Tue, Jan 28, 2020
Budget 2020 Expectation: Call for reduction of income tax on income up to Rs 10 lakh; this could give a boost to consumption and kickstart economy, experts say
More >
Fri, Jul 05, 2019
A little teaser by Nirmala Sitharaman has shed some light during Economic Survey 2018-19 and 35th GST council meet about how things may pan out going forward. It will be interesting to know how does final Budget 2019 turns out!
Budget 2019: New Income Tax Slabs, Amount Calculator: There are salaried employees whose expectations were running high amid declaration of Income Tax slabs.
Thu, Jul 04, 2019
Post Economic Survey announcement, experts believe a few measures can actually help achieve this target, and one can expect certain announcements tomorrow during the presentation of Budget 2019.
Fri, Jun 21, 2019
Real estate plays a major role for Indian economy, and this time realtors are hoping for big tax breaks - both direct and indirect - in Union Budget 2019.
Fri, Jun 14, 2019
Section 80C is not the only thing that income tax payers should be looking at. In fact, many are eyeing tax relief for bond investment like the one under Section 80CCF.
In the interim Budget 2019, the then interim FM Piyush Goyal raised the bar of expectations of taxpayers with a host of tax rebates.
Fri, Jun 07, 2019
Honestly, not many are aware, but the Income Tax Department does give tax exemption on the meals in your office.
Mon, Jun 03, 2019
The system and tax formulation is different when it comes to winning money from lotteries, races, bets etc.
Mon, May 27, 2019
During the interim Budget, there was a wave of joy among taxpayers.
Mon, Feb 18, 2019
Currently, Income tax rates for salaried employee below 60 years of age - stands NIL on below Rs 2.5 lakh income, 5% between Rs 2.5 lakh to Rs 5 lakh income, 20% between Rs 5 lakh and Rs 10 lakh income and 30% above Rs 10 lakh income.
In the interim Budget 2019, interim finance minister Piyush Goyal introduced a host of good news for taxpayers, by increasing standard deduction up to Rs 50,000 and giving tax rebate to employees earning salaries up till Rs 5 lakh.
Tue, Feb 05, 2019
It is of utmost importance that you know what your income tax rate is and how much you will have to pay post Budget 2019.
Mon, Feb 04, 2019
Considering the tax reliefs given to middle class salaried employees, consumer companies now believe that there will be massive rise in their products ahead.
Fri, Feb 01, 2019
Individual taxpayers will get tax rebate of up to Rs 5 lakhs and will not be required to pay any income tax.
There are some hidden clarifications which has slipped through the minds of employees and citizens, in the midst of Rs 5 lakh tax free bubble.
Yes, government has provided income tax relief to salaried employees whose gross salary is up to Rs 5 lakh. Simply put, you do not have to pay any taxes if you earn this much. This means people earning more than Rs 5 lakh will continue to pay taxes like earlier.
Every employees is liable to pay taxes on their income, and hence such deduction reduces the amount a taxpayer pays to Income Tax Department.
Tue, Jan 08, 2019
Every employee’s gross salary is a sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance.
Wed, Jan 24, 2018
It is expected that the government may increase the income tax exemption limit to Rs 3 lakh from currently Rs 2.5 lakh.
Fri, Jul 28, 2017
Defaulters will have to pay Rs 5,000 if taxes are paid after the deadline of July 31 but before December 31 of the assessment year.
Tue, Jul 11, 2017
Union Cabinet last month under Prime Minister Narendra Modi gave its final go-ahead to 7th Pay Commission recommendations with 34 modifications.
Sat, Jul 08, 2017
Government has notified to quote their Aadhaar for applying PAN. We tell you how to file your income tax returns if you have to file using ITR-4.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
