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INCOME TAX  MODULE 2011 [INSERT FRANCHISE NAME]
DISCLAIMER By offering this informational resource, Webtel Academy does not intend to provide its users with Income Tax advice. Rather, this information is intended for educational purposes only. Webtel Academy makes no representations about the suitability of this information for any purpose. In no event shall Webtel Academy be liable for any special, indirect, consequential damages and/or any damages whatsoever resulting from the use of any of the information contained in this module. Further, the information contained in this module is meant for private circulation only and any unauthorized use of this information is prohibited. Any person should not rely or act on the content of this module and the same should be independently verified from the Income Tax, 1961 and any amendments made thereto from time to time. The information contained in this module is only current as of its date. Webtel Academy may alter, modify or otherwise change in any manner the content of this module, without obligation to notify any person of such revision or changes.
INCOME TAX MODULE  CHAPTER 1 – PRELIMINARY – DAY 02 CONTENTS HEADS OF INCOME COMPUTATION SHEET DISPLAY – HEADS OF INCOME INCOME TAX SLAB RATES FOR AY 2011-2012 INCOME TAX SLAB RATES FOR AY 2012-2013 TYPES OF INCOME TAX RETURNS FOR FILING
Heads of Income HEADS OF INCOME INCOME FROM BUSINESS OR PROFESSION INCOME FROM SALARY  An assessee may be earning Income from a number of sources. However, for computation of income for Income-Tax purposes, income of an Assessee is computed under following heads: INCOME FROM HOUSE PROPERTY  INCOME FROM CAPITAL GAIN  INCOME FROM OTHER SOURCES
HEADS OF INCOME COMPUTATION SHEET DISPLAY  WEB- E-TAX SOFTWARE
INCOME TAX SLAB RATES FOR AY 11-12 For Resident Women (who is below 65 years on the last day of the previous year) For Resident Senior Citizen (who is  65 years or more at any time during the  previous year)
For any other  Individual, every Hindu Undivided Families (HUFs) / AOPs / BOIs / Artificial Judicial Person
For other  than Individuals
INCOME TAX SLAB RATES FOR AY 12-13 Add 2% Education Cess+ 1% SHEC  in all cases
INCOME TAX SLAB RATES FOR AY 12-13 Add:  2% Education Cess and 1% SHEC in all cases
TYPES OF INCOME TAX RETURNS FOR FILING
TYPES OF INCOME TAX RETURNS FOR FILING
Itax prelim day 2revise 08-08-2011

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Itax prelim day 2revise 08-08-2011

  • 1. INCOME TAX MODULE 2011 [INSERT FRANCHISE NAME]
  • 2. DISCLAIMER By offering this informational resource, Webtel Academy does not intend to provide its users with Income Tax advice. Rather, this information is intended for educational purposes only. Webtel Academy makes no representations about the suitability of this information for any purpose. In no event shall Webtel Academy be liable for any special, indirect, consequential damages and/or any damages whatsoever resulting from the use of any of the information contained in this module. Further, the information contained in this module is meant for private circulation only and any unauthorized use of this information is prohibited. Any person should not rely or act on the content of this module and the same should be independently verified from the Income Tax, 1961 and any amendments made thereto from time to time. The information contained in this module is only current as of its date. Webtel Academy may alter, modify or otherwise change in any manner the content of this module, without obligation to notify any person of such revision or changes.
  • 3. INCOME TAX MODULE CHAPTER 1 – PRELIMINARY – DAY 02 CONTENTS HEADS OF INCOME COMPUTATION SHEET DISPLAY – HEADS OF INCOME INCOME TAX SLAB RATES FOR AY 2011-2012 INCOME TAX SLAB RATES FOR AY 2012-2013 TYPES OF INCOME TAX RETURNS FOR FILING
  • 4. Heads of Income HEADS OF INCOME INCOME FROM BUSINESS OR PROFESSION INCOME FROM SALARY An assessee may be earning Income from a number of sources. However, for computation of income for Income-Tax purposes, income of an Assessee is computed under following heads: INCOME FROM HOUSE PROPERTY INCOME FROM CAPITAL GAIN INCOME FROM OTHER SOURCES
  • 5. HEADS OF INCOME COMPUTATION SHEET DISPLAY WEB- E-TAX SOFTWARE
  • 6. INCOME TAX SLAB RATES FOR AY 11-12 For Resident Women (who is below 65 years on the last day of the previous year) For Resident Senior Citizen (who is 65 years or more at any time during the previous year)
  • 7. For any other Individual, every Hindu Undivided Families (HUFs) / AOPs / BOIs / Artificial Judicial Person
  • 8. For other than Individuals
  • 9. INCOME TAX SLAB RATES FOR AY 12-13 Add 2% Education Cess+ 1% SHEC in all cases
  • 10. INCOME TAX SLAB RATES FOR AY 12-13 Add: 2% Education Cess and 1% SHEC in all cases
  • 11. TYPES OF INCOME TAX RETURNS FOR FILING
  • 12. TYPES OF INCOME TAX RETURNS FOR FILING