Financial year 2019-20 : Income Tax Savings date is extended to 30 June 2020..!

Financial year 2019-20 : Income Tax Savings date is extended to 30 June 2020..! For the purpose of  Income Tax Savings 80C, 80D etc.. , one had a complete investment in ELSS mutual fund, Life Insurance etc till 31 March 2020 for the financial year 2019-20  This date is extended…

Share:

Read More

Income Tax Benefits on Electric Car Loan Repayment under Sec 80EEB What are the real tax benefits?

Income Tax Benefits on Electric Car Loan Repayment under Sec 80EEB   What are the real tax benefits? The Union Budget 2019-20 brought good news if you were planning to purchase an electric bike or car on loan. A new section 80EEB was introduced to provide deduction up to Rs. …

Share:

Read More

TAX FILE The 4 transactions will be mandated to file ITR..!

The 4 transactions will be mandated to file ITR..! The amendment will take affect from April 1, 2020. Individuals carrying the following transactions will be mandated to file ITR: 1. Payments towards electricity consumption bill of more than Rs 1 lakh per year. 2. Making depos…

Share:

Read More

INCOME TAX RATES FOR INDIVIDUALS WORLD WIDE

INCOME TAX RATES  FOR INDIVIDUALS  WORLD WIDE AS ON JULY 2019 Alerts - Income Tax

Share:

Read More

Tax Calculator for FY 2018-19, AY 2019-20 : Excel Download..!

Tax Calculator for  FY 2018-19, AY 2019-20 : Excel Download ..! Budget 2018-19 has made some changes to Income tax for individual.  There has been no changes in the income tax slab, however there have been some changes related to salaried / pensioner tax payers and senior citi…

Share:

Read More

2018-19 How to Pay ZERO Income Tax on Rs. 16 Lakh Salary?

2018-19  How to Pay ZERO Income Tax on Rs. 16 Lakh Salary?  Salaried class have always complained of raw deal year after year in income tax laws.  But the good news is you can still manage to pay Zero (NIL) income tax on salary of up to Rs. 16 lakhs.  All you need to have is …

Share:

Read More

why Income Tax is levied on pension

All retiree members please initiate a movement - every retired person after rendering 30 to 36 years of service to the Govt or the Department where he worked and for all his services the Dept. pay him/her salary which is of course treated as income and is liable for inc…

Share:

Read More

FY 2017 - 18 Income Tax Savings - Look Beyond Section 80C..!

Income Tax Savings - Look Beyond Section 80C..!  by Mr.  Mohit Gang Co-Founder & CEO Moneyfront Most investors are aware of only Section 80C for tax planning. But, there are several other tax saving options which give you additional tax exemption, apart from that in Section…

Share:

Read More

19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons

19 Changes in Income Tax laws in FINANCIAL YEAR 2017-18 For Salaried Persons By Mr. Amit Kumar, Apnaplan.com Changes in Income Tax (IT) laws from April 2017 The financial bill 2017 (commonly known as Budget) has been passed by the Lok Sabha with some amendments. This bill deal…

Share:

Read More

How Reduce Income Tax Burden of Employees?

How Reduce Income Tax Burden of Employees? by Mr. RP Yadav, Genius Consultants For any company, the real assets are its employees. While companies reward their hard working employees every year, they must pay attention to the compensation structure being offered. A higher pac…

Share:

Read More

ICICI Prudential MF - Bharat 22 ETF

ICICI Prudential MF -  Bharat 22 ETF ICICI Prudential Asset Management Company has filed a draft document with SEBI for the Bharat-22 exchange-traded fund (ETF). Bharat-22 will comprise stocks of 22 blue-chip public sector units, State-owned banks and some holdings in the Spe…

Share:

Read More