Section 80C allows individuals to avail of deductions from taxable income. This section helps individuals to help in savings investments. These particular sections provide various ways for c… Read More
In 2022, a striking 10% of India’s vast population had crossed the age of 60, highlighting the crescendo of retirement’s chorus. But here’s a twist: nearly 40% of this silv… Read More
Have you ever noticed the fascinating world of ants, where strategic planning and survival instincts reign supreme? As the summer sun graces the land, these diligent creatures gather their p… Read More
The Importance of Tax Planning
As the famous saying goes, “A penny saved is a penny earned.” Tax planning is one of the ways which can help you save on taxes and increase your… Read More
After retirement with National Pension Scheme Rs. 75 000 to get pension!
National Pension Scheme Planning for retirement? Do you want to continue living without financial problems after re… Read More
Section 80C of the Income Tax Act
Section 80C of the Income Tax Act of India is a powerful tool that offers individuals and Hindu Undivided Families (HUFs) the opportunity to reduce thei… Read More
Combined Study of Section 115C, 115D,115E, 115F & 115H of the Income Tax Act Applicable to Non Resident Indian (NRI)
The Special provisions of the Income Tax which are applicable to Non… Read More
Tax planning and filing income tax returns (ITR) are crucial aspects of financial management for salaried employees in India. Proper tax planning not only helps in optimizing tax liability b… Read More
Are you looking for investment options which can save your tax and help you in building retirement corpus? By investing in NPS, you can do both with relative security!
The National Pensio… Read More
Tax planning for the salaried employees is a matter of planning and discipline. There are certain questions in the mind of every salaried employee like How to save tax on my salary? Why majo… Read More
Do I need to submit an income tax return if I don’t owe any money to the government?
ITR filing deadline: July 31, 2023, is the deadline for filing an income tax return (ITR) for fi… Read More
As the financial year 2023-24 begins, it’s important to be aware of various strategies and tips that can help you save income tax on your salary. By effectively utilizing the provision… Read More
What is the full form of GST?
Taxes are major sources of revenue for the government for the functioning of a country. The Goods and Services Tax (GST) Act was passed on 29th March 2017 and c… Read More
1. Utilizing Business Expenses and Deductions:
Businesses can claim deductions for various expenses incurred in the course of their operations. Some important deductions include:
Rent, uti… Read More
Introduction
Filing income tax returns might seem overwhelming to someone who is paid. However, the process has significantly simplified and become much faster with the introduction of e-fil… Read More
What You Need to Know About Income Tax Filing in India
Income tax is a charge made by the government in India on money made by people and businesses over the course of a fiscal year. Dependi… Read More
New Modified Financial Rules: The new fiscal year starts from April. In such a situation, many changes are going to happen from today, which will directly affect your monthly budget… Read More
As an individual who is not receiving a salary, it can be challenging to navigate the tax system in India. Whether you are a freelancer, a business owner, or someone who receives income from… Read More
As investors, we constantly seek the best ways to generate tax-free income. While taxes are necessary for a functioning economy, the government also offers several exemptions and deductions… Read More
In India, paying income tax on salary income is mandatory for all individuals. However, the government has provided various ways to save income tax legally, which can be taken advantage of t… Read More
Income tax is a tax levied by the government on the income earned by individuals and entities during a financial year. The Income Tax Act, 1961 governs the taxation of income in India. Under… Read More
The Union Budget this year came with welcome changes for different categories of taxpayers. Unlike the previous years, the Hon’ble Finance Minister doled out some benefits for litera… Read More
Tax-saving season is right here and most of us scurry at the ultimate-minute to make investments and declare deductions. neatly, you no more should procrastinate because it may also be… Read More
After working for around four-and-a-half years with a company, I quit my job in December 2021. I found a new job in mid-February 2022 and also got my employees’ provident fund… Read More
As an earning member of your family, a majority of your income might be spent in covering expenses. These may be household expenses, medical expenses and education-related expenses if you ha… Read More