लखपती योजना       धनलक्ष्मी ठेव योजना (दाम दुप्पट)      धनवर्षा ठेव योजना (दाम दिडपट)      धनवर्धिनी ठेव योजना (दाम दिडपट पेक्षा जास्त)      होम लोन
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INCOME TAX  (Rate for Assessment Year 2014 - 2015)

Personal Income Tax

Income

Tax Rate

A)    Individuals & H.U.F.

     

                Rs. 2,00,000 upto

Nil

                Rs. 2,00,001 to 5,00,000

10%

                Rs. 5,00,001 to 10,00,000

20%

                Rs. 10,00,001 to onward

30%

B)            Ladies

     

                Rs. 2,00,000 upto

Nil

                Rs. 2,00,001 to 5,00,000

10%

                Rs. 5,00,001 to 10,00,000

20%

                Rs. 10,00,001 to onward

30%

C)            Senior Citizen

     

                Rs.2,50,000 upto

Nil

                Rs. 2,50,001 to 5,00,000

10%

                Rs. 5,00,001 to 10,00,000

20%

                Rs. 10,00,001 to onward

30%

     

     

     Tax Credit: Rs. 2000 for every person whose income doesn’t exceed Rs. 5000,000

     10% Surcharge on Income above Rs.10,00,000/-  & Education Cess 3%  on (Tax + Surcharge)

DEDUCTION

Under Section 80c & 80ccc :

Deduction upto Rs.1,00,000/- shall be allowed in respect of payment towards Life Insurance Premium, Contribution towards P.F., N.S.C., Expenditure on Education of Children, Repayment of Housing Loan & Investment in eligible issue of Capital & Fixed Deposits of 5 Years & more with a Scheduled Bank.

Under Section 80D :

Mediclaim Insurance upto Rs.15,000/- + 15,000/- for Medical Insurance of Parents.

Under Section 80G :

General Deduction is 50% of Amount Donated to approved institution.

     

FRINGE BENEFITS TAX ON COMPANIES (FBT)

Individuals, HUF, Charitable institutions and Trusts are exempted.

Expenses on advertising have been exempted from FBT.

20% chargeable on Entertainment, Publicity, Sales Promotion, Hotel Boarding and Lodging, user of Telephone and Mobiles. Repair, running and maintenance of Vehicles, Festival celebration.

5% chargeable on Tour, Travel & Hospitality.

50% chargeable on Gifts, user of Club Facilities, Conference, Use of Health Club, Sports, and Similar Facilities and Scholarship to the Children of Employees.

     

CASH WITHDRAWALS TAX

     

     

Saving Accounts

:

Nil

On Current Account of Companies and Firms

:

Exempt upto Rs.1 Lac in a Single Day

On Current Account of Individuals and HUF

:

Exempt upto Rs.50,000/- Lac in a Single Day

     

     

     

SERVICE TAX

Service Tax 12% plus Education Cess 3%. Small service provides whose gross annual turnover is less than Rs.10 Lac are exempt from Service Tax. Few more service added.

LIST OF BANK HOLIDAYS - 2015

Republic Day

26

January

Monday

Maha Shiv Ratri

17

February

Tuesday

Shivaji Maharaj Jayanti

19

February

Thursday

Holi

6

March

Friday

Gudi Padwa

21

March

Saturday

Ram Navami

28

March

Saturday

Mahavir Jayanti

2

April

Thursday

Good Friday

3

April

Friday

Dr. Ambedkar Jayanti

14

April

Tuesday

MaharashtraDay (Labour Day)

1

May

Friday

Boudha Pornima

4

May

Monday

Ramjan Id (Id - ul - Fitr)

18

July

Saturday

Independence Day

15

August

Saturday

Parsi New Year

18

August

Tuesday

Ganesh Chaturthi

17

Septmber

Thursday

Bakari Id (Id - ul - Zuha)

25

Septmber

Friday

Gandhi Jayanti

02

October

Friday

Dussehra

22

October

Thursday

Moharram

24

October

Saturday

Diwali (LAXMI PUJAN )

11

November

Wednesday

Diwali

12

November

Thursday

Guru Nanak Jayanti

25

November

Wednesday

Eid-a-Milad

24

December

Thursday

Christmas Day

25

December

Friday

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