interest paid on home loans. As per new rules, you need to
submit your proof of travel in new form 12BB for claiming LTA benefits. In
addition to this, you need to furnish detail of HRA and deduction of interest
borrowing in the same form. This new notification is applicable from 1st June
2016. Earlier also employers were taking a declaration from an employee.
However, there was no standard format for the same. Introduction for this new
form will standardize the process.
Download New Form 12BB for LTA, HRA & Interest Deduction
Download Form 12BB in Word FormatDownload Form 12BB in Excel Format
How to fill up New Form 12BB?
You need to first furnish your name, address, PAN
card number and financial year in the form 12BB. After furnishing this
information you need to go to the respective section and fill out information.
Thursday, 29 June 2017
This is the common demand regarding issuing of Form-16 by the Employer to Employee, even if Employer not deducts any Tax from drawn salary. What shall happen when Employee want's his Salary Certificate Form-16 for the same year. In such situation, Employer is liable to issue Form-16 to each and every who have already hold the PAN Card.
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