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Basics of Income Tax Return
In this article we shall try to understand about Income Tax return?What it is? Why is it needed? How does…
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Examples of Income Tax Calculation
Based on the queries received on the forum we realized that there is confusion about how to calculate income tax.…
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Understanding Form 12BA
For person earning income from Salary , documents Form 16, and Form12BA are provided by employer which has details about…
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Understanding Perquisites
For person earning income from Salary , documents Form 16, and Form12BA provided by employer are needed.Understanding Form 16: Tax…
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Understanding Form 16: Tax on income
In our earlier article Understanding Form 16: Part I and Understanding Form 16: Chapter VI-A Deductions we had found the Employee’s taxable income after…
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Understanding Form 16: Chapter VI-A Deductions
In our article Understanding Form 16:Part 1 we had looked at the Details of Salary paid and how the Gross…
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Understanding Form 16: Part I
Form 16 is a certificate issued by employers, giving details of employees’ TDS (tax deducted at source) usually by mid-June and is…
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Overview of Recurring Deposits or RD
“Boond boond se sagar banata hai” (little drops of water make an ocean) As per this saying, small but periodic…
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Methods of accounting: Mercantile and Cash
The post tries to explain the two methods of accounting – mercantile(accrual) and cash. Under the mercantile (accrual) method, incomes…
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Avoid TDS : Form 15G or Form 15H
When you open a fixed deposit with bank then you are lending money to the bank and it pays you…
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Basics of Capital Gain
Gains, which arise from the transfer of capital assets, are subject to tax under the Income-tax Act. If one sells an…
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When Partner Wants to Quit Job to Start Business? A Couple’s Money Guide
When a partner wants to quit job to start a…
