Recent posts on Income tax

Employees are required to provide a declaration at the beginning of the financial year or at the time of joining the organization showing proposed investments and expenses eligible

Home buyer can get additional tax deduction up to Rs 50000 on interest on loan taken for residential house property if all the conditions of section 80EE are

As per Section 192 of Income Tax Act, any person responsible for paying any income chargeable under the head “Salaries” shall at the time of payment deduct income

Surcharge is an additional charge levied on tax if income or turnover crosses a limit as specified in tax law. They are used to ensure that the rich

Companies in India are required to file tax return by September 30th of the year following the close of its tax year. If you have incorporated a private

After calculating tax liability based on the slab rates, you are required to deduct tax rebate under section 87A if it’s applicable to you. A rebate is like

Budget 2017 has proposed to change the tax rates for the previous year 2017-2018 i.e. assessment year 2018-2019 by keeping income tax slabs unchanged. Existing rebate available under

Earlier, a taxpayer can verify their tax return either by using Digitally Signed Certificate (DSC) or by sending signed ITR-V copy to Income Tax Department, CPC. With the

Many salaried persons are under the impression that if full tax has already been deducted by employer from their salary then they are not required to file their