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Income Tax
Income Tax News
Income Tax Calculator 2023-24
27 Jan 2023
Income Tax Calculator 2023: Steps to Calculate Your Personal Income Tax Here
Everyone is thinking about "how to submit income tax," thus we are providing you with a straightforward income tax calculator, scroll down for the direct link and steps to calculate Income Tax
Business
17 Jan 2023
Tips and Tricks: Follow THESE 5 techniques to SAVE income tax
Business
08 Jan 2023
Planning to buy item worth more than Rs 2 lakhs? Keep THESE documents ready
Business
30 Dec 2022
BIG blow to Insurance holders! IRDAI makes THIS mandatory from January 1
Budget 2023
29 Dec 2022
Budget 2023: Will Income tax exemption limit be enhanced to Rs 5 lakh? Read
Finance Minister Nirmala Sitharaman is expected to present the Union budget for 2023-24, on February 1, 2023.
Donald Trump
22 Dec 2022
Donald Trump paid no income tax in 2020, reported losses in office
Donald Trump refused to make his tax returns public during his two US presidential bids and his campaign for office.
Income Tax
16 Dec 2022
Income tax alert: Govt allows non-resident taxpayers to manually file Form 10F
The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).
Income Tax
14 Dec 2022
Yet to plan tax saving? Invest in these insurance products for tax benefits
One of the most sought-after options to save tax is investing in insurance products. Not only do they guarantee financial protection, but also offer great tax benefits.
Income Tax
13 Dec 2022
TDS on salary: CBDT issues IMPORTANT circular on salary income, check details
The circular basically explains the obligation of employers with regard to the deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for Financial Year 2022-23.
Income Tax
05 Dec 2022
Pensioners ALERT! Sr Citizens can avoid paying tax on pension income; Know how
Senior Citizens, Pensioners can avail tax benefits on income up to Rs 7,99,000. They can get full refund of tax paid in case the net taxable income is under Rs 5 lakhs after deductions. Section 87A of the Income Tax Act provides a rebate to taxpayers.
Income Tax
24 Nov 2022
Tax-filing websites sending users' financial data to Facebook: Report
Users of the well-known service TaxAct, for example, are required to provide personal information in order to calculate their returns, such as their income and investment information.
Goods and Services Tax
22 Nov 2022
Decriminalise GST law, slash personal income tax rates in Budget: CII to govt
Industry body CII has pitched for a reduction in personal income tax rates. CII wrote to the government demanding decriminalisation of the goods and services tax and a relook at the capital gains tax rates Arguing that the GST law already contains adequate penal provisions for deterrence against evasion of taxes, CII has suggested decriminalisation of GST law.
ITR Filing
09 Nov 2022
What is common ITR form? 5 key points tax payers should know
The CBDT has proposed to make changes in the current ITRs that are in the form of designated forms wherein the taxpayer is mandatorily required to go through all the schedules, irrespective of the fact whether that particular schedule is applicable or not.
Income Tax Raid
04 Nov 2022
Income Tax raids at Congress MLA Jai Mangal Singh alias Anoop Kumar Singh's residence
The Income Tax team raided the residence of Congress MLA Jai Mangal Singh alias Anoop Kumar Singh on Friday morning. For more information watch this video.
Income Tax
28 Oct 2022
CBDT extends deadline for filing TDS for non-salary transactions till Nov 30
Form 26Q is used for quarterly filing of TDS returns on payments other than salary.
Electric vehicles
25 Oct 2022
Buying an electric vehicle? Here's how much TAX BENEFIT you can claim
Electric vehicles if bought on loan, claims on income tax can be availed The income tax claims can be available by private buyers and not businesses Similarly, lower GST is being levied on electric vehicles
Long Term Capital Gains
14 Oct 2022
LTCG Tax: How to save tax on long-term capital gains? Check what experts say
Long-term capital gains are taxed at 10 per cent on profits earned by selling equities In case of a property, LTCG is taxed at 20 per cent There are various sections under which LTCG tax can be minimized
Sukanya Samriddhi Yojana
11 Oct 2022
Invest Rs 411 per day in SSY, get nearly Rs 66 lakh upon maturity
Sukanya Samriddhi Yojana Benefits: Account can be opened with a minimum of Rs 250 and Maximum Rs 1,50,000 in a financial year. Subsequent deposit in multiple of Rs 50. Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year.
tax saving fund
10 Oct 2022
ATTENTION Taxpayers! This bank offers 7% interest on RISK-FREE tax-saving plan
Canara Bank Tax Saver plan offers 7% interest rate Maximum investment amount is Rs 1.5 lakh Senior citizens to get additional rate of interest
direct tax collection
09 Oct 2022
Direct tax revenue jumps 23.8 percent to Rs 8.98 lakh crore
Gross Direct Tax collections for FY 2022-23 up to 8th October, 2022 are at Rs. 8.98 lakh crore Net collections at Rs. 7.45 lakh crore, 16.3% higher than net collections for same period last year The Budget had estimated direct tax collection at Rs 14.20 lakh crore this fiscal
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