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Showing posts with label Income. Show all posts
Showing posts with label Income. Show all posts

Saturday, 2 May 2020


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.

Monday, 11 September 2017


Download Form 12BB in Word Forma
 
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 Format
Download 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 situationEmployer is liable to issue Form-16 to each and every who have already hold the PAN Card.