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What is basic exemption limit under wealth tax for A.Y 2010-2011?  

Asked in Personal Finance & Tax at 3:12 AM on April 23, 2010

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shikha Lalwa
shikha Lalwa
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who r the persons have a PAN card, they must file a returns to the Income tax dep.. This condition is right r not ....... the example is

under the five heads before allowing for any deduction such as insurance premium, exceeds the basic exemption limit. For financial year 2007-08 assessment year 2008-09, this exemption limit was Rs 1 is compulsory for every person whose gross total income, that is, the income under the five heads before allowing for any deduction such as insurance premium, exceeds the basic exemption limit. For financial year

Posted in Computers & Technology by Vishnu at 12:16 AM on September 05, 2008

Basic exemption limit for a.y 2012-13?

Hi,In income Tax Slab for ay 12-13 / fy 11-12, basic tax exemption limits are same as in the old tax slabs but the Indian finance ministry has broadened the tax slabs for men and senior citizens. The threshold income tax exemption limit for men has been revised to Rs 1,80,000 than the previous limit of Rs 1,60,000. There will be a minimum saving of Rs 2000 in income tax than previous year

Posted in Personal Finance & Tax by Anonymous at 5:32 PM on February 11, 2012

one person have a PAN card from 2 years. But till now he dont make a any return. His income is below 100000 pa. he will punished by income tax dep.........

premium, exceeds the basic exemption limit. For financial year 2007-08 assessment year 2008-09, this exemption limit was Rs 1.45 lakh for women below the age of 65, Rs 1.95 lakh for persons above 65, and Rs, exceeds the basic exemption limit. For financial year 2007-08 assessment year 2008-09, this exemption limit was Rs 1.45 lakh for women below the age of 65, Rs 1.95 lakh for persons above 65, and Rs 1

Posted in Computers & Technology by Vishnu at 12:16 AM on September 05, 2008

wat is hra??how it taxed?????

HRA- House Rent Allowance. It will be 40 or 50 of Basic Salary depending on the City/town you live.When calculating tax exemption, Lowest amount out of following 3 things will be exempted from lowest of 3 1.HRA-4,000;2.Rent paid -4,000;3-HRA - 10of Basic-Rs.4000-Rs1000-3,000;, which is Rs.3,000 will be exempted from Taxable income. So we should always show the Rent at least 20 more than

Posted in Personal Finance & Tax by jasvinder at 6:40 AM on September 30, 2007
Tags hrahow, taxed

how to calculate capital gain tax

to Rs.1,00,000 which is equal to the basic exemption limit. Hence, this income will be tax-free. However, long-term capital gain of Rs.20,000 will suffer tax 20. Example B:The assessee has following in other incomes of Rs.85,000. This requires application of Section 111A and 1121. Other incomes of Rs.85,000 falls short of basic exemption limit of Rs.1,00,000 by Rs.15,000. Hence, there is an option

Posted in Personal Finance & Tax by priyanka at 1:30 AM on July 26, 2008

I inherited a large sum of money. Do I need to pay any tax for that?

relatives are exempt without any limit.The purpose of the provision is to tax primarily gifts from non-relatives including from friends from abroad. This basic exemption of Rs 25,000 from non...for clarity give me the nature of transaction...You havent mentioned if your inheritance is from a relative or a non relative.The basic exemption initially was Rs 25,000 for non relatives. However, gifts from

Posted in Personal Finance & Tax by advice101 at 7:58 PM on September 29, 2007
Tags tax

Give chart income tax excemption limit on every field and section?

Income Tax for the assessment year 2010-11,1. For salaried individual male: The basic exemption limit is upto Rs.1,60,0002. For salaried Individual female: The basic exemption limit is upto Rs.1,90,0003. For Senior Citizens Both male & female: The basic exemption limit is Rs.2,40,000

Posted in Budget by RUPESH singh at 7:31 PM on August 17, 2009

what is visual basic?

hi satya Visual Basic VB is a third-generation event driven programming language and associated development environment from Microsoft for its COM programming model.[1...] Visual Basic was derived from BASIC and enables the rapid application development RAD of graphical user interface GUI applications, access to databases using DAO, RDO, or ADO, and creation of ActiveX controls and objects

Posted in Computers & Technology by satyaiitk at 11:12 PM on May 17, 2008
Tags visual, basic

what is visual basic?

hello rocky Visual Basic VB is a third-generation event driven programming language and associated development environment from Microsoft for its COM programming model.[1...] Visual Basic was derived from BASIC and enables the rapid application development RAD of graphical user interface GUI applications, access to databases using DAO, RDO, or ADO, and creation of ActiveX controls and objects

Posted in Computers & Technology by Rocky at 5:01 PM on May 09, 2008
Tags visual, basic

what is visual basic?

, there is no limit to what you can program! There are many such program in this tutorial, so you must spend more time on the tutorial in order to benefit the most.VISUAL BASIC is a VISUAL and events driven ProgrammingVisual basic evolved from BASICBeginners All-purpose Symbolic Instruction Code. The BASIC language was created by Professors John Kemeny and Thomas Kurtz of Dartmouth College in the mid 1960s

Posted in Computers & Technology by jeenu at 3:32 PM on April 24, 2008
Tags visual, basic

What are the exemptions available from capital gains tax?

Well, There is no exemption available to short term capital gains arising from sale of shares or securities. LTCG from sale of shares or securities is exempt from tax if the transaction has suffered STT. However if the LTCG is taxable, then exemption is available if the entire capital gain is invested in eligible government bonds, within a period of 6 months from the date of sale of the asset

Posted in Personal Finance & Tax by keshav at 1:19 AM on October 09, 2008

What is VB and what is it used for?

, there is no limit to what you can program! There are many such program in this tutorial, so you must spend more time on the tutorial in order to benefit the most.VISUAL BASIC is a VISUAL and events driven Programmingwell,Visual Basic VB is a third-generation event-driven programming language and associated development environment IDE from Microsoft for its COM programming model.[1...]Visual Basic was derived from

Posted in Computers & Technology by Anu at 5:32 AM on October 01, 2008
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