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Save Income Tax : wiser ways of saving income tax
For preparing calculative and fast income tax, you should to keep records of all the receipts and bills in a systematical manner. Like this, you can do more changes in the expenses, for the next year to save your tax.
The employers of the company or office can keep the record of their official traveling [...]
Advance Tax
As the name suggests, it refers to paying a part of your yearly taxes in advance. Advance tax is the income tax payable if your tax liability exceeds Rs 10,000 in a financial year. Advance tax should be paid in the year in which the income is received.
Advance tax is applicable when an individual [...]
PAN must to buy jewellery worth Rs5 lakh and more or paying an insurance premium of Rs50,000
Any person planning to buy jewellery worth Rs5 lakh and more or paying a life insurance premium of Rs50,000 or above, has to quote PAN (Permanent Account Number) from July 1. As per the amendments in the income tax (I-T) rules, coming into effect from July 1, quoting PAN will be mandatory for any [...]
Post Office savings schemes to be taxed
The government has decided to levy tax on the interest obtained on Post Office savings schemes from the current financial year.
The Central Board of Direct Taxes (CBDT) has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in [...]
E-filing of Income Tax Return
E-filing of income tax return is an easy, 15-minute job. And it is definitely smoother than finding a tax consultant, haggling for the right price and then waiting endlessly for him to do the job at his whims.
So, how do you do it?
STEP 1
Go to the website of directorate of income tax, India, and [...]
How To Save Income Tax In India?
As per the government law, it is mandatory for every citizen to pay the income tax. Tax assessment takes place every year in the month of March. Government has given so many benefits to the taxpayers. Tax payment is applicable for a person who is generating profit by any mode either by the business [...]
Previous Stories
- Save Income Tax : wiser ways of saving income tax
- Advance Tax
- PAN must to buy jewellery worth Rs5 lakh and more or paying an insurance premium of Rs50,000
- Post Office savings schemes to be taxed
- E-filing of Income Tax Return
- Income Tax Slabs For Financial Year 2011-12
- Tax Saving Tips : Save your tax and save a lot of money
- Income Tax Basics : 10 Things You Should Know
- Income Tax Refunds
- Filing Income Tax Returns in 10 Easy Steps
- How to Save Your Income Tax
- Save Income Tax : Deduction under section 80C
- Income Tax India
- New tax code for NRIs
- Govt introduces direct tax bill in parliament
- Section 80C and Section 80D Saves Income Tax
- Income Tax Slabs for 2010-11
- Budget India : Union Budget 2010 Highlights
- Save Income Tax : Finance Minister revised the tax slabs
- Documents required for Filing IT Returns
- Save Income Tax : House Rent Allowance
- Schemes for Income Tax Saving in India
- Save Income Tax : Take a Home Loan and Save Tax
- Investment schemes for deduction of income tax
- Save Income Tax : Few investment options for saving tax
- The Basics tips to save your Income tax and remove mistakes
- Save Income Tax : These Incomes are tax free from Income Tax
- Save Income Tax Through Investments
- Income Tax Saving Mutual Funds in India
- All these incomes are tax free for Financial Year 2007 08
