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TDS Changes Budget 2016-17

 | 25/07/2015 |

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TDS Changes Budget 2016-17
TDS slab rate soccer stars hack for financial year 2016-17 remains unchanged in the current union budget that was announced on Feb 29, 2016. However, with reference to financial year 2015-16, some key changes have been made in tds in union budget 2016-17 that the government claim to be benfitting for tax payers. The major tds changes budget 2016-17 that directly affect the income tax calculation are listed below.

1). Section 80GG – Deduction of House Rent Paid
Deduction amount under 80GG increased from Rs 24,000 per annum to Rs 60,000 per annum. The Section 80GG of the Income Tax is only applicable for individuals who do not avail HRA. It also holds true for people who do not claim a tds deduction for their rent in any other sections of the Income Tax.

The Amendment Clause in Union Budget 2016:
Amendment of section 80GG.
In section 80GG of the Income-tax Act, for the words “two thousand rupees”, the words “five thousand rupees” shall be substituted with effect from the 1st day of April, 2017.

2). Section 87A – Income Tax Rebate
Section 87A states that an assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under Chapter VIII of the Income-tax Act) on his total income soccer stars hack with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less. In recent budget of 2016 the rebate amount has been raised from Rs. 2000 to Rs. 5000.

The Amendment Clause in Union Budget 2016:
In section 87A of the Income-tax Act, for the words “two thousand rupees”, the words “five thousand rupees” shall be substituted with effect from the 1st day of April, 2017.

3). Surcharge on Income above One Crore Rupees

The TDS surcharge rate on income tax payers with income above one crore has been raised to 15% from 12 percentage that was earlier.

The Amendment Clause in Union Budget 2016:
The amount of income-tax computed in accordance with the preceding provisions of this Paragraph, or the provisions of section 111A or section 112 of the Income-tax Act, shall, in the case of every individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act, having a total income exceeding one crore rupees, be increased by a surcharge for the purposes of the Union calculated case clicker cheats at the rate of fifteen per cent. of such income-tax:
Provided that in the case of persons mentioned above having total income exceeding one crore rupees, the total amount payable as income-tax and surcharge on such income shall not exceed the total amount payable as income-tax on a total income of one crore rupees by more than the amount of income that exceeds one crore rupees.

4). National Pension System withdrawal made tax free
National Pension System : 40% of corpus withdrawal at the time of retirement will be tax exempted. You can withdraw upto 60% of the corpus and out of this as per the new proposal 40% will be tax-free. At present, NPS withdrawal amount was fully taxable. This will be a relief for NPS investors.

The Amendment Clause in Union Budget 2016:
….any payment from the National Pension System Trust to an employee on closure of his account or on his opting out of the pension scheme referred to in section 80CCD, to the extent it does not exceed forty per cent. of the total amount payable to him at the time of such closure or his opting out of the scheme;”;
….any payment in lieu of or in commutation of an annuity purchased out of contributions made on or after the 1st day of April, 2016, where it exceeds forty per cent. of the annuity, shall be taken into account in computing the total income;

5). Taxing of EPF

In the first version of Budget 2016-17 on Feb 29, 2016, the government had proposed that at the time of retirement, 40% of the EPF (Employees Provident Fund) lump sum withdrawal is tax-exempted, 60% of the corpus is taxable as per the applicable TDS Rate Slab. The toll on TDS can be evaded by way of transfer to the account of the employee under a pension scheme referred to in section 80-CCD and notified by the Central Government; the Annuity income will be Tax-free. This amendment was withdrawn later by the Finance Minister stating it would need more comprehensive research before implementation, following a huge uproar against the amendment from the employee sector and working class unions.

The existing changes related to EPF in budget 2016-17 are:
The Employee Provident Fund investors cannot withdraw full PF amount before attaining the age of retirement. The maximum withdrawal on cessation of employment before reaching the age of retirement cannot exceed an amount aggregating employee’s own contribution and interest accrued thereon. i.e, A person (Separated employee) can withdraw case clicker hack their contributions plus interest portion only. The employer’s portion will remain in PF account and can be withdrawn only after the retirement age (58 years). In short, the provident fund account of an employee can now be fully closed only at the time of retirement. However, employee could still opt for partial withdrawal if amount is needed for any other personal purposes or at the time of leaving one organization, all this before attaining the age of
retirement(58 years). Employee could now withdraw his contribution and interest accrued on that only. The pou cheats employer contribution will stay in the account which will be followed up if he is beginning a new account in another company or if he stays unemployed thereafter then it can be withdrawn as the employee reaches 58 years of age.

The age of retirement has now been increased to 58 years, by 3 years from 55, as it was before.

If an employee has not completed five years of continuous employment and if the PF amount that the employee is withdrawing is greater than 50000 then only it will attract tax, raised from thirty thousand rupees to fifty thousand rupees in the current budget 2016-17. On cessation of employment, if the employee is withdrawing PF, in which case if an employee has rendered continuous service to the employer for years not lessthan 5, then the pf amount withdrawn will attract income tax. In such a case, payment received by the individual in respect of the employer’s contribution along with the interest accrual thereon is taxed as ‘Salary’. Interest on the employee’s contribution is taxable as ‘Other Income”. Payment received in respect of the employee’s own contribution is exempt from tax (to the extent not claimed as a deduction earlier). The threshold amount of PF withdrawal that would attract tax was thirty thousand rupees. It has now been increased in the budget 2016-17 to fiftly thousand rupees.

6). Section 80EE – First time Home Buyers deduction limit increased
First time home buyers can claim an additional Tax deduction of up to Rs 50,000 on home loan interest payments u/s 80EE. The home loan should have been sanctioned in FY 2016-17. The loan amount should be less than Rs 35 lakh and The value of house should not be more than Rs 50 Lakh

The Amendment Clause in Union Budget 2016:
For section 80EE of the Income-tax Act, the following section shall be substituted with effect from the 1st day of April, 2017, namely:—
‘80EE. (1) In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, interest payable on loan taken by him from any financial institution for the purpose of acquisition of a residential property.
(2) The deduction under sub-section (1) shall not exceed fifty thousand rupees and shall be allowed in computing the total income of the individual for the assessment year beginning on the 1st day of April, 2017 and subsequent assessment years.
The deduction under sub-section (1) shall be subject to the following conditions, namely:—
(i) the loan has been sanctioned by the financial institution during the period beginning on the 1st day of April, 2016 and ending on the 31st day of March, 2017;
(ii) the amount of loan sanctioned for acquisition of the residential house property does not exceed thirty-five lakh rupees;
(iii) the value of residential house property does not exceed fifty lakh rupees;
(iv) the assessee does not own any residential house property on the date of sanction of loan.
Where a deduction under this section is allowed for any interest referred to in sub-section (1), deduction shall not be allowed in respect of such interest under any other provision of this Act for the same or any other assessment year.

7). Budget 2016 proposes to levy 10% Dividend Distribution Tax (DDT) in the hands of the investor who receives dividend of Rs 10 Lakh or more in a financial year.
Cash purchases of goods & services which are worth more than Rs 2 Lakh & purchases of car worth more than Rs 10 Lakh will be subject to TCS (Tax collection at Source). Tax at source of 1% on purchase of luxury cars would be levied.

8). Budget 2016 has proposed to provide a limited period ‘Tax Compliance Window‘ for domestic taxpayers.
This will be created between 1 June to 30th September to declare undisclosed income or income. To clear up their past tax transgressions, the taxpayers will have to pay tax at 30%, and surcharge at 7.5% and penalty at 7.5%. So, the total applicable tax would be at 45% of the undisclosed income. They will have to pay up the taxes within two months of declaration.

9). Levy of Infrastructure Cess on purchase of SUVs & Diesel cars.

10). Krishi Kalyan cess at 0.5% on all taxable services effective from 1st June, 2016.
The Amendment Clause in Union Budget 2016:
This Chapter shall come into force on the 1st day of June, 2016.
There shall be levied and collected in accordance with the provisions of this Chapter, a cess to be called the Krishi Kalyan Cess, as service tax on all or any of the taxable services at the rate of 0.5 per cent. on the value of such services for the purposes of financing and promoting initiatives to improve agriculture or for any other purpose relating thereto.

11). Income tax hungry shark world hack department will expand e-sahyog project to assist small taxpayers.

IF you have further questions about TDS changes in budget 2016-17, please feel free to post your questions.

PROOF That Hillary KNEW Benghazi Was A Terrorist Attack Unrelated To A Video

 | 24/07/2015 |

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Hillary Clinton has had differing stories when it comes to Benghazi. On the one hand, she blamed the attack on an obscure YouTube video. This is the story she told to the American people and the families of the clash of clans hack victims. The maker of the video, who lives in America, was even imprisoned. On the other, she told her daughter, Chelsea, it was a terrorist attack. The corrupt Clinton has blamed the changing story on the ebb and flow of different information coming in, but the transcript of a phone conversation between Hillary and then-Egyptian Prime Minister Hisham Kandi, which was obtained by Judicial Watch, shows proof that Hillary knew from the beginning that the attack at Benghazi was terrorism. That means she has been caught in pou cheats yet another major lie. During her conversation with Kandi on the night of the attack, Hillary definitely stated that they knew the attack was the work of al Qaeda and had nothing to do with a video. On September 12, 2012, one day after the attack, Hillary spoke with Prime Minister Kandi.

Clinton said, “We know the attack in Libya hungry shark world hack had nothing to do with the film. It was a planned attack – not a protest.” Kandil responded, “You’re not kidding. Based on the information we saw today we believe that group that claimed responsibility for this is affiliated with al-Qaeda.”
But that didn’t stop Hillary from spinning different stories and telling various lies about what happened. The night of the attack, pou cheats September 11, an official statement by then-Secretary Clinton was released by the State Department. At 10:08 p.m. on September 11, Mrs. Clinton issued an official State Department press statement, approved by the White House, placing the blame for the attack on an Internet video:

Some have sought to justify this vicious behavior as a response to inflammatory material case clicker cheats posted on the Internet. The United States deplores any intentional effort to denigrate the religious beliefs of others. Our commitment to religious tolerance goes back to the very beginning of our nation. But let me be clear: There is never any justification for violent acts of this kind.
This story was false the entire time but that didn’t stop Hillary from returning to it on September 15.

On September 15, in a telephone call with then-Egyptian Foreign Minister Mohamed Amr, Clinton emphatically portrayed the “stupid, very offensive film” as the root cause of the Benghazi violence. Clinton told Amr, “I have repeatedly, as has the President gangstar vegas cheats and other officials in our government, deplored not only the content of this stupid, very offensive film… But we have to exercise more self-discipline…otherwise we’ll be in a vicious downward circle against everyone who has ever felt offended, particularly on the internet….”

Know more the advantages of juicy mango

 | 23/07/2015 |

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As of the summer holiday season and without stint and heat common seems tasteless. King Mango’s gonna summer fruit sweet and sour flavor that attracts everyone. The common good is not only taste but also the color switch cheats health of the works. This vitamin is found in large amounts of protein and fat and fiber, calcium, sodium, potassium and copper minerals occur only too well, as well as vitamins B, C is also found in Bhuttayt volume. Knowing, brethren, let’s Faydo about some of the common ..

1. Blood pressure control

Vitamins are found in abundance in common, which remains in good health. A natural treatment for high blood pressure is common for the patient, because potassium (156 mg 4 percent) and magnesium (Mg 2 to 9 per cent) are found in large quantities.

2. Reduces the risk of cancer and reduces cholesterol

Pectin is a soluble dietary fiber is found in common. Blood cholesterol levels to reduce pectin acts effectively. It also protects us from cancer in the gland.

3. Helpful in weight gain

The easiest way to gain weight is to eat mangoes. Around 86 calories in 150 grams is common, which is absorbed by our body easily. Moreover, the starch is case clicker hack found in common, which changed in Sugar ultimately enhances weight.

4. Supporting the digestive process

Common problems like indigestion and also removes Seediti. Found in common in enzymes that help digest food.

5. Treatment of Anemia

People who suffer from Aniama, is common for them to be quite beneficial. Because iron is found in abundance. Regular and adequate intake generally increases the amount of blood in the body, which keeps away disease like anemia.

6. Grmwati beneficial for women

Grmwati woman is in special need of iron. So it is common for them to be of great benefit. Some doctors recommend taking the Blue Pill, but if you want plenty of iron-rich mango juice can.

7. Acne kept away

Mnhase common on the skin effect is effectively. It opens the pores acne closed. Once the holes are opened, then automatically stops producing acne. Indeed, the skin pores closed to open is the best way to get fifa 16 hack rid of the acne. For this you do not need to eat at regular common. You mango pulp and apply it on the skin and rinse after 10 minutes.

8. Prevents Premature Aging

Common vitamin A and vitamin C are found in large amounts, which are helpful in the production of proteins of collagen in the body. Collagen, blood vessels and connective tissue of the body reserves, which slows the process of adapting the skin ages.

9. Maintain brain health

Vitamin B-6 is found in abundance in common, which is crucial to improve the functioning of the brain.

10. Enhances the body’s immunity

Beta-carotene, like carrots and pou hack Cartenwaid in common is found in high amounts. The common element found in the body’s immune ability to make better and stronger.

11. Fights Diabetes

Some studies found that a good natural treatment for diabetes is common. Although the research still continues. It was a myth that the first people to be sweet Diabetic patients generally should not eat. But now it has been proven that not only common, but also the leaves can relieve diabetes.

12. Keep an eye care

One cup of mango juice drink a day, pixel gun 3d cheats we needed to get 25 per cent of vitamin A. It improves eyesight and night blindness and eye dryness also keeps away.

13. Sex Power Increases

Vitamin E is a good source of general. Sex and relationship of vitamin E by the first known study was conducted on mice. Later research showed that some other balanced and adequate intake of mango enhances sex.

14. Treatment

Raw mango juice mixed with the drinking water in the body is cold. Ayurvedic approach of it, due to the strong light of the sun in the equatorial region of the body is sweating color switch hack in heavy volume. People get tired of it quickly. So, the process is filled with toxins the kidneys.

GST Implementation will have likely effect on the digital India economy

 | 22/07/2015 |

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We in India are influenced by what is happening in the foreign world especially when it is the US, UK, Europe and Australia. The GST itself has its hungry shark world cheats bearing in the UK, Europe and Australia and has been implemented there. We have been struggling with the GST implementation in India for a decade but the serious action has been there in the last two years.

In the beginning of 2015, the European Union extended its consumption tax to include broadcasting and electronic service providers based on the location of their customers. The digital downloads and services sold to European retail consumers are taxed at VAT rates of up to 27 per cent. Thus, the digital retail economy is a significant source of tax revenue there.

In Australia the local digital product hungry shark world cheats and service providers have to charge the GST on retail sales. They were at a disadvantage as compared to the overseas suppliers who were not liable for taxation. In the 2015-16 budget the Australian government has extended the GST to offshore intangible supplies to Australian consumers. This will come into effect from July 2017.

Not to be left far behind the CBDT panel in India has recommended the imposition of 6 to 8 per cent tax on certain digital services. The private biggies like Amazon soccer stars hack and Flipkart were a part of this panel which worked on the taxation of e-commerce. The panel has identified thirteen digital services for a levy of this tax which is being termed as an equalisation levy.

The services offered digitally like online collection of payments, website hosting, design and creation of websites, email, blogs, radio and television advertising may attract the equalization levy. In future, the online sale of goods and services that include software, movie and song downloads, books and games, and even online consumption of news may be gangstar vegas hack brought under the ambit of this levy. At present, the B2B transactions may only be taxed and the individual consumers may be spared.

Before the GST is implemented in India the country seems to be following the footprints of the developed world in taxing the digital economy. These proposals will affect the entities like Google and Facebook but the start-ups that rely heavily on digital marketing will also be affected.

The government is pushing through for digital payments to bring the money under the taxman’s scanner. This will also limit the flow of clash royale cheats black money in the system. All people are now eyeing the GST bill which is a critical requirement for the tax reforms in this direction. Today, a large number of taxpayers do not use the ERP based systems for their financial transactions. With the digitisation campaign, it is expected that the e-disconnected taxpayers will be brought online at the time of GST implementation.

The government in office has announced the digital India reform. Suitable measures are being planned along with RBI to usher India into a cashless or digital economy. There have to pixel gun 3d hack be incentives for online transactions and taxes for cash withdrawals and payments.

To summarize, on one hand the government is bringing more and more digital services under the tax net and on the other it is promoting the use of digital transactions to bring them under the tax scanner. The delay in the GST is only giving them more time to enforce the digital economy in order to reap the benefits when the GST is finally implemented.

Apresentação Núcleo de Literatura

 | 21/04/2014 |

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A Literatura corre perigo. Esse alerta do crítico Todorov não deve passar em branco. Atualmente, a Literatura parece confinada às Universidades que, via de regra, restringem-se à discussão de teorias. A obra literária parece relegada a segundo plano. Por outro lado, surge o problema da apreensão do conteúdo de uma obra literária, o que exige uma ativa participação do leitor, um esforço de imaginação, além de complicadas operações de memória, associação e criação, algo que vai muito além do mero estudo de teorias acadêmicas.

Uma boa obra literária aguça nosso olfato existencial e nos torna sensíveis para detectar as raízes da crueldade, da maldade e da violência e, ao mesmo tempo, as da magnanimidade, da alteridade e da bondade de que somos naturalmente capazes. Quando a literatura é posta fora de toda essa dimensão, perde seu sentido último e fica parecendo as horas que perderam seu relógio. Por isso, os clássicos da literatura assim são chamados não somente pela habilidade formal com que foram criados, mas também pelo que revelam do homem para o homem. O IFE CAMPINAS pretende ser um espaço para ideias que valorizem a Literatura em toda a sua riqueza.