About Gratuity and How to Calculate Gratuity

Calculate Gratuity

Today we talk about About Gratuity and How to Calculate Gratuity. Gratuity is a total amount of money which a client or an employer pays to an employee for the services rendered to the company. Unlike provident fund, the employer pays the gratuity without any contribution from the employee. Gratuity is payable only to the employees who have completed 5 or more years with the company, under the Payment of Gratuity Act passed in the year 1972. About Gratuity and How to Calculate Gratuity Gratuity is payable only to the…

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Filing of ITR for the Deceased by Legal Heir

Filing of ITR

Filing of ITR is mandatory for those, whose income exceeds the exemption limit. ITR filing for a dead person is also mandatory if his income during the financial year exceeds the exemption limit. As per the Income Tax Act, 1961 section 159, in case a person dies, his legal representative is responsible for paying any sum which the deceased would have been liable to pay if he had not died, in a similar manner and to the same extent as the deceased. Filing of ITR for the Deceased A legal…

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How to apply for Aadhaar Card online

Aadhaar Card

Aadhaar is a 12 digit unique-identity number issued to all Indian residents based on their biometric and demographic data. UIDAI (Unique Identification Authority of India) collects this data under the provisions of the Aadhaar Act, 2016. On 9th June 2017, the Supreme Court of India mandated an individual to link their Aadhaar for filing their Income Tax Returns. However, you must remember that Aadhaar card neither confers citizenship nor guarantees rights, benefits, or entitlements and its objective is not to replace any existing ID proofs. From AY 2017-18, Aadhaar card…

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Due Date for Tax Filing for AY 2017-18

Due Date for Tax Filing for AY 2017-18

Due Date for Tax Filing for AY 2017-18 The due date for filing Income Tax Return is provided U/S 139 of the Income Tax Act. Mode of filing income tax return and correct form is prescribed under the rule 12 of income tax rules, which have been amended, vide notification dated 30th March 2017. The Due Date for Tax Filing for AY 2017-18. The due date for filing income tax return for an individual is 31st July of the assessment year, which immediately follows the financial year. Now, the filing…

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