Karmendra 1

• asked May 24, 2011

Gratuity time period clarification

Hi Pankaj, I was in my last organization form 1st Dec 2005 till 30th Nov 2010, to me it seems like complete 5 yrs. but they are saying I am one day less in completing the 5 yrs period and I am not eligible to receive gratuity. Please let me...

employer 5-year-term gratuity

0 votes

1 answers

2572 views

tejmaljain 1

• asked May 24, 2011

tax implications

ICICI Bank has told that they can not accept cheque from employer. So employer's cheque has to be deposited in my a/c and my cheque is to be given to ICICI Bank for deposit in NPS a/c. Is this correct procedure ? Employer's contribution up ...

tier-1 employer-contribution new-pension-scheme nps

0 votes

1 answers

1782 views

Naren 1

• asked May 23, 2011

Relience diversified power sector fund

I am investing in above fund through SIP for last two years, but in current situation returns are not godd. even it is not equal to to money what i'hd already invested. Suggest whether it is good to continue investing in above mutual fund o...

reliance-power sector-fund diversified mutual-fund investment

0 votes

1 answers

1789 views

PMD 1

• asked May 22, 2011

Dividend Income from MIPs of Mutual Fnds

Currently, dividend income from periodic income plans (monthly, quarterly etc) of mutual funds e.g. Reliance MIF (MD) is exempt from income tax. Will this change in the new direct tax code, to be implemented from April 2012

dividend-income dividend mutual-fund direct-tax-code

0 votes

1 answers

1476 views

manish_TAX 1

• asked May 22, 2011

LTA claim and Leave

Hi Pankaj, I have a small query. I have never claimed for LTA. I want to claim for my last year november trip. From 22-28 November. I have taken leave from 22-26 Nov 2010. But trip was from 22-28th November. 27th/Nov (Sat) and 28th Nov (Sun...

leave-travel-allowance exemption income-tax lta

0 votes

1 answers

2214 views

Hemant Joshi 1

• asked May 21, 2011

INCOME TAX INDIA-DOUBLE TAXATION

I HAVE PAID RS 140565/- ON MY INCOME(SALARY + HOUSE PROPERTY INCOME).COMPANY HAS MENTIONED THE AMOUNT OF 140565/- IN FORM-16 ACCORDINGLY I HAVE RETURNED THE FILE. BUT LATER ON I DISCOVER THAT COMPANY HAS DEDUCTED TAX ON COMPANY LEASE(RS 223...

income-tax-refund tds form-16 income-tax

0 votes

1 answers

2413 views

mansacity 1

• asked May 21, 2011

Tax on LTCG if no other income

I want to know if a person having say 2.5 lacs LTCG on land and do not have any other income. What would be the tax liability. Whether it will be 20% on 2.5 lacs or first 1.9 lacs will be duducted form 2.5 lacs and remaining 0.6 lacs will b...

non-taxable taxable-income long-term-gains ltcg income-tax

0 votes

1 answers

1929 views

lafifi 1

• asked May 20, 2011

Education Loan Strategy

Hi, I have Rs 4 Lakh savings, and my MBA education fees are Rs 5 Lakhs. I am considering if I should take an education loan of Rs 5 lakhs(while investing in mutual funds) or Rs 1 lakh(while using my savings to pay the fees) @ 12.5% monthly ...

rate-of-interest investment education-loan savings

0 votes

1 answers

1350 views

ajit_72 1

• asked May 20, 2011

Taking home loan to invest long term capital gain

I purchased land in Gurgaon in March 2011 for 80,00,000 from my own and borrowed money. Later, in April 2011, I sold my apartment in Chandigarh (not self occupied) for 90,00,000 and used that money to repay the loans and manage my finances....

long-term-gains ltcg home-loan income-tax

0 votes

1 answers

1988 views

atulmukne 1

• asked May 20, 2011

VPF Options in Tax Calculator 2011-12

Thanks Pankaj for your support in preparation of income tax calculator sheet for the year 2011-12. In our organisation, we have VHF (additional PF) option to all the employees. That is not reflected in this calculator sheet.We have to show ...

vpf income-tax-calculator income-tax

0 votes

1 answers

4201 views