November 27, 2020
Income Tax, Taxation
Tax Rates and Income tax exemptions for salaried employees in India In India, generally, the income tax is imposed on individual taxpayers or salaried employees depending on the slab system in which different tax rates have been officially set down different slabs and such tax rates keep increasing on …
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November 27, 2020
Income Tax, Taxation
What is Advance Tax & How to pay Online? As the name hints, Advance Tax is a tax which is paid in advance by the taxpayer as a part of his/her yearly taxes, instead of lump sum payment . If the person’s tax liability exceeds Rs 10,000 in a …
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November 27, 2020
Income Tax, Start Ups, Taxation
What is Agricultural Income – Tax treatment / Taxability According to Section 10 (1) of the Income Tax Act, Agricultural income is not taxable as it is not considered as an individual’s total income in India. However, as per the state government, agricultural income will come under taxable, if …
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November 21, 2020
Income Tax
Things That Will Happen If You Fail To File Income Tax Return (ITR) in India “Its every Indian citizen’s duty to File the income tax returns on or before the due dates as per section 139(1)”. In case, any individual hasn’t filed their income tax returns in India before the …
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November 21, 2020
Income Tax
How Does Income Tax Return Filing Online Works in India? The tax imposed on the income of individuals, corporations, businesses, or other legal entities is officially named as Income Tax. There is no fixed tax rate for all ranges of incomes, it differs depending on different sectors and sections, …
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November 21, 2020
Income Tax
How to Calculate Your Income Tax in India – Easy 5 steps For many, Income tax in India is considered as a necessary evil. With continuous-changing tax laws and several lingos – tax exemption, tax deduction, tax rebate, tax-saving and so on – to decrypt, most of us we …
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November 9, 2020
Income Tax
Are you just pass out from the college and searching for a job? Or you already have a job and going to file your first income tax returns? If the essence of income tax confuse you? WE are here to guide and help you. Our main aim is to explain …
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November 9, 2020
Income Tax
Why Do So Few Individuals Pay Income Tax In India? – This is the one question that comes to all honest taxpayers who are concerned with and are dealing to make sense of it. Some of the experts in this field have mentioned some of the important facts and aspects …
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March 25, 2020
Income Tax
The last date for filing Income Tax Returns (ITR) has been extended to June 30 The deadline for the income tax return for the financial year 18-19 has been extended to 30th June 2020. Importantly, the delayed payments interest rate has been cut down from 12 percent to 9 percent, …
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February 25, 2020
Business Tips, Income Tax, Start Ups, Taxation
Tax audit is an activity in which a tax agency or an auditor goes through or reviews the complete data of accounts of a business to see the tax compliance. It is mandatory for all companies to ensure that they have conducted regular audits legally under Section 44AB of the …
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