WebNo. 29 843— 93rd Year Both Associated Press and United Press international c o l o r a d o s p r in g s — s a t u r d a y , o c t o b e r 24 1964 Dial 632*4641 IO* Daft* RO* Three Sections— 42 PAGES P o l i c e ( r i v e ylen Most Tickets I”, what ma> be the switch of the year ‘he Colorado Springs police department announced that it i-'jes more than three times a* … WebStandard deduction was introduced for the salaried taxpayers under Section 16 of the Income Tax Act in the year 1974, but later abolished with effect from Assessment Year 2006-07. Finance Minister Arun Jaitley, in his Budget 2024 speech, proposed to re-introduce standard deduction of flat Rs. 40,000.
form 16.pdf - FORM NO. 16 See rule 31 1 a PART A Certificate under …
WebExplore the national parks through multimedia. Search for photos, videos, webcams, and audio files on any topic. The national park community welcomes you! Together we can celebrate these special places and ensure they exist forever. Subscribe. Web1. Select Entertainment Allowance or Professional Tax under Deductions U/s 16 in Tax Configuration screen, and press Enter. 2. Press Enter to configure the pay head/ledger for the selected allowance or tax. This is similar to Pay Head Configurations discussed earlier. dhan varsha lic policy
Section 16 – Deductions from Salaries - Direct & Indirect Taxes, Tax …
WebJun 16, 2024 · 3. Deduction for professional tax paid on salary income under Section 16 (iii) Certified Tax based on Section 16. The deduction for employment tax is allowed by … WebJan 31, 2024 · Act On Income Taxes- Section 16.pdf 1. Act On Income Taxes- Section 16 Numerous solutions are available under the Indian Income Tax Act of 1961 to lower total taxable income. These tax credits lessen your tax liability, especially if you have a job. Section 16 provides for per capita payment-based deductions from taxable income. WebMar 26, 2024 · Standard deduction; Deduction on entertainment allowance paid by your employer; Deduction on the professional tax of the salary income; Standard deduction under Section 16(ia) – Under Section 16(ia), the standard deduction is a flat deduction allowed on your salary income.It replaced the transport and medical allowance deductibles and was … cif anav