Mar 30, 2010

Notification About Deposit the banking instruments in PPF account

12:40 PM 0
Notification About Deposit the banking instruments in PPF account

New circular regarding payment of PPF with cheque or demand draft.
Earlier when someone makes the payment of public provident fund, the date of deposit the cheque or demand draft was treated as the date of payment of Public Provident fund subject to realised of cheques or demand draft.
A new notification dated 29-03-2010 was issued by Public Provident Fund department stated that now the date of submission of payment will be treated, the date on which the banking instrument are realised and not the date of submission
Full Notification is as under
Public Provident Fund Scheme, 1968 : (1) Clarification regarding reckoning of the date of deposit (2) Reiteration of instructions on opening of an account for a minor

Circular No. DGBA.CDD. H-7530/15.02.001/2009-10, dated 29-3-2010

1. Reckoning the date of deposit in case of cheque payment:

(a) As you are aware, in terms of Ministry of Finance letter No. F. 3(9)-PD/72 dated September 4, 1972, in the case of Public Provident Fund Scheme, 1968 (PPF) "when a subscriber makes a deposit by local cheque or demand draft, the date of tender of cheque or draft at the Accounting Office is treated as date of deposit,provided the related cheque is honoured on presentation for encashment." However, in case of all other Small Savings Schemes of the Government of India (GoI), such as, Post Office Savings Schemes (POSS), as also Senior Citizens Savings Scheme, 2004 (SCSS), if the money is deposited in the account by means of a cheque (local or outstation), the date of encashment of the cheque is treated as the date of deposit.
(b) In order to bring uniformity in the reckoning of the date of deposit in the PPF vis-à-vis POSS and SCSS, the GoI, vide their letter F. No.7/7/2008/NS-II dated February 10, 2010, have decided that hereafter in modification of Ministry of Finance letter No.F.3(9)-PD/72 dated September 4, 1972 "when a deposit is made in the PPF account by means of a local cheque or demand draft by the subscriber, the date of realization of the amount will be the date of deposit."
(c) You may bring this to the notice of your branches undertaking PPF business and ensure that the same is also incorporated in the computerized system. The information should also be duly displayed at the branches for awareness of the customers.

2. Opening of an account for a minor:

(a) In view of complaints being received about non-opening of accounts for minor by some Agency banks, it is reiterated that as per Rule 3 (1) of PPF Scheme, 1968, an individual may, on his own behalf or on behalf of a minor, of whom he is the guardian, subscribe to the Public Provident Fund. Further it is reiterated that as clarified, vide Ministry of Finance letter F.7/34/88/-NS II dated November 17, 1989, either father or mother can open a PPF account on behalf of his/her minor child but not both.
(b) You are advised to reiterate these instructions to your branches operating the PPF Scheme.
Want more about Public Provident Fund go to PPF

Mar 26, 2010

ITR-6 E-FILING INCOME TAX RETURN FOR COMPANIES

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ITR-6 E-FILING INCOME TAX RETURN FOR COMPANIES

SUBMIT OF INCOME TAX FOR COMPANIES.
E-Filing for income tax for companies is always a tough task as companies include a lot of complexities and a lot of accounts to be prepared for returning income tax return.
Income tax department has issued a excel based e-filing software for returning income tax for the assessment year 2009-10. In this software one need to submit some neccessary information and return is ready. No need to worry and no hassle whatsoever. Moreover this software is issued by income tax department so no problem of validity too.
These need to inculde for IT-RETURN
  • A copy of last year's tax return
  • Bank Statement
  • TDS certificates
  • Interest statement showing interest paid to you throughout the year
  • Profit and Loss Account
  • Balance Sheet
For downloading the ITR-6 GO TO
ITR-6 E-FILING INCOME TAX RETURN FOR COMPANIES

Mar 24, 2010

Health Insurance Policy Mediclaim and Income Tax Rebate

10:30 PM 0
Health Insurance Policy Mediclaim and Income Tax Rebate: "1- In the medicaim policy, the premium is based on age, means the more you younger less the premium and more you older high the premium. This is because it’s a high percentage of become ill or some disease in older age. Mediclaim policy has the routine of same premium upto 35 years and trends to increase the premium for upper ages.

2- In this mediclaim policy both individual as well as H.U.F can be covered in the mediclaim policy.

3- Entry age for Mediclaim:- mediclaim is available to the persons of 18 years to 59 years with these exeptions.

- any person can renew his/her mediclaim policy upto 80 years of age.


- Children who is above 3 months can be covered of his parents mediclaim policy after paying a bit high premium for covering the child."

Corrigendum in notification from income tax department

1:43 PM 0
Corrigendum in notification from income tax department
CBDT has issued Corrigendum in the Notification of Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct taxes), number 9/2010 dated 18-02-2010 bearing S.O. 424(E) and published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated 18th February, 2010
Full Notification is as under

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART –II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
CORRIGENDUM
New Delhi, the 23rd March, 2010.
INCOME-TAX
S.O._____(E) In the notification of Government of India, Ministry of Finance,
Department of Revenue (Central Board of Direct taxes), number 9/2010 dated 18-02-
2010 bearing S.O. 424(E) and published in the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (ii), dated 18th February, 2010 –

(i) at page 31 of the Gazette Notification, in fourth line of clause (i) of sub-rule (3),
for “Form No.27B”, read “Form No. 27A”;

(ii) at page 32 of the Gazette Notification, in eighth line of Rule 37A, for “shall
send within fourteen days from the end of the quarter”, read “shall send on or
before the 15th July, the 15th October, the 15th January in respect of the first
three quarters of the financial year and on or before the 15th June following the
last quarter of the financial year”; and

(iii) At page 32 of the Gazette Notification, in Rule 37A, the proviso shall be
omitted.

2. The other contents of the Gazette Notification shall remain unchanged.
Notification No. 18/2010/F.No.142/27/2009-SO(TPL)
(M.RAJAN)
Under Secretary (TPL-III)

Mar 23, 2010

All About Health Insurance Mediclaim

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All About Health Insurance Mediclaim
Health insurance: - Health insurance is the insurance which protects from any health emergencies & incurred hospitalization expenses. In this busy and hectic life everybody should have a health insurance policy which can be very useful in emergencies.
Health insurance also known as mediclaim policy means medical policy which have the same meaning.
Why Mediclaim policy needed?
1- Every human suffers from some illness or injury in lifetime.
2- Emergencies or illness can come anytime without giving any warning.
3- There are no good facilities in government hospitals whereas private hospitals are too expensive.
4- Doctor’s fees, diagnostic charges as well as the medicines value are too expensive.
5- Health is wealth.
When should the Mediclaim policy take?
Young age, yes this is the right reply for this question because the premium tends to increases with the age and insurance companies gives “no claim bonus” for every year in which no claim is taken against insurance policy. Also this policy also comes with tax benefit of 80D of income tax.
Types of policy
There are 3 types of Mediclaim policies.
1- Group Insurance: - Group insurance is the insurance in which a group of people of same nature of work under a policy insured. E.S.I is the good example of this policy.
2- Individual Insurance: - individual insurance is the insurance to one person.
3- Floater: - Floater is the insurance plan in which you and your family insured in one plan. The value of sum assured can be used either one person or all divided on one plan. This plan is very popular among Indians as it insured all the family in one plan. Although, the premium amount under this plan is slightly higher than individual insurance plan.
All About Health Insurance Mediclaim

Mar 22, 2010

TDS rate Higher if PAN not Quote filling Form 15G and 15H

10:45 PM 0
TDS rate Higher if PAN not Quote filling Form 15G and 15H
As you know this is the high time of Paying Tax Deduction at Source (TDS). Income tax department has issued a new provision about TDS under income tax act 1961, in this act it is stated that Tax Deduction at Source (TDS) will be charged at high rate means (20% normally) if Permanent Account Number (PAN) is not furnished with depositing TDS amount under the Form 15G and 15H.This rule also applies to NRI as well as residents of India. Under this provision, No deduction or deduction at lower rate will only be allowed if the application bears PAN of the applicant/deductee. The rule of deducting higher rate of TDS if PAN not furnished applies on or after 01-04-2010
To know more go to
TDS rate Higher if PAN not Quote filling Form 15G and 15H: "

Mar 21, 2010

Government increases Dearness Allowance by 8%

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Government increases Dearness Allowance by 8%
Looking to rising prices of goods & service and specially the basic food products, the government increases the dearness allowance to the central government employees by 8%. This will be in effect from 1st January-2010.
Last year too on 1st January 2009, dearness allowance was increased by 6%. This allowance increased will benefit to central government employees.
Around 50 lakhs central government employees with pensioners will get benefits from increase of dearness allowance.

Mar 19, 2010

EXCEL BASED CALCULATOR FOR LOAN EMI

6:32 PM 0
EXCEL BASED CALCULATOR FOR LOAN EMI
If someone has taken the loan (home, auto or any type of). He/she needs to pay the E.M.I. (equal monthly installments) which is consisting of principal as well as the interest. But it is quite difficult to calculate the E.M.I as well as differentiate thee principal amount and the interest amount out of E.M.I. The nature of loan is that as you pay along the E.M.I’s the principal amount increases out of emi and interest reduces.


So I am presenting a loan emi calculator which calculates the E.M.I for your loan amount as well as part it to principal and interest. The features of this calculator are as follows:-
1- It is an excel based calculator.
2- One needs to submit only Loan amount, interest rate & tenor of loan.
3- The remaining calculation will be automatic.
4- It will calculate the equal monthly installment amount with both diminishing interest rate as well as fixed interest rate.
5- Tell outstanding amount after each emi.
6- It is all to all solution for loan amortization schedule.
7- The graph of loan as well interest will also show in this calculator.
8- You can also make some extra payment each month in this calculator.
9- Applies for all type of loan like home loan, auto loan etc.

EXCEL BASED CALCULATOR FOR LOAN EMI

Mar 17, 2010

All About Permanent Account Number PAN

11:40 PM 0
PAN permanent account number is the unique number issued by income tax department to individual, HUF, firm or companies. Income tax department also issue PAN card on which the permanent account number, holder name, a logo of Indian government are printed. Incase of individual PAN card the father’s name, date of birth and a picture of the PAN card holder as well as the signature of the holder also printed


Use of PAN card
If you think PAN cards only required for income tax purposes than this is not correct .for income tax purposes, only PAN number is required not the PAN card. Photocopies of PAN card is required in many places to prove your identity and some financial measure such as bank account opening, mutual fund application, for purchase of property, demat account etc.
How to apply for Pan Card:-
There are three options to apply for a new PAN card
  1. Know nearest Tin-fc to apply for a new pan card.
  2. Tin-PAN centers
  3. your nearest UTI pan application centre.
To know more go to
All About Permanent Account Number PAN

Mar 16, 2010

INCOME TAX RATES IN NEW TAX CODE

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INCOME TAX RATES IN NEW TAX CODE


Ministry of Finance, has released a new DIRECT TAX CODE which will be applicaple in F.Y. 2011-12 and will replace the old act.The features of New direct tax code are:-
1-Tax rates will be uniform.
2-Saving limit will be 3 lakhs.
3-Most of the exemption will be abolished, and with some exemption there is the need to mention in Income head instead of showing another head.
4-STT(Security transaction tax) will be abolished.
5-Business loan can be carried forward.
6-Taxes rates are 10% upto 10 lakhs.
7-Company tax rates are 25% instead of 30%
8-Exemption limit will remain same 160000 for male,190000 for female and 240000 for senior citizen.
To know more go to
INCOME TAX RATES IN NEW TAX CODE

Mar 9, 2010

E-filing of VAT return is mandatory in Punjab

10:23 PM 0
E-filing of VAT return is mandatory in Punjab
E-filing of Quarterly Punjab VAT Returns has been made compulsory for all taxable persons w.e.f. Quarter ending March 2010. The Punjab Excise & Taxation Department has issued a Public Notice in this regard,
"Quarterly returns for the fourth quarter of 2009-10 are due by 20th / 30th April, 2010. To save the time and harassment of stakeholders, the Department has provided the facility for filing of returns electronically by amending the Punjab VAT Rules, 2005 w.e.f. 29th May, 2008. The Department proposes to make e-filing compulsory for all the taxable persons w.e.f. the quarter ending 31.3.2010. ,
To save time and harassment of stakeholder, all the taxable persons are directed to get their passwords immediately from the AETC, District incharge where they are registered. The AETCs while granting Registration Certificate from now onwards will generate the password and hand over the same to the taxable person, alongwith the copy of Registration Certificate. "

Mar 8, 2010

CONSTRUCTION COST CALCULATOR

11:18 PM 0
CONSTRUCTION COST CALCULATOR
Construction in today form is very & very difficult as it costs us a lot. Construction means to construct anything like home or office or any building what so ever.

The name of construction may pain some people only hearing the name because everything like bricks, cement and labour prices are skyrocketing. And the modern aminities such as italian flooring and readymade kitchens which cost us a lot.

So before start for the construction you need to make a construction cost chart or a calculator and you need to invest your money according to this. This may be very helpful to whom wnt to fully utilise of their money.This calculator has everything & moreover you can add different types of expenses in this calculator.

This will also helps you that where n which item your money goes and in which percentage.So it should be very helpful
CONSTRUCTION COST CALCULATOR

Mar 4, 2010

All About Income Tax Rules 2010-11

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All About Income Tax Rules 2010-11
Indian government wants to implement DTC (Direct Tax Code) as soon as possible, so this was the first step to move forward to DTC in this annual; budget. In this budget the basic exemption limit retained as 160000,190000 and 240000. But the slab of 160000-300000 where tax was 10% was widens to 500000. Whereas the 20% slab which was on 300000 to 500000 is put on 5 lakhs to 8 lakhs. So the person who has the income of 5 lakhs will get the benefit of Rs. 20600. Whereas the maximum benefit is Rs. 51500, which is for having the income exceeds 800000.

Because of consumer inflation index rising at 14.97%, this income tax slabs somehow leave some cash in the hands of individuals.
The New income tax slabs are as under.
1- In the case of male individual who is less than 65 years of age during the previous year.
Income Upto Rs. 160000 Nil
Rs. 160001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
2- In case of individual Woman less than 65 years of age.
Income Upto Rs. 190000 Nil
Rs. 190001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
3- In case of individual who is more than 65 years of age (Senior Citizen)
Income Upto Rs. 240000 Nil
Rs. 240001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
4- Cess rates are same as 3% on total txable amount.
Moreover, the additional benefits of Section 80C has also increased to 20000 which was earlier 1 lakh increased to 1.20 lakh rupees. But this benefit will only be entertained who invest in infrastructure bonds, under Section 80CCF a new section.
Tax Rates:-
1- Corporate and partnership firms are taxed at the rate of 30% as earlier.
2- Surcharge on domestic companies reduced to 7.5% which was earlier 10%.
3- Minimum Alternate Tax (MAT) rates are increased to 18% of book profits to 15%.
Charitable Purpose:-
Trade or business in relation for advancement of general public utility was not considered as charitable purposes earlier.
In this budget it purposes that receipts from such activities will be considered as charitable purposes so long if total receipts from these activities do not exceed Rupees 10 Lakhs in the previous year. EFFECTIVE ASSESSMENT YEAR 2009-10.
TECHNICAL service of NRIs
Income shall be deemed to accrue in India to non-resident, irrespective of the place of rendering such services.
to know more go toAll About Income Tax Rules 2010-11

Mar 3, 2010

UNIQUE IDENTIFICATION NUMBER IS LAUNCHING IN INDIA

10:13 PM 0
UNIQUE IDENTIFICATION NUMBER IS LAUNCHING IN INDIA
Unique identification number i going to launch in india. It also called UIN like the PAN for income tax. It's a number for any individual with that number one can know all the details of that person like his/her name,address and income tax details. So it's called unique identification number. The chairman of the unique identification autority of india(UIDAI) Mr. Nandan Nilekani said that the autority expects the issue of first UIN between 12 to 18 months and they have planned to cover at least 600 million people in 4 years
UNIQUE IDENTIFICATION NUMBER IS LAUNCHING IN INDIA

Public Provident Fund Payment Notification and PPF Calculator

9:10 PM
Public Provident Fund Payment Notification and PPF Calculator
New circular regarding payment of PPF with cheque or demand draft.

Earlier when someone makes the payment of public provident fund, the date of deposit the cheque or demand draft was treated as the date of payment of Public Provident fund subject to realised of cheques or demand draft.

A new notification dated 29-03-2010 was issued by Public Provident Fund department stated that now the date of submission of payment will be treated, the date on which the banking instrument are realised and not the date of submission.


Tags-Ppf calculator,public provident fund calculator,provident fund calculator,pf calculator,pf calculation,pf calculation in excel,ppf calcul;ator excel,pf calculator excel,pf calculator xls,

TDS ON FIXED DEPOSIT CIRCULAR

3:46 PM 0
TDS ON FIXED DEPOSIT CIRCULAR

CIRCULAR NO- 03/2010.
F.No.275/66/2007-IT (B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
……
New Delhi, the 2nd March, 2010.
Sub: Tax Deduction at Source on payment of interest on time deposits under
Section 194A of the Income Tax Act, 1961 by banks following Core-
Branch Banking Solutions (CBS) software – reg.
…..
As per provisions of section 194A of the Income Tax Act 1961, income tax
has to be deducted at source at the time of credit of interest income to the account
of the payee or at the time of payment thereof in cash or by issue of a cheque or
draft or by any other mode, at the rates in force if such interest amount exceeds
specified limit. Further, Explanation to section 194A states that “for the purpose of
this section, where any income by way of interest as aforesaid is credited to any
account, whether called ‘Interest payable account’ or ‘Suspense Account’ or by
any other name, in the books of account of the person liable to pay such income,
such crediting shall be deemed to be credit of such income to the account of the
payee and the provisions of this section shall apply accordingly”.

2. Representations have been received from Indian Banks Association (IBA)
seeking clarification regarding deduction of tax at source from payment of interest
on time deposits by banks using Core-Branch Banking Solutions (CBS) software.
In case of banks using CBS software, interest payable on time deposits is
calculated generally on daily basis or monthly basis and is swept & parked
accordingly in the provisioning account for the purposes of macro-monitoring
only. However, constructive credit is given to the depositor’s / payee’s account
either at the end of the financial year or at periodic intervals as per practice of the
bank or as per the depositor’s / payee’s requirement or on maturity or on
encashment of time deposits; whichever is earlier.

3. The matter has been considered by the Board. Explanation to section 194A
was introduced with effect from 1.4.1987 by the Finance Act, 1987 to plug the
loophole of avoiding deduction of tax at source by crediting interest in the books
of accounts under accounting heads ‘interest payable account’ or ‘suspense
account’ instead of to the depositor’s / payee’s account. Therefore, the
Page 2 of 2
Explanation is not meant to apply in cases of banks where credit is made to
provisioning account on daily/monthly basis for the purposes of macro monitoring
only by the use of CBS software.

4. In view of the above position, it is clarified that since no constructive credit
to the depositor’s / payee’s account takes place while calculating interest on time
deposits on daily or monthly basis in the CBS software used by banks, tax need
not be deducted at source on such provisioning of interest by banks for the
purposes of macro monitoring only. In such cases, tax shall be deducted at source
on accrual of interest at the end of financial year or at periodic intervals as per
practice of the bank or as per the depositor’s / payee’s requirement or on maturity
or on encashment of time deposits; whichever event takes place earlier; whenever
the aggregate of amounts of interest income credited or paid or likely to be
credited or paid during the financial year by the banks exceeds the limits specified
in section 194A.

Mar 2, 2010

RECRUITMENT OF SPORTS PERSON IN INCOME TAX DEPARTMENT

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RECRUITMENT OF SPORTS PERSON IN INCOME TAX DEPARTMENT
GOVERNMENT OF INDIA
INCOME-TAX DEPARTMENT
OFFICE OF THE CHIEF COMMISSIONER OF INCOME TAX- I
MUMBAI
R.No.383, 3rd Floor, Aayakar Bhavan, M.K.Road, Mumbai-400020
Tel No (022)-22077187 Fax No: (022) 22077187
-------------------------------------------------------------------------------------
RECRUITMENT OF MERITORIOUS SPORTS PERSONS IN
INCOME TAX DEPARTMENT
The Chief Commissioner of Income Tax (CCA), Mumbai invites applications for
the Recruitment of Meritorious Sports Persons in different games/sports as listed
below for various Income Tax Offices situated in Mumbai.
2. The posts, pay scales and eligibility criteria are as follows:
Sr No Post Scale of
Pay(Rs)
Educational
Qualification
Number
of
vacancies

Inspector of
Income Tax
Rs 9,300 - Rs
34,800
(Grade Pay
Rs 4,600)
Graduation in any
discipline from any
recognized University
8
2 Tax Assistant
Rs 5,200 - Rs
20, 200
(Grade Pay
Rs 2,400)
i) Graduation in any
discipline from any
recognized University
ii) Should possess data
entry speed of 8000
key depressions per
hour on computer.
33
3 Peon
Rs 4,440 -
Rs7,440
(Grade Pay
Rs 1,300)
8th Standard Pass 5
ELIGIBILTY CONDITIONS:
01. AGE LIMIT:
i) Inspector : 20 -27 years as on 15.03.2010
ii) Tax Assistant : 18- 27 years as on 15.03.2010
iii) Peon : 18-25 years as on 15.03.2010
RELAXATION: Upper age relaxable upto 5 years for General/OBC Candidates
and 10 years in case of SC/ST candidates. The age limit is also relaxable for
Departmental candidates upto 35 years (Relaxable upto 40 years in case of
SC/ST Departmental candidates).
02. Nationality/Citizenship
A candidate must be either;

(a) a citizen of India, or
(b) a subject of Nepal, or
(c) a subject of Bhutan, or
(d) a Tibetan refugee who came over to India, before 1st January,1962,
with the intention of permanently settling in India, or
(e) a person of Indian origin who has migrated from Pakistan, Burma, Sri
Lanka, East African countries of Kenya, Uganda, the United Republic
of Tanzania ( Formerly Tanganyika and Zanzibar), Zambia, Malawi and
Vietnam with the intention of permanently setting in India.
Provided that a candidate belonging to categories (b),(c), (d) and (e)
above shall be a person in whose favour a certificate of eligibility has
been issued by the government of India.
A candidate in whose case a certificate of eligibility is necessary may
be admitted to the examination but the offer of appointment will be
given only after the necessary eligibility certificate has been issued to
him by the Government of India.
03. SPORTS ELIGIBILITY
Appointment can be made of sportsmen considered meritorious with reference
to the following criteria.
Sportsman/Sportswoman who have represented
(i) State in a national or the Country in an International Competition in
any of the games/sports mentioned in the list as per No. 5 below.
(ii) Their University in the Inter University Tournaments conducted by the
Inter University Sports Board in any of the games/sports mentioned in
the list as per No. 5 below.
(iii) The State Schools Team in the National Sports/Games for School
conducted by the All India School Games Federation in any of the
games/sports mentioned in the list as per No. 5 below.
(iv) Sports persons who have been awarded National Awards in Physical
Efficiency under the National Physical Efficiency Drive.
04. SELECTION OF THE CANDIDATES
The applications will be scruitinised and suitable candidates will be short listed for
further selection procedure. For such short-listed candidates, a Physical Test will
be conducted in each discipline of sports, as may suit the requirements thereof.
Successful candidates thereafter may have to appear for a written test followed
by an interview. Success in above test confers no right to appointment unless
Department is satisfied after such enquiry as may be considered necessary that
the candidate is suitable in all respect for appointment to the post.
05. LIST OF GAMES/SPORTS
(1) Athletics (Including Track and Field Events) (Male and Female)
(2) Badminton (Male and Female)
(3) Lawn Tennis (Male or Female)
(4) Carom (Male or Female)
(5) Basketball (Only Male)
(6) Cricket (Only Male)
(7) Football (Only Male)
(8) Body Building (Only male)
(9) Kabaddi (Only male)
(10) Swimming (Only female)
(11) Table Tennis (Only female)
Note: In case suitable candidates are not available in any of the above
games/Sports, the Department has a right not to consider those games/sports.
3
06. HOW TO APPLY:
Applications must be submitted in the format given below and should be
addressed to the Addl Commissioner of Income Tax(HQ) Personnel, Room No
383, Aayakar Bhavan, M.K.Road, Mumbai-400020 preferably by registered post
/by hand on or before 14.03.2010 before 5.00 p.m. On envelope please mention
clearly:
“APPLICATION FOR THE POST OF ………………. UNDER SPORTS QUOTA
NAME OF THE SPORT ………………………..”
07. The candidate on appointment will be liable for posting in offices of
Income Tax Department in Mumbai.
08. Selected candidates will be required to give an undertaking not to apply
for inter charge transfer for a minimum period of 10 years.
09. ONLY Attested copies of documents in support of claim regarding date of
birth(such as Matriculation Certificate, Muncipal Birth Certificate), educational
qualification, sports eligibility certificates, Caste Certificates etc., should
invariably accompany the application. Further, latest colored photograph duly
attested by a gazetted officer should also be duly pasted on the application
form. Original Certificates will have to be produced if called for an interview.
10. Application duly signed and completed in all respects should be sent so
as to reach Addl Commissioner of Income Tax(HQ) Personnel, Room No 383,
Aayakar Bhavan, M.K.Road, Mumbai-400020 latest by 5.00PM on 14.03.2010
preferably by registered post /by hand.
11. Separate application for each post should be sent.
12. Application received after the above date and time mentioned therein
will not be entertained under any circumstances. Incomplete and unsigned
applications will be rejected and no correspondence in the matter will be made
with the applicant. Eligible candidates will be called for the above said tests and
interview. The date and venue for tests and interview will be intimated to the
eligible candidates in due course.
(A.K.SURI)
Dy. Commisioner of Income Tax
(HQ) Personnel, Mumbai
For Chief Commissioner of Income Tax,
Mumbai

Mar 1, 2010

INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11

9:26 PM
INCOME TAX CALCULATOR FOR FINANCIAL YEAR 2010-11
In the budget of 26th of Febuary 2010, Finance minister presented the budget. In this budget Finance minister perposes some changes in the income tax slabs. The changes are as under.

1- In the case of male individual who is less than 65 years of age during the previous year.
Income Upto Rs. 160000 Nil
Rs. 160001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
2- In case of individual Woman less than 65 years of age.
Income Upto Rs. 190000 Nil
Rs. 190001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
3- In case of individual who is more than 65 years of age (Senior Citizen)
Income Upto Rs. 240000 Nil
Rs. 240001 to 500000 10%
Rs. 500001 to 800000 20%
Above 800000 30%
4- Cess rates are same as 3% on total txable amount.
5- Company and Firms rates are 30% as previous financial year.
6- Deduction u/s 80C increased Rs. 120000 to 100000

Tags-income tax calculator,income tax calculation in excel,income tax calculator for asst year 2011-12,income tax calculator for asst year 2011-12,income tax calculator for financial year 2011 12,income tax calculator for financial year 2012-13,income tax calculator for asst year 2012-13,income tax calculator for assessment year 2012-13