SEARCHED FOR:TAX OUTGO
Outgoing councillors demand greater powers for the Bruhat Bengaluru Mahanagara Palike
Two corporators who have served as mayors of the city including M Goutham Kumar who completed his tenure last week, said that one year was too short for mayors to execute their plans and vision.
Lower TDS and TCS rates, less PF outgo for 3 months
PF revision will benefit 43 million provident fund subscribers across EPFO and exempted e...
EPF contribution at 10% likely to push up your take home by only 1-2%
As per the analysis, a 4% gross increase of basic wages due to reductio...
MNCs scrutinising tax treaties to gauge DDT outgo
Many are trying to find out if the status of most favoured nation would lead to additional benefits.
Tax optimiser: Salaried Chawla can save Rs 54,000 tax via NPS, LTA
Not only should you ask your employer for the NPS benefit, but you can also ask your company to replace the taxable medical and conveyance allowances in your salary with tax-free perks such as newspaper allowance and leave travel allowance (LTA).
Government lowers employee, employer’s EPF outgo
The change does not increase the employee’s total income, but only ensures that a part of the income that was earlier deposited with the high interest generating EPF, will now be paid upfront. The new scheme would be for three months.
Tax optimiser: Desai can cut tax outgo by Rs 66,000 via NPS, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
HUL Q4 results preview: Strong growth in profit on lower tax outgo, volumes under pressure
Edelweiss has penciled in revenue for the January-March quarter at Rs 10,297 crore.
How to know which income tax slab you fall in?
As your income level increases, income at different levels will be taxed at different rates which are called the slab rates. To know how much is your income tax liability in a financial year, it is important to know which income tax slab you fall in.
Tax optimiser: How HRA, NPS can help bring down Rao's high tax to zero tax
Taxspanner estimates that Rao can reduce her tax to nil if her pay structure is rejigged to include some tax-free allowances, her company offers her the NPS benefit and she pays rent to her mother to claim HRA exemption.
Tax outgo of merged state-run banks, general insurers to see substantial fall
While this is mainly an accounting entry, not allowing carry forward in mergers could pose huge tax burden for PSU banks and insurance companies as many of the entities being merged have substantial depreciation and losses in their books.
Budget 2020 should cut tax outgo by changing sec 80c, family pension laws
Deduction under section 80C is a deduction from gross total income which can be claimed for investment in specified avenues, expenditures up till a specified limit. The existing maximum deduction available under this section is Rs 1.5 lakh, set in 2014.
Tax optimiser: NPS, perks can help Yadalam reduce tax outgo by Rs 87,000
Yadalam should opt for the NPS benefit offered by his company. Under Sec 80CCD(2), up to 10% of the basic salary put in the scheme is tax free.
Pharma shines in advance tax pay
When it comes to advance tax payments, pharma has emerged as one of the outliers with the sector showing a higher payout this quarter, while real estate, infrastructure, steel and cement were among segments that crumbled under the weight of the coronavirus-induced lockdown.