Income Tax Slab Rate & Deductions – AY 2016 -17 (FY 2015-16)

Income Tax Slab Rate & Deductions – AY 2016 -17 (FY 2015-16)

What is Income Tax Slab? Income tax is that percentage of income paid to the government by the taxpayers for the betterment of the public at large. This income is categorized into different groups on the basis of the amount of income. Each such group is known as a Tax Slab. Tax is charged at different rates on the range of income falling under different income tax slabs. The Income Tax Act 1961 is the law that governs the provisions…

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Understand the PAN (Permanent Account Number)

Understand the PAN (Permanent Account Number)

PAN is a 10 digit alpha numeric number, where the first 5 characters are letters, the next 4 numbers and the last one a letter again. These 10 characters can bedivided in five parts as can be seen below. The meaning of each number has been explained further. First three characters are alphabetic series running from AAA to ZZZ Fourth character of PAN represents the status of the PAN holder. C — Company P — Person H — HUF(Hindu Undivided…

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Dengue

Dengue

Dengue is a viral fever, which is caused after bite of infected Aedes aegypti mosquito. Aedes breeds in clean water collection in and around houses Aedes mosquito bites during the day time. Aedes mosquito favours hiding indoors. Dengue fever is a self limiting disease with recovery in 5 – 7 days. All Dengue fevers do not result in death, only patients with bleeding or haemorrhages are serious and need admission in hospitals.


Scrub Typhus-Symptoms and Prevention

Scrub Typhus-Symptoms and Prevention

An increase in number of high grade fever cases is observed in rainy season.  One of the causes of such type of fever may be Scrub Typhus. Scrub Typhus is an acute, infectious, febrile illness caused by Orientia organism.  The transmission of this is due to bite of an infected mite which dwells on wild rats. SYMPTOMS High grade fever with chills. Severe Headaches / joint pains. A black spot Eschar (caused by bite of mite) may be seen on…

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Income Tax Rates for FY 2014-15 / AY 2015-16

Income Tax Rates for FY 2014-15 / AY 2015-16

The Income Tax Slab for FY 2014-15 / AY 2015-16 in the budget presented by new Finance minister Arun Jaitley in the the new Narendra Modi Government on 10th July 2014 some of the expectations of the tax payer are metThe following are the income tax highlights as per the budget for the financial year 2014-2015 Basic exemption limit has been raised from Rs 2,00,ooo Lakhs to Rs 2,50,000. This will directly lead to Income tax savings of Rs 5,000…

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