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Using Tax Calculator for Calculating Indian Income Tax
Income tax calculation is one of the most complicated things for many people. Those who are not aware of the rules and regulations of income tax fear calculating the tax and planning their returns....
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Tax Calculator “What Will Indian Income Tax Department Take Away From You”
Tax Calculator “What Will Indian Income Tax Department Take Away From You” Every year in the last week of February, a new National budget is presented. The finance minister along with all the national...
View ArticleKey dates for Indian taxes
There are many who think that the major rush for filing return and submitting different income related certificates is only in between January and March. But all the year through there are deadlines...
View ArticleLong Term Capital Gains computation and tax rates
In simple layman terms capital gains as the name suggests is a type of monetary gain which has been acquired from various types of capital goods. Long term capital gains or LTCG is applied in context...
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Capital gains tax rates
Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments that taxed certain rates. And then, there are certain...
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Consequences of Failure to Deduct TDS
Payment of tax to the government according to the TDS provisions as provided in the Section 201(1A) & Section 40(a) has to be made by the income tax payee within the given time duration. If a...
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Why one should not invest in a second house?
Tax is a major issue for purchasing a second house as an investment. A person is required to pay tax on the rental income arising out of a second house even if it is vacant. But the Direct Taxes Code...
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Can one claim deduction or exemption if missed in form 16?
When salaried people file their final proofs relating to tax, if an employee fails to file any detail, the deduction claimed by him is not granted by the employer. It is considered that expenses...
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Can one claim deduction or exemption if missed in form 16?
When salaried people file their final proofs relating to tax, if an employee fails to file any detail, the deduction claimed by him is not granted by the employer. It is considered that expenses...
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A summary on some uncommon tax saving tips
For many people ‘tax savings’ mean sand include life insurance policies, National Savings Certificates , etc. which qualify for tax deduction as provided in Section 80 C of the Income Tax Act....
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