Swamy's Income Tax on Salaries 2024-2025 (G-7)

............................................................................................................................
Description 
•    Important notes on the provisions of the Income Tax Act relating to tax on salaries.
•    Computation of income from house property, model calculations, filing of income tax returns,
      useful information about the recoveries of advances, court attachment.
•    Solved Problems taking into account the amendments as per Finance Act, 2018.
•    Extracts from Income Tax Act, 1961, as amended by Finance Act, 2018.
•    Extracts of the Income Tax Rules, 1962.
•    Ready Reckoner Tables for Income Tax, etc.
•    A MUST, for every officer paying Income Tax, for every pay bill clerk, for every pay disbursing
      officer and every candidate for JAO and departmental examinations.
............................................................................................................................
Contents  
1.    Income Tax on Salaries
       Introduction
       Assessment Year
       Salient features of the Finance Act, 2017
       Income Tax on Salaries
       Salary
       Valuation of rent-free residential accommodation
       Taxable Income
       Income Tax rates
2.    Whether DA is to be included for purpose of exemption of HRA
       Exemption of HRA
3.    Method of Calculation of Income Tax
       Calculation of total income
       Deductions admissible
       Standard deduction
       Profession tax
       Entertainment Allowance
       Pension Fund
       New Pension Scheme
       Medical Insurance, CGHS, Preventive Health
       Check-up
       Handicapped dependant
       Deductions in respect  of medical treatment
       Education Loan
       Donations
       Physically handicapped assessee
Income Tax
4.    Employer's liability
5.    Relief when salary paid in arrears/advance
6.    Income from house property
7.    Tax Savings Schemes at a glance
8.    Income Tax returns
9.    Extracts from Income Tax Act, 1961
10.  Extracts from Income Tax Rules, 1962  
11.  Recoveries from pay
        Advances from Provident Fund
       Advance for purchase of conveyance
       House Building Advance
       Attachment for debt and maintenance
12.  Solved Problems
       Important points
       Income Tax
       Pay bills
       Practical Questions
13.  Ready Reckoner for Income Tax
14.  Ready Reckoner for Income Tax under Section 115-BAC
............................................................................................................................
Author Details
Muthuswamy
Brinda
Sanjeev