Professional Documents
Culture Documents
Heads of Income
07/19/15
0 to 2,20,000
2,20,001 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
Education Cess:-
07/19/15
No tax
10%
20%
30%
@3% on Tax
0 to 2,20,000
2,20,001 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
Education Cess:@3% on Tax
07/19/15
No tax
10%
20%
30%
0 to 2,50,000
2,50,001 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
07/19/15
No tax
10%
20%
30%
0 to 5,00,000
5,00,001 to 10,00,000
Above 10,00,000
07/19/15
No tax
20%
30%
ELSS-Mutual Funds
NSC
LIFE INSURANCE
PPF
PF
07/19/15
Section 80 C
ULIP
STAMP DUTY PAID ON PURCHASE OF HOUSE
FIXED DEPOSIT FOR 5 Yrs
BONDS
POST OFFICE TIME DEPOSIT ACCOUNT
TUITION FEE- (Up to 2 children)
Max. Limit Rs.100000/-.
07/19/15
07/19/15
07/19/15
10
Exemptions under
Section 80 D
Medical Insurance on Self, spouse, children or
parents
Rs.15000 for self, spouse, children.
An additional deduction of Rs.15000/- in respect
of premium paid for parents.
If parents are more than 60 Yrs extra sum will
be 20,000/-.
Thus Max.Rs.35000/07/19/15
11
Exemptions under
Section 80 DD
12
Exemptions under
Section 80 E
07/19/15
13
Exemptions under
Section 80 G
07/19/15
14
15
Exemption under
Sec.80 GG
16
Taxable Amount:
Actual Amount Paid per day less Rs.100/per day.
Tax @ eligible Slab Rate
Add: Tax on tax @ eligible Slab Rate
Tax will be borne by LIC
A/c Code-113015 (Other Staff Amenities)
07/19/15
17
Tax on Reimbursement of
News Paper/ Magazine
07/19/15
18
07/19/15
19
20
Conveyance Allowance
paid to employees
07/19/15
21
Medical Allowance
given to employees
07/19/15
22
Professional Tax
07/19/15
23
07/19/15
24
07/19/15
25
Thank you
07/19/15
26