Monthly Archives: April 2013

New Form 16 Circular

Posted by & filed under Income Tax.

  TDS Certificate in Form No 16 as notified vide Notification No. 11/2013 dated 19.02.2013 has two parts viz Part A and Part B (Annexure). Part A contains details of tax deduction and deposit and Part B (Annexure) contains details of income.   ISSUE OF PART A OF FORM NO. 16 FOR DEDUCTION OF TAX… Read more »

Delhi Minimum wages 2013

Posted by & filed under Minimum Wages-Delhi.

Dear All, The Delhi Government has decided to implement the revised rates of minimum wages for unskilled, semi-skilled and skilled categories in all scheduled employments, Labour Minister A.K. Walia said on Monday. The new rates, which have been worked out after adjustment of dearness allowances, have come into effect from April 1, 2013 and will… Read more »

Tuition fees as a deduction under section 80C

Posted by & filed under Income Tax.

Tuition fees as a deduction under section 80C The section 80c provides deduction from the taxable income for the tuition fees paid for his/her children .The upper limit for the deduction under this section is Rs 1 lakh. Parents are allowed to claim the deduction for their children’s tuition fees. This deduction is strictly available… Read more »