The Tax Preparation Blog

Posts Tagged ‘it’

The Life of Steve Jobs – So Far [Apple]

# apple Here’s an idea: How about we stop focusing on livers for a second and look at the good, bad and as he might put it, “insanely great” parts of Steve Jobs life so far? More »

5/28/09: White House Press Briefing

Apocalypse

Question: what are non taxable allowances as per income tax act of India,1961.?

Answer: If u mean the allowances to a salaried person from his employer, then there is none which is altogether non-taxable.
But there r some allowances which r exempt upto a certain LIMIT:
Children Education Allowance: Exempt upto Rs100 per child per month for a maximum of 2 children. Amt. recieved in excess of this is taxable

Hostel Expenditure Allownce: Exempt upto Rs.300 per month per child for a maximum of 2 children.

Transport allowance: Exempt upto Rs800 per month.

Tribal Area Allownce: Rs200 per month

The following allowances are exempt upto the amount spent on OFFICIAL PURPOSES :
1. Travelling Allownace
2. Helper Allowance.
3. Uniform Allownace.
4. Conveyance Allownce.
5. Daily Allownce
6. Academic Allownace.

All other allowances are FULLY TAXABLE.
However, if a Central Govt. employee is posted outside India then all allowances are non-taxable for him.

Datta on the income tax law: A commentary on the Income-tax Act, 1961 with exhaustive case law, related acts, rules, forms, circulars, notifications … subjects of general importance and daily use …

Commercial’s tax deduction and collection at source under Income Tax Act, 1961 $36.97 A comprehensive, exhaustive, and critical analysis of the law with reference to India….

Elements of Indian income-tax: Incorporating the provisions of the Finance act, 1982 and other up-to-date tax laws (Asha publication series) …

Industry tag for hotels may bring in more funds: study

With a view to give a fillip to investments in hotel infrastructure and promote the tourism sector, a study done by trade body Ficci, in association with Evalueserve, has set out a nine-point agenda.

Nada India: A lost Generation and Happy Childhood

Question: How to pay tax in India?

could some one provide website, providing the inforamtion about inida’a income tax.differnt types of income tax..I don’t know about inocme tax…I never paid…but in future i have to pay ..please help me…
Thank you.

Answer: www.allindiantaxes.com

It is No.1 tax site of India having all the details about all the taxes.

How to select the best mediclaim policy in 2010

InvestmentYogi tells you how to select the best mediclaim policy for yourself and your family in 2010.

Success: Internet’s Hottest New Business Opportunity

J.K. Lasser’s Your Income Tax 2011: For Preparing Your 2010 Tax Return $19.95 America’s number one bestselling and most trusted tax guide offers the best balance of thoroughness, organization, and usability. For over half a century, more than 39 million Americans have turned to J.K. Lasser for easy-to-follow, expert advice and guidance on planning and filing their taxes. Written by a team of tax specialists, J.K. Lasser’s Your Income Tax 2011 includes all the outstanding f…

Federal Income Tax: Code and Regulations – Selected Sections (2010-2011) $25.00 CCH’s Federal Income Tax: Code and Regulations–Selected Sections provides a selection of the Internal Revenue Code and Treasury Regulations pertaining to income tax. This popular volume reflects the collective judgment of seven distinguished tax teachers and provides an effective mix of official materials for individual and business undergraduate and graduate tax courses offered in law and busine…

Federal Income Tax: Code and Regulations–Selected Sections (2008-2009) $16.18 CCH’s Federal Income Tax: Code and Regulations–Selected Sections provides a selection of the Internal Revenue Code and Treasury Regulations pertaining to income tax. This popular volume reflects the collective judgment of seven distinguished tax teachers and provides an effective mix of official materials for individual and business undergraduate and graduate tax courses offered in law and busine…

Union anger prompts review of insurance tax

WASHINGTON — Health care negotiators are looking at options for easing a proposed health insurance tax that has angered organized labor, including the possibility of a new levy on the investment earnings of upper-income people.

State Senator John Millner discusses the FY 2010 Illinois budget and income tax increase