Dear all, Pl. help me out I need brief discription on income tax deduction ralated to salary. Pl. guys help me I want to proof myself. Mail Id Ujwalakedar@gmail.com regards, Ujwala :(
From India, Pune
From India, Pune
Dear Ujwala,
Organization is responsible to pay IT of its employees only. Generally our organization we do collect the employees IT estimation sheet (receipts of house rent (paid house rent) and savings of various under sections like 80D, 80DD, 80DB, 80E, 80G,80U, 80C and 80CC and also reimbursements like LTA, Medical reimbursement etc., based on this our IT team will deduct their amount as an IT equally 12 instalments. On the february all employees submit their IT declaration investment form for final tax caluculatin.
kindly let u know our senior suggestions also.
Sreehari
From India, Pune
1Organization is responsible to pay IT of its employees only. Generally our organization we do collect the employees IT estimation sheet (receipts of house rent (paid house rent) and savings of various under sections like 80D, 80DD, 80DB, 80E, 80G,80U, 80C and 80CC and also reimbursements like LTA, Medical reimbursement etc., based on this our IT team will deduct their amount as an IT equally 12 instalments. On the february all employees submit their IT declaration investment form for final tax caluculatin.
kindly let u know our senior suggestions also.
Sreehari
From India, Pune
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls