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Section 80E: Income Tax Deduction for Education Loan

Section 80E: Income Tax Deduction for Education Loan

As per the Income Tax Act, a taxpayer is allowed to claim deduction under Chapter VI-A for the Repayment of Education Loan (Section 80E) and for the Repayment of Home...

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What is Professional Tax and Professional Tax Slab Rate in India?

What is Professional Tax and Professional Tax Slab Rate in India?

Professional Tax is a Tax which is levied by the State on the Income earned by way of profession, trade, calling or employment. This form of tax was first levied...

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Internship Vacancy in Ministry of Finance

Internship Vacancy in Ministry of Finance

Duration: 2 Months at Different points of time during 2013 Stipend: Rs. 10,000 pm Interested Candidates shall send their applications to: Director (Admin), Department of Expenditure, Room No. 76, North...

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Budget 2013: Tax Impact of Budget on Common Man in India

Budget 2013: Tax Impact of Budget on Common Man in India

The Indian Finance Minister P. Chidambaram presented the India Budget 2013 on 28th February 2013 and the following are the major tax changes that would impact the Indian Common Man:-...

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Service Tax on Foreign Exchange Remittance

Service Tax on Foreign Exchange Remittance

As per law, Service Tax is levied on any service provided or to be provided for a consideration. As Banks & Foreign Exchange Dealers are also providing a service of...

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Income Tax Refund Status: Beware of Fraud Emails

Income Tax Refund Status: Beware of Fraud Emails

If you’ve claimed Income Tax Refund in your Income Tax Return, chances are that you would be eagerly waiting for the Income Tax Department to process your Return and pay...

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Service Tax on Under Construction Property @3.75%

Service Tax on Under Construction Property @3.75%

Service Tax on under Construction Property is levied on the Services provided by Builders or Real Estate Developers or any other person, where Building Complexes, Civil Structure or part thereof...

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Service Tax on Food in Restaurant @ 6% from 1st June 2015

Service Tax on Food in Restaurant @ 6% from 1st June 2015

Every time you go and dine out in a restaurant, the food bill turns out to be more than expected. And then when you go through the Bill in detail...

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Deduction under Section 80TTA :Tax on Interest on Savings Account

Deduction under Section 80TTA :Tax on Interest on Savings Account

We all have a tendency of checking the amount of Interest on Savings Account earned during the year, but do we know the manner in which this Interest is computed...

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Blog – Page 49 – Chartered Club