J
Jeno
Is the EL /Unearned Leave Encashment received on retirement by a Public Sector Unit (TANGEDCO) owned by Tamilnasu State Govt. employee taxable?
Facebook
Twitter
Linkedin
Dear Jeno,
The leave Encashment received at the time of Retirement by Central/State Government employee is fully exempt from Tax. However for Non government employee amount is exempt subject to certain ceiling limit specified U/s 10(10AA).
So if you fall under the category of State Government emplyee then it will be fully exempt.
For Further consultation you can reach us at ca.rahuldwivedi@gmail.com or 90004485377
P
Pranav Dhar
I have a query regarding llp formation
Dear Pranav,
For any consultation relating to Company Formation, LLP Formation, Partnership deed etc. any where in India you can get in touch with us.
ca.rahuldwivedi@gmail.com or 9004485377
D
Dhiraj B
I want suggestion for tax saving. I am an individual with dual income sources. 1 Job(Deducts TDS). 2 Consulting fees(foreign remittances wired) (Dont deduct TDS).
My overall income from job and consulting is approx 40 lakhs. I can claim deductions in 80C(1.5L), 80CCD(50k), Interest from house load (2L), standard deduction (50K).
What are the other options which I can use to save taxes?
Dear Dhiraj,
Yes you eligible to claim all the deductions as mentioned in you query. Apart from this other popular deductions like Mediclaim Premium U/s 80D, Donation U/s 80G,etc. you can claim.
As apart from salary you have Income from business & Profession tax planning can be done & tax can be saved.
Applicability of GST needs to be discussed in your case as you are providing services out of India in that case GST is Mandatory irrespective of Turnover.
For Further Consultation you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
Some other benefits of Donation u/s 80G, salary structure restructuring all these can be done for saving taxes.
For a detailed discussion, you can connect with us at ca.pujasharma@outlook.com
G
Gajanan
Is it possible to modify the ratio of tax deduction amount in case of joint home loan? Say 80:20, 60:40 or 75:25?
Dear Gajanan,
Your query requires detail discussion & after understanding the facts of the case will be able to guide you as per provision of the Income Tax Act.
For Further Consultation you can reach me on ca.rahuldwivedi@gmail.com or 9004485377
Yes it will depend upon the share of ownership.
T&C applyG
Gajanan
