Pay Scale Meaning As per the provision of sec 12A of the income tax act income of an organization is exempted if NGO has 12A registration If the registration under section 12 A is not done the NGO or organization must pay income tax on the surplus income during the year This registration under section 12A is a one time registration Registration as a company
If the payer tenant is liable to deduct TDS on rent however the same has not been deducted then the payer tenant would be liable to pay the penalty 1 per month from the date the tax was to be deducted till the date tax actually deducted 3 Separate letting of furniture and building GST Appellate Tribunal Procedure Rules 2025 Notified by Finance Ministry Last updated 25 April 2025
Pay Scale Meaning
Pay Scale Meaning
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Pay Scale Meaning How Pay Scale Functions Types Of Pay Scales
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Threshold limit for exemption common for both goods and services shall be in between Rs 10 20 lacs No need to pay tax Gross turnover of goods upto Rs 1 5 crores may be assigned exclusively to states Gross turnover of services upto Rs 1 5 crores may be assigned exclusively to centre Gratuity actually received 11 00 000 Income Tax exemption is the least of the following
The winding up provision under the present Companies Act is a vestige of the erstwhile Companies Act 1956 which provided for winding up by the High Court including for failure to pay any debt With the introduction of the Companies Act and more importantly the IBC the scope of winding up under Section 271 of the Companies Act has become narrower One of the biggest changes is the exemption for incomes up to Rs 4 lakh meaning individuals earning below this threshold will pay no tax at all For those with incomes up to Rs 12 lakh the increased rebate under Section 87A results in
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Small and medium scale businesses can avail of GST exemptions if their aggregate turnover is up to a specified limit These limits are as follows Businesses and individuals who are supplying goods can claim GST exemption if their aggregate turnover is less than Rs 40 lakhs in a financial year Its a scale where u wud be put anywhere in between Like u can start by getting a basic pay of Rs 29500 pm the scale decides your grade pay transport allowance and other amenities one of my friends in this pay grade gets a basic of around 29000 and his overall income comes out to Rs 52000 pm
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As per the provision of sec 12A of the income tax act income of an organization is exempted if NGO has 12A registration If the registration under section 12 A is not done the NGO or organization must pay income tax on the surplus income during the year This registration under section 12A is a one time registration Registration as a company
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If the payer tenant is liable to deduct TDS on rent however the same has not been deducted then the payer tenant would be liable to pay the penalty 1 per month from the date the tax was to be deducted till the date tax actually deducted 3 Separate letting of furniture and building
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Pay Scale Meaning - Gratuity actually received 11 00 000 Income Tax exemption is the least of the following
