Giving Gift – Rules You Should Know to avoid Taxes
Clear cut Income Tax
rules have been sent with respect to receiving and giving gifts. Let us look at
some salient points pertaining to this aspect.
Gifts...
The Impact of the New Tax System on Taxpayers: What You Need to Know
The recently implemented tax regime in our country has both advantages and disadvantages that can affect various stakeholders. Let us examine some of these benefits and drawbacks.
Advantages:
1. Simplification of tax structure :...
Claiming House Rent Allowance HRA Tax exemption in different rental situations
House Rent Allowances is one of those allowances that save a lot of tax for people who feel burdened by the same. Unlike many other salary components House Rent Allowance (HRA)...
Complete guide on Tax Saving Deductions on Medical Insurance
Many myths prevail in air
when it comes to finance and insurance related matters. One of the main reasons
for such misunderstanding is the lack of complete knowledge about the financial
and...
Are you feeling confused about the many aspects involved in Tax savings?
Growing money by investing the same in appropriate avenues is basically an art. Many among us try hard and learn ways to multiply the hard earned money in a...
20 Full & Partially Taxable components of Salary You Should Know?
Many salary components are fully taxable and some are partially taxable as per the existing Taxation structure. Let us look at the tax applicable on salary components in details...
10 Common Income tax filing mistakes You should Avoid
Government rules pertaining to filing Income Tax returns have been set in a simple and clear cut manner. Every citizen who earns more than the stipulated slabs of Income...
Tax on Salary components
Many salary components are fully taxable and some are partially taxable as per the existing Taxation structure. Let us look at the tax applicable on salary components in details...
Understanding the new tax regime – 4 key considerations before switching to new tax...
The Indian government has recently introduced offers taxpayers the option of choosing between the existing tax regime and the new tax regime. However, before switching to the new tax regime, taxpayers...
8 Advantages of Filing Income tax Return on Time
Filing Income Tax returns on time brings with it many advantages. Let us have a look at the many Advantages of Filing Income tax Return on Time offers to...