You might be salaried employee or businessmen, income tax is a pain. List of articles provided below would provide tips about saving income tax and filing income tax returns on-time
Top 10 Best Tax Saving Fixed Deposit Schemes in 2019 in India Bank Fixed Deposits are conventional method of investing in India. While Bank FDs and Post Office FDs provide fixed rate of interest, these are good for low risk investors. If you are an employee or business person and are low risk taker and […]
New Revised Form 16 – What an employee should know about it? Every salaried individual might be fully aware of Form 16. It is the form received by an employee from his employer containing the information regarding the TDS for the financial year. The Income Tax Department has revised the format of Form 16 and […]
Which ITR Form should be used for FY2018-19 (AY2019-20)? Few days back, Central Board of Direct Taxes (CBDT) has issued notification about new ITR forms that are applicable for A.Y. 2019-20 (Financial year 2018-19). While there is no change in ITR1/Sahaj, there are some modifications done for ITR1, ITR2, ITR3, ITR4, ITR5 and ITR7. Since […]
How to check whether you are eligible for the Tax Rebate on Rs 5 Lakhs Taxable Income u/s 87A? Interim Budget 2019-2020 has brought some benefits and rebates to taxpayers. One among is Zero tax or No income tax for Rs 5 Lakhs taxable income. Many experts interpreted them in various ways. It was indicated […]
Income Tax Investment Proofs Submission – Checklist and Guidelines If you are salaried employee, you need to submit income tax proofs for 2018-2019 so that you can get income tax benefits. Salaried employees would declare income tax deductions at the beginning of the financial year, however, need to submit tax proofs during January or February […]