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
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
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
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
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
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
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
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
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
, 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
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
, 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