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Tag Archives: income
Income Tax on Capital Gains
The Income Tax Act specifies that gains/profits that result from the transfer of capital assets are liable to be taxed as income. To understand the concept of tax on capital… Read more
Income Tax Allowances for Salaried Employees
Allowance is defined as a fixed quantity of money or other substance given regularly in addition to salary for meeting specific requirements of the employees. As a general rule, all… Read more
Income Tax Calculation for FY 2009-10
Income Tax Calculation To calculate the tax to paid for a Financial year, the steps included are : 1) Add all the incomes from different sources to find the Total… Read more
Savings and Investment: What is the Difference?
What is the difference between saving and investment? This article addresses the savings vs investments debate.
