deduction

Exceptions Where interest paid does not exceed Rs 5000 Paid to any banking company, any financial corporation, LIC,UTI,or any company or co-operative society carrying on the business of insurance, such other institution, association or body or class of institutions, associations or bodies...

Income Tax Deduction Income tax is a form of direct taxes imposed by the federal or state governments of a particular country upon the citizens or legal entities of the state. Income tax can mainly take two forms, i.e. a personal income tax or a corporate income tax. It is a direct levy on the...

heres a project on tax deduction at source(TDS) Hope its useful..:SugarwareZ-191:

TDS Eight per cent taxable bonds, floated by the government in 2003, will attract tax deduction at source (TDS) from Friday on interest exceeding Rs 10,000 in a year. "Tax is required to be deducted at source on the interest exceeding Rs 10,000 payable during the financial year on 8 per cent...