INDIAN TAX SLUP OF AY 2019-2020 For normal citizen aged below 60 year RS. 0 to RS. 2,50,000/+  tax =Nil Rs. 2,50,001 to 5,00,000  = 5% tax + 4% cess Rs. 5,00,001 to Rs. 10,00,00 = 20% tax +  4% cess Rs. 10,00,000   and above = 30% + 4 % cess This slab is for normal citizen of India. For Senior citizen  aged from 60 years but below 80 years RS. 0 to RS. 3,00,000/+  tax =Nil Rs. 3,00,001 to 5,00,000  = 5% tax + 4% cess Rs. 5,00,001 to Rs. 10,00,00 = 20% tax +  4% cess Rs. 10,00,000   and above = 30% + 4 % cess This slab is for senior citizen of India. For Super senior citizen aged more then 80 years Rs. 0 to 5,00,000  = 5% tax + 4% cess Rs. 5,00,001 to Rs. 10,00,00 = 20% tax +  4% cess Rs. 10,00,000   and above = 30% + 4 % cess This slab is for Super senior citizen of India.   Hope this will be helpful to  you.

  LAST DATE OF IT FILE SUBMISSION WITH OUT PANALTY FOR THE A.Y. 2019-20        The l ast date to file your income tax return (ITR) for FY 2018-19. By filing your ITR on time, along with certain benefits such as carry forward of losses, you will also avoid paying late filing fees. If you file your ITR after the deadline you will have to pay late filing fees of up to Rs 10,000. Now, everyone has to file ITRs digitally except for super senior citizens (i.e., aged 80 years and above) who are allowed to file their ITR in paper format. From    Filling After July 31st every one has to give a penalty U/S 234F FROM RS .1000/- TO RS. 10,000/- Now, everyone has to file ITRs digitally except for super senior citizens (i.e., aged 80 years and above) who are allowed to file their ITR in paper format.  The Income-Tax department has now announced a few key changes that a taxpayer must know while filing their Income Tax Return (ITR). The department sent i

Many years ago, there lived a shepherd boy who was bored watching his flock of sheep on the hill. To amuse himself, he shouted, “Wolf! Wolf! The sheep are being chased by the wolf!” The villagers came running to help the boy and save the sheep. They found nothing and the boy just laughed looking at their angry faces. “Don’t cry ‘wolf’ when there’s no wolf boy!”, they said angrily and left. The boy just laughed at them. After a while, he got bored and cried ‘wolf!’ again, fooling the villagers a second time. The angry villagers warned the boy a second time and left. The boy continued watching the flock. After a while, he saw a real wolf and cried loudly, “Wolf! Please help! The wolf is chasing the sheep. Help!” But this time, no one turned up to help. By evening, when the boy didn’t return home, the villagers wondered what happened to him and went up the hill. The boy sat on the hill weeping. “Why didn’t you come when I called out that there was a wolf?” he asked

In which year you assess your tax called ASSESSMENT YEAR. And for which year we assess the tax called Financial Year or Previous Year- IN THE YEAR 2019–20 WE ARE ASSESSING THE TAX OF 2018–19. SO WE CALLED 2019- 20 AS ASSESSMENT YEAR AND 2018–19 IS CALLED FINANCIAL YEAR. Assessment Year- The year immediate succeeding Financial year . The Year in which you file ITR. Financial year- The year immediate preceding Assessment year. The year in which you pay income tax. Example of F.Y. and its A.Y. Lets take a example to understand the concept of Financial Year (F.Y.)  and Assessment Year (F.Y.),  If we take an example of Year  2018-19 which is from 1st April 2018 to 31st March 2019 and if it the year for which you calculation your income and tax on total income, then year 2018-19 is your Financial Year, for that the calculation period start from 1st April 2019  and you can submit your Income tax File for FY 2018-19 FROM 1st April 2019 to 31st March 2020. So, Year 2019-20

    Some benefits of timely INCOME TAX filing BEFORE DUE DATE OR BEFORE TIME- Any losses happen in business/ house property/ capital losses can be carried forward if ITR is filed timely. Else these losses lapse, if filed after due date. Any refunds of excess TDS deducted can be claimed  After due date filing will give a burden of penalty  U/S 234F i.e. Rs 1,000 to 5,000. Tax planning and tax saving opportunities can be optimized if ITR filed in timely. Late filing or files after due date will increase tax burden like interest and late fees. If any one file his income tax declaration in time then his profile in view of income tax department and his CIBIL rating also get heavy. Visa documentation is facilitated (authorities ask for previous 3 year ITRs) Timely filing of income tax declaration will help to get bank loan and other facilities from bank and it will also enlarged your profile in view of bank when you do loan application in any ba

In today scenario the best carrier you get on you tubing and blogging . but if you not familiars with mobile or computer which is must for blogging or you tubing don't be upset be prepare your child as a good human being and smart enough to face the camera and also prepare your child with good writhing skill. But for blogging you should know how to do you article submission , forum posting, creating new idea and unique view about your subject, selecting the write subject is also needed, Once you set your mind in blog writing then you have to learn also how can your blog get ranked in social google search engine and also how can you  get attention from your reader but for that here is many you tube channel for learning. But once if you learn and get a good concept and started to earn then with growing experience your earning will be grow higher and higher. Picture of blogging

   WHO SHOULD FILE INCOME TAX RETURN ? According to income tax act it is mandetary for every individual if there income crossed Rs.2,50000 before giving any deduction. So if your income crossed Rs 2.5lakh then its mandatary for you. But if your annual income dose not crossed Rs 2.5 lakh then also you need to submit your income tax file , as filing of income return is an declaration to words central govt. about your annual return because if you start submitting income tax file before you enters tax slabs then in future if you purchase some luxury product like flat or car from your savings then income tax department dose not ask you about source of money though if they ask you then you can show them that documents as a proof of your income .

  TAX DEDUCTION UNDER SECTION 80C Hi friends our todays todays topic of discuss is tax deduction under section 80C of Indian Income Tax act 1961. Under Section 80 C of the Income-tax, you can claim deduction up to Rs 150000 in one financial year. Section 80 C offers many options for investors. ·          ELSS fund  - Equity Linked Saving Scheme is one of the best options under section 80 C to earn more return with a minimum lock-in period. This investment can generate market returns of 12 to 15 %. Lock in period is only 3 years. Returns and liquidity make this one of the preferred options. ·          PPF  is one of the most favorite debt products in India. The Public Provident Fund (PPF )  Scheme was started by the National Savings Organization in 1968 to promote small savings and investments. It is mainly used for long term investment. It has 15 years locking period. It gives Compounding Interest benefit.  PPF enjoys   EEE status . Contribution to PPF account is eligible

      Hello friends I am Dr. Saubhik pal from Kolkata ..In my previous blog I clearly tell the people about current medicolegal aspect of a physician while practicing in opd or indoor visit.. Bt I am very sorry to say that some peoples of my country became very selfish (specially patient relatives in hospital)..why these things are happening in our society very frequently?why doctors are beaten by patient relatives with out any reason? Is this that society for which we sacrifice our most valuable time of life? It is very easy to say that wrong treatments are happening in govt hospital bt when a patient needs one unit of blood, no patient relatives available...one thing came into mind of patient relatives is if patient is deteriorating then total fault is in doctors and hospital staffs.. Why?if these things are happening again and again then I am damn sure that our society will became doctor free after some time.. So I appealed to people for respect you doctor for your

Hi friends our today's subject is dal lake situated in Srinagar of Jammu and Kashmir India. Srinagar known as summer capital of India. Dal lake is integral to truism  recreation of Kashmir and also an important source of commercial operation in fishing and water plant harvesting. Dal L ake  is 2nd largest lake of the state, it evaluated in Mughal era during the reign of Mugal emperor  Jahangir. The shore line of the lake is about 15.5 kilometers , the lake covers 18 square kilometers and is part of natural wetland which covers 21.1 square kilometers,including floating gardens.   Here is some unforgettable moments of Dal lake of Jammu and Kashmir, the dreamland in India Hope you all like this, support us be sharing in your Facebook and Twitter page

Dum Dum is a place of North 24 Parganas in  west bengal under KOLKATA METROPOLITAN AREA. The  major place is situated at Eastern India. A POPULER PLACE IN WEST BENGAL INDIA DUM DUM AIRPORT In the year 1757 with permission of Nawab of Bengal ,Dum  Dum Cantonment established by British, it is the place where they hanged MANGAL PANDEY the hero of SIPAHI BIDROHO happened in the year 1857. It is the home place of Jeshop and company and HMV SAREGAMA.

    Hi friends I am Subrata Kundu owner of this blog residing at City-Kolkata, State - West Bengal , Country - India . Frinds on 23rd may our parliament election result has declaired. And the ruling party Bharatiya Janata Party(BJP) become the winner with huge majority with their National Democratic Alliance(NDA) and Honourable Mr. Narendra Damodor Modi is become Priminister once again. Now let we discuss what he actually dose in last 5 years, I just simply give you knowledge about his Positive woks and their reflect on common people of in INDIA. 1. Notebandi meens Demonisation One sudden night of 8th November 2016 people of india listen on telivision that the the major note of their currency was banned and the only way is that they can deposit thier thier money in bank. After that anauncement next 30 days lower middle clash people are only busy for depositing their hard earning income to deposit in bank and. And next day to next 3 month all the mazor market

    Basic income in India Refers to the debate and practical experiment with the UNIVERSAL BASIC INCOME (UBI) in India. The central govt. is believed to be working on UNIVERSAL BASIC INCOME for the poor ahead of the general election.    The UBI concept in India  firmed with the intent of Providing minimum income for every indian citizen to fulfill the minimum requirement of living.   UBI is fixed income for every person above 18 years of old , rich poor working or idol  recieved from Indian Govt.     According to Basic Income Earth Network (BIEN), a global network of academics, students and social policy practitioners promoting and serving as a repository of published research on UBI, "A basic income is a periodic cash payment unconditionally delivered to all on an individual basis, without means-test or work requirement .

For individual India tax slab started from yearly income 250000/- then 250000 to 300000 -- 5% then 500001 to 1000000 -- 10% then above rs 1000000 it charged 20% but any individual income less then 350000 after deduction u/s 80, will get rebate on U/S 87A of rs 2500 maximum. So if your income after deduction of section 80 is Rs. 3,12,000/- then u will pay                             Then your tax amount = Rs. 3,100/-.              Less Rebate U/S 87A you get  =Rs. 2,500/- So total Tax in this case is Rs. 600/- + Cess 4% = Rs. 624/- But if your total income after deduction Rs. 3,51,000/- and  as u have crossed rs 350000 slab so u pay Tax =Rs. 5,050/- + Cess  @ 4% = Rs.202/-. There after total tax = Rs. 5,252/- But if your total income is Rs.  3,00,000/- after deduction U/S 80                                                                             Then your Tax = Rs.2,500/-                                                 

An old man live in a village, he was one of the most unfortunate people in the world, the whole village was tired of him, he was always gloomy, he continuously complain and was always in a bad mood.  Day by day his word becomes more poisonous  , people avoid him because  it was become unnatural to become happy next to him. He created the feeling of unhappiness in others. But one day he turned Eighty years  of old and an incredible thing happen. Instantly everyone started hearing the rumor --   "The old man is happy today, he dose not complain about anything, smiles and even his face become freshened up"   The whole villegers gathered together and ask him -  ' What happened to you ' The old man reply- "Nothing special , eighty years i have been chasing for happiness, and it was useless   and then I decide to live with out happiness and just enjoy life. THAT'S WHY I AM HAPPY NOW"   So, friends the moral of the story - Don&

In todays scenarios consultancy is a common profession to earn money with pleasure, so when we looking for a consultant there's plenty of option available and some time we are feeling confused about our choice, Here is the topic come that to find a good consultant what is the characteristics we should notice -- 1. A good consultant mast have a good knowladge about his topic,, what if the consultant has only knowladge but no power or experience to implement that practically? So for selecting a goodconsultant we must notice about sound experience with sound implementation abily for his work. 2. He must know the technique to fulfilled clients need and define the technique for fulfilling his job. 3. Good quality of listen and understanding ability ,, a good consultant treat client  as his friend and should listen every requirement of client carefully 4. Clarification power and future eye,, he should have the power toe future scenario. 5. He should b

Practicing as a physician is very difficult in India nowadays.. There are so many criteria for diagnosis and treatment of any disease.. Many peoples think that doctors are giving too much blood reports for making money from different laboratories and others for simple complaints like fever or cough cold for example... But at the end of the day if studied diseases like dengue or other forms of viral fever which get worsen by time, you will find that prodromal symptoms are very much similar to normal fever and cough and cold. So keep faith in your physician. Report with blood tests at an accurate time..take medicines regularly. And don't blame your doctor for this    

Tax is a contribution to state or central govt. to  build a Country or nation. A nation is only well- established when there people become wealthy. Because if people of  nation get wealthy, then they shell able to pay more tax,  and if people are capable to pay more tax then there govt. can expend more money to improve education , build business structure , and also to build strong defence military and good sports structure. So if govt. spend more money for building there nation then young and children of that nation also get much batter training to get success in life. AND ITS A ECO SYSTEM That to build a good future of child and get smooth structure for success in life every people of nation should pay tax timely.

GOOD MORNING FRIENDS 11 th june is due date of GSTR 1  submission for the month of may 20 th tune is due date for GSTR 2 submission for may 2019. Dont miss due date to avoid panalty.

   KOLKATA THE LOVEBLE CITY OF INDIA  Kolkata (formerly Calcutta) is the capital of India's West Bengal state. Founded as an East India Company trading post, it was India's capital under the British Raj from 1773–1911. Today it’s known for its grand colonial architecture, art galleries and cultural festivals. It’s also home to Mother House, headquarters of the  Missionaries of Charity, founded by Mother Teresa, whose tomb is on site. Thanks for reading please share and comment if like it. Want to be author here contact us

AS PER INCOME TAX ACT under section 56 gift from any blood relation is non-taxable in INCOME TAX  declaration. So if we take that money received from son or parent is a gift from them then it was non-taxable. Thanks for reading please share and comment if like it. Want to be an author here contact us

  Here are some of the important tax changes directly impacting your personal finances that came into effect this year and the dates when they became effective. As new assessment year 2019-20 started, a quick run-down of the main tax  changes implemented during the year would help us in our tax planning and saving efforts. Most tax changes are usually proposed in the Budget (presented in February) and they usually come into effect from the start of the financial year, i.e., April 1 or as mentioned in the Budget documents. Here are some of the important tax changes directly impacting your personal finances that came into effect this year and the dates when they became effective. Penalty on late filing of ITR Though announced in the Budget presented in 2017, a fee levied on the belated filing of INCOME TAX  return (ITR) came into effect from April 1, 2018, and was applicable for returns filed in 2018 for FY2017-18 onwards. The Income Tax Act was amended by inserting a

1 st of all what we have to know is who is eligible for profession tax? Any person engaged in any profession or tread is required to pay profession tax. Means, every doctor, advocate or any professional person or any person or partnership firm engage in any business, or any salaried person eligible to pay profession tax. Profession tax  the tax by the state governments in  India . A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, lawyer, doctor, etc. are required to pay this professional tax. Different states have different rates and methods of collection. In India, professional tax is imposed every month. However, not all states impose this tax. The states which impose professional tax are  Punjab ,  Karnataka ,  Bihar ,  West Bengal ,  Andhra Pradesh ,  Telangana ,  Maharashtra ,  Tamil Nadu ,  Gujarat ,  Assam ,  Kerala ,  Meghalaya ,  Odisha ,  Tripura ,  Madhya Pradesh , Jharkhand and  Sikkim . B