Income Tax Department had been issued a Circular No. 08/13 dated 10.10.2013 regarding the updated Income Tax Exemption Limit, TDS Rates and Admission Deduction from Gross Income for Fin. 2013-14 paid to salaried employee and which is chargeable under the Head "Salary" and cleared the Income Tax Exemption Limit as well as all the Deductions under Chapter VI-A including other allied Exemption for the i.e. u/s. 80C, u/s. 80G., u/s.80E, u/s. 80D, u/s. 80U etc. for Asstt. Year 2014-15.
As per the Finance Act, 2013, Income Tax is required to be deducted under Section 192 of the Act from Income Chargeable under the head "Salaries", Income Tax Calculator for Assessment Year 2014-15 i.e. Financial Year 2013-14 along with Salary Statement (Month-wise) for all Salaried Employee. Now a days Central Government Employee and State Government Employee are enjoying 90% Dearness Allowance from July-2013 and additional D.A. 10% Dearness Allowance will be expected from January-2014. This calculator benefited you to calculator your Income Tax and Deduct the TDS Monthly from your Salary as per Income Tax Rules.
As per the Finance Act, 2013, Income Tax is required to be deducted under Section 192 of the Act from Income Chargeable under the head "Salaries", Income Tax Calculator for Assessment Year 2014-15 i.e. Financial Year 2013-14 along with Salary Statement (Month-wise) for all Salaried Employee. Now a days Central Government Employee and State Government Employee are enjoying 90% Dearness Allowance from July-2013 and additional D.A. 10% Dearness Allowance will be expected from January-2014. This calculator benefited you to calculator your Income Tax and Deduct the TDS Monthly from your Salary as per Income Tax Rules.
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