Best Ways to Save Your Taxes in 2024
We have a perception that the best ways to save taxes in India are just under Section 80C. However, that is not the case. There are various other ways to …
income tax return e-filing
Know Reasons Why You Should File Your Income Tax Return
Generally, Income Tax Return is to be filed by the individuals, if their income exceeds the threshold limit of Rs. 2.5 lacs, set up by the Ministry of Finance, Government …
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Know about the income tax slabs FY 2022-23 | FY 2021-22
There is no change in income tax slabs for the Financial Year 2022-23; Assessment year 2023-2034. Income Tax is charged on the persons as per the income(s) earned by them …
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Do’s and Don’ts of filing Income Tax Return
During each Financial Year, we are required to file our Income Tax Returns, also commonly known as ITR. Many of us think that filing of ITR is not necessary in …
Clubbing of Income of Husband & Wife
Clubbing of income, as the name suggests is the income of one person is clubbed with the income of the another person. Many of the persons think that if they …
Know Penalty for Late filing of ITR (Section 234F)
It is a settled law that every person who has earned income above the basic exemption limit has to file Income Tax Return during each financial year. Further, these ITRs …
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How to File ITR online for Salaried Employees
As per the Income Tax laws, any individual whose primary source of income is salary has to file Income Tax Return-1 or ITR-1 form, commonly known as SAHAJ form.
Important Due Dates for Various Compliances in March, 2021
The month of March is the last month of the financial year. To give taxpayers one last time opportunity, various departments have also extended the due dates and the last …
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Know about Clubbing of Income of Husband & Wife
Clubbing of income, as the name suggests is the income of one person is clubbed with the income of the another person. Many of the persons think that if they …
Special Allowances under Income Tax
Allowances are like incentives given by the employer to its employees apart from the salary. The majority of the exemptions and special allowances under income tax return provided by the employer …