Tax Savings on HRA There are various avenues from the government to save tax on the income. The deductions allowed are on investments in instruments allowed in Section 80C, Section 80CCC, and Section 80CCD. For […]
A working class salaried individual always has a knot in his/her stomach when it comes to taxation. It is one of our civic responsibilities that we swallow with a pinch of salt. What Is Income […]
Online Income Tax Return Filing The process of filing income tax returns is done every year; however, paying some caution and diligence while filing the ITR will go a long way in your favour. Here […]
Income tax in India, as in all developing countries, is a fraught topic. Ghana, for instance, has revealed in their new budget a determination to widen the tax base. With a low tax-revenue to GDP […]
Tax E-Filing “The hardest thing to understand in the world is the income tax,” said Einstein. As the tax season arrives every year when the salaried and businessperson hurry to meet the deadlines to present […]
As an attempt to simplify the tax filing process and reduce the compliance burden on the taxpayer, The Central Board of Direct Taxes (CBDT), or the regulator of income tax, has reported the simplified new […]
Tax Saving Options in 2017-18 Knowledge about income tax deductions is not only helpful for individuals but also for Companies, Individual firms and a Hindu United Family (HUF). You would need to know what kinds […]
Taxable and Nontaxable Income in India Beyond a certain annual income, you need to pay a percentage of tax on your income. This differs with differing gender, age, whether you are a businessman or salaried […]
A house is a necessity for every human being. We strive endless, to achieve the goal for ourselves, by making savings regularly, by taking home loans, and through other means. Fortunately, the government realizes the […]
In most cases, employees are paid a certain amount in lieu of the services provided by him or her to their respective employers, upon retirement. This amount is paid periodically and is referred to as […]
Income tax return is a tool for the government. It helps to assess nation’s wealth and plan out schemes and services accordingly. Consequently, the government will have a better idea about the economics of the […]
Income Tax Computation A tax refund is a rebate on taxes, when the tax liability is less than the taxes paid for the given financial year. In such cases, taxpayers can get a tax refund […]
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