HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE Whereby any portion of assessee’s salary is received in arrears or in advance or by reason of his having received in any one financial year salary for more than 12 months or payment which under the provisions …Read More »
What are the benefits of Income Tax Section 80D for Medical Insurance Policy With Automated Income Tax Master of Form 16 Part B (which can prepare at a time 100 employees Form 16 Part B) for the F.Y. 2019-20 in a new format.
Section 80D of Income Tax allows you to claim income tax benefits. Let’s try to check out detail about Section 80D and Health Insurance. Health-related problems or medical emergencies can arise anytime. If you are not prepared to withstand a health emergency, you will need to spend money from your …Read More »
Revised Format of Income Tax Form 16 With Automated Master of Form 16 Part B with Form 12 BA for F.Y. 2019-20
The Income Tax the department has revised Form-16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. It will also include segregated information regarding deductions under various tax saving schemes, investments in tax savings …Read More »
HRA (House Rent Allowance): All you Need to Know House Rent Allowance, or commonly known as HRA, is an amount that is paid by employers to employees as a part of their salaries. This is basically done as it helps provide employees with tax benefits towards the payment for accommodations …Read More »