New Regime For Men/Women Upto Rs. 2,50,000 Nil Rs. 2,50,001 to Rs. 5,00,000 5 per cent Rs. 5,00,001 to Rs. 7,50,000 10 per cent Rs. 7,50,001 to Rs. 10,00,000 15 per cent […]
Income Tax Slabs Fy 2020-21: New & Old regime
Income Tax on Rental Income
“Home isn’t where you’re from, it’s where you find light when all grows dark.” ― Pierce Brown, from the book : Golden Son The Annual Taxable Value of the property is calculated by […]
Individuals Taxpayers have to pay penalty for delaying income tax returns
Individuals taxpayers who have not filed their income tax returns for the past two years with over Rs.50,000 of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) will have […]
Key Taxation Highlights Union Budget 2018-19
In the context of upcoming General Elections, Budget 2018-19 laid a strong focus on the agricultural, Infrastructure, healthcare and education sectors in the country. Some of The Key Highlights of the budget are […]
Income Tax Exemption Updates : For FY: 2016-17
80 C : Max limit : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50% of your investment which ever is less 80D : […]
Reliance tax saver topping the chart in the equity tax planning category
As on December 31, 2014 Reliance Tax Saver Fund stood at number one position under the equity tax planning category. Its Net Assets stood at Rs. 3618.07 crore. For a time period […]
Tax Reckoner for Investments in Equity Mutual Funds FY 2014-2015
Please find herewith Income-tax Rates in India for Resident Individuals / HUF, Domestic Corporates and NRIs on Investments in Equity Mutual Fund Schemes for the FY 2014-15. Budget 2014 saw two changes […]
Tax Declaration Form 15G/15H
We are receiving queries regarding New Form 15G/15H, its benefits and procedure of filling & submission of Forms. Here we are sharing the complete details Form 15G/15H are Self-Declaration Forms required for […]
Investment limit in Infra bonds to be increased?
The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while […]
Earning more than 3500 on postal savings account ? Pay tax
You will now have to pay tax on interest earned beyond Rs 3,500 on a postal savings bank account. In a recent decision, the Central Board of Direct Taxes , the apex […]
