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浅析房地产开发企业预售收入在企业。。
Tax implication on Salary Income ; “Salary”;Other items included under Salary;Exemptions under Sec.10(14);Exemption towards reimbursement of Medical expenses;Exemption towards House rent Allowance;If all these conditions are satisfied then HRA is exempt subject to least of the following:
Actual HRA received
Rent paid in excess of 10% of Salary
40% of Salary
For the purpose of this section Salary means Basic + D.A ;
;Exemption towards Leave Travel concession;Deductions available from Salary (Way to save your TAX );
4. Deduction U/s.80DD:
Expenditure incurred for maintenance and medical treatment of a dependent who is a person with disability subject to deduction of Rs.50000/- p.a. or Rs.75000/-p.a. if such person has severe disability as mentioned in the provision.
5. Deduction U/s.80E:
Expenditure incurred on interest on loan (and not repayment of principal amount) taken from any financial institution for the purpose of higher education.100% of interest repayment is allowed as a deduction for 8 successive years beginning from the year in which the repayment starts.
;Deductions available from Salary (Way to save your TAX ) contd… ; Deduction for Housing Loan Repayment;Income Tax Rates;Income Tax rates for Women;Illustration No.1;Illustration No.2;Due Date For Filing your Tax Return;Budget Implications for F.Y 2007-08; ;Contact Us:
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