WebAug 13, 2024 · Income Tax Deductions 2015 - FY 2015 / 2016 (AY 2016/17) ... It is prudent to plan your taxes from April 2015 itself, instead of waiting until late December 2015 ... i have invested 1lakh in PPF AND 10,000 IN lic IN THIS YEAR 2015-16… HOW MUCH TAX I HAVE TO PAY. MY AGE IS 43. Sreekanth Reddy says: WebDec 3, 2014 · 8,060 (per year) Employment Allowance. 2,000 (per year, per employer) 2,000 (per year, per employer) *1 These thresholds are uprated by CPI. *2 The Weekly Secondary Threshold is uprated by RPI. *3 ...
Notices Issued Under the Income Tax Act - ClearTax
WebJan 5, 2015 · The new Forbes 2016 Tax Guide, with advice on preparing 2015 returns, is here. Whether you're about to tackle your 2014 income tax return or planning to reduce your tax bill for 2015 and beyond ... WebNet Tax liability. 121,680. 195,500. The best way to save tax for a salary above 15 lakhs is to opt for the old tax regime and claim all the available deductions and exemptions on tax … macbook need more storage
Income Tax Rates: AY 2016-17 (FY 2015-16) - Smart Paisa
WebApr 12, 2024 · This is because the tax regime opted by an individual will decide how much tax is deducted from their salary income. Not doing proper tax planning will lead to higher TDS from salary income and reduce the take-home pay. Do note that from FY 2024-24, the new tax regime has become the default option. WebJun 23, 2015 · Sir, I am a Govt. employee. Form 16 is not issued to me by the employer for 2015-16. Rs. 11,000/- deducted from my salary as Income Tax. kindly clarify that it is such rules to form 16 issued by the employer … WebFor the 2015/16 tax year, the personal allowance (the amount you can earn before paying tax) was £10,600. This figure has been used within the calculator, and cannot be changed. You can earn £8,060 during the 2015/16 tax year before paying any Employees’ National Insurance Contributions (NICs). If your total income is equal to, or higher ... kitchen drain rough in