1.

padmanabhan said on Saturday, February 27, 2010, 12:31

sir,i have two doubts. as NDC is coming from next year whether there will be chang in the basic l
amount from the It exemption from Rs1.6 for males. DA is given to compensate for rise in prices but
again taxing actually lowering the purchase power of ordinary govt.employees. is there any change is
graduity exemption.thank you,yours sincerely,V.padmanabhan TO,VCRC, Pondicherry

Reply

2.

B.W. LOkhande said on Saturday, February 27, 2010, 16:17

Can you provide a list of Long Term Infra Structure Bonds for investing Rs.20000/-under 80CCF.

Reply

Malaikolundu Kuppuswamy Reply:

February 27th, 2010 at 9:42 pm
Infra Bonds eligible for deduction ( Rs 20000) under 80CCF will be notified by the CBDT in due course.
Anyhow, the financial year is going to commence only from April 2010 only. More over,this is only
finance bill and it has to be got discussed and approved by the Parliament. Then only it will become
Finance Act capable of being implemented.. Till then, it is only Budget proposals.

- Malaikolundu Kuppuswamy, Porur, Chennai – 600116.

Reply

abhay kumar sinha Reply:

February 28th, 2010 at 11:56 am
idbi and icici bonds

Reply
Seo Money Backlinks Reply:
March 1st, 2010 at 12:20 pm
New and fresh notification would be issued by Finance ministry, Govt. of india stating the list of
approved financial institutions engaged in long term financing the infrastructure projects.

Reply

3.

m.raja said on Sunday, February 28, 2010, 9:21

I am in central govt. service for 12 years but still unable to clearly understand my tax calculation. Can
any one help me in calculating the tax for 2010-11 as per new proposals? My total gross income for th
FY 2010-11 will be 38000×12=4,56,000, in this my HRA & TA amounts to RS.90,000. My savings will
be 1,00,000 , please tell me what will be the taxable amount and how much the tax will be?

Reply

admin Reply:
March 7th, 2010 at 5:11 pm
Total income for 2010-11 Rs.456000
HRA and TA (assumed as deduction) Rs.90000
savings Rs.1,00,000
Taxable income : Rs.266000
tax : 266000-160000=@10% for 106000
Rs.10600
Reply

amitabh Reply:
March 8th, 2010 at 12:28 am
What about education cess at 3 %? Does he not have to pay 3% of 10600 as edu cess?

Reply
admin Reply:
March 8th, 2010 at 7:32 am
education cess @3% continues

Mahesh Reply:
July 10th, 2010 at 10:07 pm
Yours total Tax is 10600 on this there will be 3% educational cess it comes to Rs 318. Add 10600 +
318 = the total Tax you need to pay is 10918. If your Employer has withheld any amount i.e. TDS you
can deduct that from your Tax and remaining you has to pay as Tax.

Dinu Reply:
March 30th, 2010 at 6:25 am
Why dont you use tax calculator facility on gconnect?
I would have suggested certain things. But i dont know how to upload my word document on this
forum.
Reply

4.

K Suryanarayana said on Sunday, February 28, 2010, 23:10

Kindly provide me the information regarding insurance plans in addition to CGHS and deductions
allowed under Income tax for the year 2010-11

Reply

5.
Seo Money Backlinks said on Monday, March 1, 2010, 12:14
We should welcome the new initiative of tax reforms taken by the brave and one of the best finance
Minister of India, Mr. Pranob Mukherjee. I think more and more people would come forward to pay
their Tax freely and openly. So the real Tax revenue would be higher and planned expenditure of the
union budget would be as per target and estimation.

Reply

6.

p.srinivasulu said on Tuesday, March 2, 2010, 23:54

FM had chosen to please only those who are in the upper brackets of the IT slabs.He did not consider
those who are in between !.6 lakhs and 3 lakhs annual income,for whom thee is no difference at all in
tax compared to last year (Fin. year 2009-10).Is it not unfair?It is this group of people who are the
real middle class and many are pensioners also.who will represent their case?They deserve
consideration by the FM.Hope he will consider favourably and make suitable amendmentbefore the
budget is passed-srinivasulu

Reply

7.

anand said on Saturday, March 6, 2010, 15:53

The govt is trying to put further pressure on low income group by keeping the lower range unchanged
and benefitting the high income group by giving them more benefits is this logical. If at all the govt is
poor friendly they should have given a thought. By doing so they will surely increase the number of
tax payers but not the revenue.

Reply

8.

roshan sahani said on Thursday, March 11, 2010, 10:30

sir,
We are getting HRA form our org. does it will include in total income or it will be deducted from the
total income while paying income tax.
Reply

admin Reply:
March 16th, 2010 at 6:35 am
IT Exemption on HRA depends upon various factors. Please check GConnect article. Click the following
link

http://gconnect.in/gc/service/personal-income-tax/it-exemption-for-hra-should-we-take-da.html
Reply

Mahesh Reply:
June 1st, 2010 at 4:49 am
HRA will be Added to your Salary Income

Reply

9.

jayant naik said on Sunday, March 21, 2010, 15:45

dear Sir, I would like to know about the admissible deductions and rebate for the fy. 2010-2011

Reply

admin Reply:
March 22nd, 2010 at 6:00 pm
Please wait for a month or two, for clear cut orders from Income tax on admissible deductions for the
assessment year 2011-12 (F.year 2010-11)

Reply
 10.

BIMAL said on Sunday, March 21, 2010, 20:58

Is it limit (Rs.800) on TA for tax calculation or totaly exempted from tax

Reply

admin Reply:
March 22nd, 2010 at 5:20 pm
TA upto Rs.800 per month is exempted from IT

Reply

11.

Baman Prasad Acharya said on Friday, March 26, 2010, 9:51

Sir My gross salary is about Rs. 9.0 lakhs. I have plan of saving about 1.2 lakhs in provident fund, Rs.
1.8 lakhs in N.S.C and Rs. 20,000 in infrastructure bond. How much tax I have to pay for the
assessment year 2011-1012 that will enable me to find out the monthly deduction from my salary.
Waiting for your early reply.

Reply

admin Reply:
March 27th, 2010 at 9:10 am
Please wait for a month or two for GConnect Income tax tool 2010-11 for exact calculation. Any way
an approximate estimation could be as follows

Gross income —Rs.900000

less savings —Rs.110000 (this is the maximum)
Net income —-Rs. 790000
this could be split up like this for tax purpose
Rs.160000+340000+290000
Tax=Nil+34000+58000=92000/-
Deduction under Chapter VIA were not taken into account as you did not provide any details

Reply

Mahesh Reply:
July 11th, 2010 at 12:48 am
salary 9 lakh

less Deduction under 80C upto 100000 you can claim. your Taxable Income will be 800000 on this you
will be taxed i.e.

upto 160000 nil and from 160000 to 300000 10% in your case it will be 14000 (140000 * 10/100)
and Next slab will be from 300000 to 500000 and the tax rate is 20% in your case it will be 40000
(200000 * 20/100) and The next slab will be 500000 to 800000 30% but in your case it will be 90000
(300000 * 30/100) THE TOTAL TAX YOU NEED TO PAY IS 14000+40000+90000= RS 144000.

Reply

Roshan Reply:
July 21st, 2010 at 2:41 pm
Mahesh your calculations are incorrect. Cause, you are capturing the old rates. The Admin calculations
are right.

Reply

12.

Lalitha said on Friday, March 26, 2010, 18:31

What about the total amount exempted under Sec 80C, still Rs.1L?

Reply
admin Reply:
March 26th, 2010 at 8:30 pm
It’s Rs.1.00 Lakh. But an additional deduction of Rs.10,000 can be availed if invested in selected
infrastructure bonds.

Please go through this GConnect article for more details

http://gconnect.in/gc/service/personal-income-tax/budget-whats-in-for-cg-employees-and-
pensioners.html
Reply

13.

Brijesh Singh said on Monday, April 5, 2010, 17:22

Dear
Sir Please send me list of Incoem tax slab rate F.Y. 2010-2011
Reply

admin team Reply:

April 8th, 2010 at 8:14 am
Dear brijesh
Please go thro. the article Income tax rates for 2010-11( Assessment Year2011-12) in Gconnect
Reply

14.

Dinu said on Tuesday, April 27, 2010, 6:21

CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for
Individuals having income from Salary/Pension/Income from One House Property (Excluding loss
brought forward from previous years) / Income from Other Sources (Excluding winning from Lottery
and Income from Race Horses). CBDT also notifies Income Tax Return Verification Form ITR-V for
Assessment Year 2010-11 for SARAL II (ITR-1) ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted
electronically without digital signature.

Reply

15.

shyam kumar said on Wednesday, April 28, 2010, 22:04

i want acknowledgement form of saral-II online

Reply

16.

MANIK LAL GHOSH said on Sunday, June 13, 2010, 16:12

I want online tool to generate ITR-2 for F.Y. 2009-2010 (A.Y. 2010-1011).

Reply

For tds rate

1. sanjay says:
August 25, 2009 at 6:01 pm

1. Are the TDS rates going to change from October 01, 2009?

2. If yes then kindly give me current rates as well as new (proposed) TDS rates for deduction from payment to lawyer
as well as law firm.
Reply

2. lakshmi says:

August 27, 2009 at 10:30 am

Thanks for giving this kind of chart which is very useful and understandable even by a layman.
Reply

o Jaison P V says:

August 28, 2009 at 6:35 pm

wheather tds is applicable on hiring of corckery & cutlery, if then, what is rate of tds
Reply

3. Satish Kumar says:

September 1, 2009 at 1:26 pm

I was searching many websites could not trace the requirement, ultimately have gone through your chart which really
have helped us….

Thanks….
Reply

4. r.saravanan says:

September 1, 2009 at 3:17 pm

Thanks for providing the TDS chart. It is very useful for ready reference.
Once again I thank you for providing a free copy to the users.
Reply

5. Sheetal says:

September 3, 2009 at 2:03 pm

Are the TDS deducting on design charges?

Reply

6. VIKAS SUNEJA says:

September 5, 2009 at 1:36 pm

please provide me education cess status as per tds chart A.Y.2010-11
Reply

7. SUNNY JAIN says:

September 8, 2009 at 3:18 pm

The rate of TDS will be 20 per cent in all cases, if PAN is not quoted by the deductee w.e.f. 1.04.2010

PLease check ur comments

Reply

8. Ganga says:

September 8, 2009 at 5:12 pm

Thank you very much ,this chart is useful to every one

Reply

9. Vijayalakshmi says:

September 17, 2009 at 1:39 pm

Thank you very much for providing us the chart which is very useful and understandable even by a common man.
Reply

10. PRADEEP says:

September 19, 2009 at 6:59 pm

ARE THE TDS RATES GOIING TO CHANGE FROM OCT 1 , 2009

Reply

11. Ravi Pandey says:

September 26, 2009 at 10:54 am

I was searching many websites could not trace the requirement, ultimately have gone through your chart which really
have helped us….

Thanks….
Reply

12. Bhatt Kirit says:

October 1, 2009 at 3:25 pm

this chart is very helpful for accountants

Reply

13. vikram says:

October 1, 2009 at 5:29 pm

thank you for providing such chart . very easy to understandable to everyone
Reply

14. Jogendra singh chauhan says:

October 5, 2009 at 10:34 am

thanks to all your team for provide tds rate on your site.It is very easy to understandable to each person.
Reply

15. jitendra prasad says:

October 10, 2009 at 9:01 am

was searching many websites could not trace the requirement, ultimately have gone through your chart which really
have helped us….

Thanks….
Reply
 16. indranil says:

October 11, 2009 at 2:12 am

my flat has been rented to an office eventhough the agreement is witha single person i.e the director of the firm. pays
me a rent of 15000 p.m. he now wants to deduct TDS from the rent at the prevailing rate since apr 09. i want to know
the following
1. my annual earning from rent is 1.8 lacs. is TDS to eb applied on whole amount or the amy above the cut off
amount i.e 1.2 lacs.?
2. can i not tell my tenant not to cut the TDS as i will pay the income tax sepertely to the govt as this income i will
show on my return?
3. if my annual income becomes 5 lacs including rent , will it be beneficial for me if i choose to pay he tax myself? or
shall i allow him to deduct TDS?

thanks
Reply

17. mirji says:

October 13, 2009 at 9:20 am

If transport charges of Rs 5000/- is paid after 01-10-2009 and PAN is not quoted then is is necessary to deduct tax or
not since the threshold limit is not exceeded
Reply

18. Samsoura says:

October 14, 2009 at 1:26 pm

Dear one

My car has given to one Govt., office in monthly rental bases for that Govt., paying Rs.20000/- per month. In this they
will deduct TDS? Pls give me chat for the same.

Thanks

Samsoura
Reply
 19. krishna bhat k s says:

November 1, 2009 at 1:54 pm

Thank a lot for the information sharing & up date.

Reply

20. ajay says:

November 3, 2009 at 12:34 pm

I want to paid interest, survey fees,damrages charges to NRI plesed suggest me what tds rate is applicable
Reply

21. sanjay says:

November 21, 2009 at 1:32 pm

we have hired a car @30000/- per month in/c fuel &lubricants for office pupose. kindly tell the rate of tds
Reply

22. Swapan says:

November 23, 2009 at 6:44 pm

If a Pvt Ltd Co. Paid Rs.10,000/- p.m. as rent to a person then what will be the TDS rate on rent ?
Reply

23. Rahul sharma says:

December 22, 2009 at 3:45 pm

I have seen many site but no see proper tds chart please refer proper chart all tds rate
Reply

24. Girish says:

March 23, 2010 at 6:55 pm

Sir,

Can I get TDS Rate for AY 2011-12.

Reply

25. DHARMENDRA says:

March 30, 2010 at 6:50 pm

I AM PROPRIETOR OF KARTA/HUF. I PAY INTEREST TO PRIVATE LIMITED COMPANY .HOW MUCH TDS
RATE ON INTEREST.
Reply

26. VIJAY says:

April 13, 2010 at 11:44 am

Tax/TDS was deducted by Govt of Tamilnadu from sale of a site belonging to my mother who is a senior citizen &
also getting family pension (about Rs.5000/- pm). She does not have a PAN. They are not issuing 16A since she has
no PAN. How to get a refund then ?
Reply

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