How to open a PPF account Step 1: Head over to your nearest State Bank of India branch, or a branch of any of State Bank’s subsidiaries. You can also open an account in select nationalized banks and the post [Read More]
Apr 292015
Apr 282015
Public Provident Fund – Best investment destination Introduction PPF is money that will be yours forever. Knowledge of the different features of the PPF account will help you when you want to take a loan against the account, withdraw from [Read More]
Apr 272015
Benefits available in EPF A small part of your salary, i.e., 12% of your basic salary is invested in Employee Provident Fund and an equal amount is matched by your employer each month. Here in this article an attempt is [Read More]
Apr 212015
An overview on Professional Tax Meaning of professional tax: Professional Tax is the tax charged by the state governments in India. Any one earning an income from salary or any one practicing a profession such as chartered accountant, lawyer, doctor [Read More]
Apr 082015
Investments allowable as deduction under Income Tax Act This time you all are waiting for submitting your investment declarations to your employer. Investments are one of the major aspects for minimizing your tax bill. The Income Tax Act provides that on determination [Read More]
Apr 062015
Practical case study on computation of income from House Property After discussion basic factors that are necessary for computation of income from house property, now here we can analyse the practical case study on computation of income from house property: [Read More]
Apr 012015
Creation Hindu undivided families – Part 1 Meaning of Hindu undivided families Under the Income-tax Act, a Hindu undivided family (HUF) is treated as a separate entity for the purpose of assessment. Benefit of treating separate entity: HUF become separate [Read More]
Mar 302015
Due dates for the Month of April 2015 06-04-2015 Central Excise – Payment of Excise Duty for all Assessees (including SSI Units) 10-04-2015 Central Excise – Filing ER-1 Return (Other than SSI Units) – Filing Quarterly ER-3 Return by SSI [Read More]
Mar 272015
Raising the limit of deduction under section 80DDB Provisions before budget announcement An assessee, resident in India is allowed a deduction of a sum not exceeding forty thousand rupees, being the amount actually paid, for the medical treatment of certain [Read More]
Mar 232015
Benefits of opening Sukanya Samridhi Account Background Prime Minister Narendra Modi has Launched Sukanya Samridhi Yojna’ with the vision to provide for Girl Child Education and her Marriage Expense What is it? Sukanya Samridhi Account Scheme is a small deposit [Read More]