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Calculation of Income Tax and Financial Planning

A One day Training Programme on “Calculation of Income Tax and Financial Planning” was organized in the college on April 06, 2019. The renowned Chartered Accountant of Ambala Cantt., Mr. Vijay Gupta was the Star Speaker of the programme. Mr. Gupta informed the teaching and non- teaching staff of the college regarding the assessment of income tax for a financial year. He discussed with the audience the need for tax planning and the various ways by which tax burden could be reduced. Then he suggested some ways for enhancing individual and institutional savings. CA Gupta also described the Tax slabs and exemption limits under various Sections for the current financial year.  He gave several valuable tips on how to save tax on income generating through long term capital gains. He also cautioned the staff members against the late filing of Income Tax Returns.  He suggested how to save tax by investing in NPS, PPF, Healthcare insurance, etc.  In the end of the session, Principal, Dr. Raj Pal Singh thanked CA Vijay Gupta for answering the queries of staff members and enlightening them on different benefits and deductions available under Income Tax Act.