Lambi innings ki taiyari

Retirement planning is one of the most important goals in the life of an individual. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. The post-retirement life is expected to be as long, with increase in life expectancy and hence…

Now PAN allotment only after verifying original documents

The procedure for PAN allotment process will undergo a change with effect from February 3, 2014. Applicants for Permanent Account Numbers (PAN) will have to produce original documents of proof of identity, address and date of birth for verification at the time of applying. Copies of proof of identity, address and date of birth attached…

Income Tax Slabs:FY 2013-14

For resident Individuals For Men & Women Below age 60 year Percentage Upto – 2,00,000 NIL 2,00,001 to 5,00,000 10 % 5,00,001 to 10,000,00 20% Above 10,00,000 30 % For  Senior Citizens (Age 60 to 79 years) Percentage Upto  2,50,000 Nil 2,50,001 to 5,00,000 10 % 5,00,001 to 10,00,000 20 % Above 10,00,000 30 %…

Tax Declaration Form 15G/15H

We are receiving queries regarding New Form 15G/15H, its benefits and procedure of filling & submission of Forms. Here we are sharing the complete details Form 15G/15H are Self-Declaration Forms required for Non-Deduction/Lower Deduction of TDS on Interest in Fixed Deposits. Form 15G: This is the form which is filled by any individual below the…

Good Bye to 80CCF Infra Bonds ?

All individual are asking about benefits of the Budget 2012 but no body caring about losses . Nothing has been mentioned about deduction of 80CCF . As per present rule 80CCF is allowed for FY 2011-12,as the same has not been enhanced in Finance Bill 2012. There will no deduction u/ s 80CCF in the…