Under sec-14 of income tax
Tax on income is
levied by keeping in mind different aspect. These aspects related to different
kind of income which is generated from different source of earning these may be
self employed and salaried. So as per
there status they will taxed. People fill different form for there income tax
returns also now it is compulsory to e-filling the return who's income is above the
500000 annually. People who have their income scale below 500000 they have no
need to e-file but if any tax is deducted on their income which but obvious
going to deduct in form of TDS for salaried person they can also filled return
to get return their deducted tax.
Under sec-14 of the Income Tax Act, 1961
Income is computed
under various heads for the purposes of charging tax u/s. 14 of the Income Tax
Act, 1961:
Salaries
Income from house Property
profits and gains from Business or Profession
Capital Gains
Income From Other sources
Salaries
Income from house Property
profits and gains from Business or Profession
Capital Gains
Income From Other sources
These are the source which count under the
income tax categories so people have to pay after adding their every source of
income which they are earn.
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