waht is income tax

frnd income tax is d payment u have 2 give 2 d government for income u earn by urself ................................... ....................... jocks apart dear frnd it is d tax charged on ur income if it is more than 1.2 laks PA...income tax government ki taraf se lagaya jane wala tax hai jo aapki earning par lagaya jata hai jo sarkar apni revenue me show karti hai...income tax is certain amt

what is Dividend Income ?

The dividend income can be defined as-Distribution of earnings to shareholders that may be in the form of cash,stock, or property. Mutual fund dividends are paid out of income, usually on aquarterly basis, from interest generated by afunds investments. Also known as a dividend distribution. Dividend income is the income from dividend. A dividend is paid by a company to its shareholders. Dividend

How to pay the tax under the income tax act ?

to this link or website of income tax http://www.incometaxindia.gov.in/ .INCOME TAX ACT, 1961 AS AMENDED BY FINANCE ACT,Content wise Chapter No. Chapter Heading Chapter I PRELIMINARY Chapter II BASIS OF CHARGE Chapter III INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME Chapter IV COMPUTATION OF TOTAL INCOME Chapter V INCOME OF OTHER PERSONS, INCLUDED IN ASSESSEES TOTAL INCOME Chapter VI AGGREGATION OF INCOME

What are various heads of income ?

he various heads of income are:a Salaries;b Income from House Property;c Profits & Gains of Business or Profession;d Capital Gains, ande Income from other sources.While computing income from the above mentioned different heads, the procedure is :-First, the taxable income from each source is to be computed under each head of income by allowing deductions, and then they are aggregated. For example

how to Compute the taxable income?

Given the different sources of income, depending upon the nature of income the tax treatment of the income of the individual varies :- In case of the income earned by the tax payer, all incomes shall be subject to taxation except:-o The incomes subject to exemption ando incomes to be included in the income of others. If individual is a part of a firm, in case of his share in the profits of the firm, his

what is PAN registration, should it is necessary for everyone.

dear, PAN is a unique no. alloted to the assessees who are earning income irrespective of the amount taxable or not. this is an alfa numeric number which shows that you are entitled to submit your return of income. This no. is not necessary for everyone but whose income is taxable they should got thier PAN compulsorly....PAN is permanent account number which is necessary for furnishing income tax

How to calculate Income Tax ... asalary income 650000 bconsulting income100000 cshare-trading income 40000 Vijaykumar?

My gross income is Rs-18000/-but i get only Rs-15000 in hand so can some assist me that income tax is calculated on gross income or the net income?

on net income...Income Tax is calculated on your basic salary, along with some allowances. Fore more information, check out the official website of Income Tax Department. The URL is incometaxindia.gov.in/...As per Income-Tax Act of 1961, income-tax is levied on net and not gross income. Salaried people were allowed standard deduction from their gross income. However, in the budget for assessment year 2006

My gross income is Rs-18000/-but i get only Rs-15000 in hand so can some assist me that income tax is calculated on gross income or the net income?

The taxes calculable and deductable are sometimes internally calculated as well. Apart from the net taxes there can be internal charges to such as PF,PPF etc. So check with your HR and they would be able to explain you their policies in a better way.

In which Incomes TDS is Required

Tax deduction at source means the tax required to be paid by the assesses, is deducted by the person paying the income to him. Thus, the tax is deducted at the source of income itself. The income tax act enjoins on the payer of such income to deduct the given percentage of income as income tax and pay the balance amount to the recipient of such income. The tax so deducted at source by the payer

how to setup outlook to my rediff account

"My incoming mail server is a..."In the Incoming mail POP3, IMAP, or HTTP server box, type "pop.rediffmail.com"In the Outgoing mail SMTP server box, type "Remember password" box.Do not check the boxes labeled "Log on using Secure..."Click "Next."Click "Finish."Incoming Server: pop.rediffmail.comOutgoing Server: smtp

Anyone knows how to get pop access on hotmail?

your email software with the incoming and outgoing mail servers of your email provider Hotmail, Gmail, Yahoo! Mail or else....well;Windows Live Hotmail, commonly known as Hotmail, is a free webmail incoming mail server is a server. Type "in.izymail.com" in the Incoming mail POP3 or IMAP server: field. Enter "out.izymail.com" under Outgoing mail SMTP server:. Click Next >. Type

What is the rate at which tax is computed if, a. the NRI has income only from investments or long-term capital gains or both or addition income with all

Well Neetu! In accordance with the special provision for computing the total income for non-residents contained in section 115D of the Act, where the non-resident income has only investment or income second proviso to section 48 in computing the long term capital gain. Where the gross total income of an NRI includes investment income or long term capital gain and also includes other components

how Computation of Taxable Income of a Company?

The Computation of Taxable Income of a Company as- Ascertain the total income of the company by aggregating incomes falling under following four heads:- o Income from House Property, whether Income from other sources including interest on securities,winnings from lotteries,races,puzzles,etc. Also, income of other persons may be included in the income of the company. But, income under the head

what are the list of tax free income instrument?

As per the income tax department of India several income comes under tax free income. these incomes are given below-1. Agricultural income2. Receipts from Hindu Undivided Family HUF3. Share from a 247 and 47x...The following are 17 important items of income, which are fully exempt from income tax and which a resident individual Indian assessee can use with profit for the purpose of tax planning. 1