Comment posted on India Budget 2011 by Pankaj Batra
@Ajay
In addition to previous comment, In case a salary earner has income from other sources like dividend, interest etc. and does not want to file returns, he will have to disclose such income to his employer for tax deduction.
Pankaj Batra also commented
- @Shash
If income is only from salaries and bank interest (less than 10,000) and total income is less than 5 lakh, then there is no need to file income tax return.
For income tax computation, download and use income tax calculator (http://www.pankajbatra.com/india/income-tax-calculator-india-2010-2011-2012/) - @Mukund
Read an answer to similar question here: http://www.socialfinance.in/questions/132/per-diem-taxation - @Sandeep
Let me know your questions, i.e. which calculation you want to see. - @Krishnaraj
I will add separate row for same soon.
For now you can use Row 98 for the same. - @Ajay
in case on interest earnings, income tax return will have to be filed as there will be income other than salary also.
Recent comments by Pankaj Batra
- Pay Your Electricity Bills Online In Haryana
@Mona
Please visit electricity office and fill form for connection transfer. You may have to get new connection in your name after existing owner surrenders his connection. - Pay Your Electricity Bills Online In Haryana
@Shallu
Please verify the actual meter reading and what’s mentioned on bill. If there is a difference, you can complain in electricity office. - Emigration clearance not required (ECNR)
@Arun
For US, ECNR/ECR does not matter for any kind of visa. - New Pension System(NPS)
@Vipul
No, amount won’t be refunded after leaving job. - Income tax calculator for 2013-14 and Budget 2013 update
@Srinivas
Yes, you would need to submit medical bills to your employer for making this amount non-taxable.
what about retired pensioners, with an income of around 5 lakhs; which includes pension and interest earnings.
Kindly confirm they will be required to submit i.T. return.
@Ajay
in case on interest earnings, income tax return will have to be filed as there will be income other than salary also.
@Ajay
In addition to previous comment, In case a salary earner has income from other sources like dividend, interest etc. and does not want to file returns, he will have to disclose such income to his employer for tax deduction.
in case on interest earnings, income tax return will have to be filed as there will be income other than salary also. or in case of a salary earner has income form other sources like dividend , interest etc.
Hi,
The income tax calculator sheet for 2011-2012 does not include VPF (Voluntarily Provident Fund) contribution. Could you please update it.
Thanks and regards,
Krishnaraj
@Krishnaraj
I will add separate row for same soon.
For now you can use Row 98 for the same.
I HAVE DOWNLOADED INCOME TAX CALCULATOR FY2010-11 FORM YOUR SITE IT IS AMAZING BUT I UNABLE TO SEE THE CALCULATION OR BIG FIGURE SO PLS PROVIDE ME THE SHEET PASSWORD REQUESTING YOU SIR
Regards
Sandeep
@Sandeep
Let me know your questions, i.e. which calculation you want to see.
Hi Pankaj
I had a question regarding Per Diems. I get a per diem from my company during my stay in US apart from my salary. This is not as per actuals but a fixed amount. When paying my salary and deducting TDS, will this per diem be taken into account
@Mukund
Read an answer to similar question here: http://www.socialfinance.in/questions/132/per-diem-taxation
nil incom tax on salary f.y.2010-2011
is IT RETURN IS REQUIRED FOR THE PERSON WHOSE ANNUAL INCOME IS 5LAKHS.
@Shash
If income is only from salaries and bank interest (less than 10,000) and total income is less than 5 lakh, then there is no need to file income tax return.
For income tax computation, download and use income tax calculator (http://www.pankajbatra.com/india/income-tax-calculator-india-2010-2011-2012/)
MINE SALARY IS 3 LAKHS SO MUCH SHOULD I PAY AS A TAX