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Should you Invest in NPS the National Pension Scheme for additional 50,000 and save tax
Finance Minister, Arun Jaitley, in Budget 2015-16 introduced an additional income tax deduction of Rs. 50,000 for contribution to the New Pension…
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What is Gratuity? Formula for calculating Gratuity? How much of Gratuity is Tax free? Tax,ITR
After working in a company for 4 years,10 months and 11 days an employee is eligible for gratuity. Gratuity is…
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Section 234A,234B,234C : Interest Penalty for not paying Expected IncomeTax on Time
You have to pay penalty if you don’t pay expected tax on time. Penalty is in form of interest(thankfully simple…
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NRI and ITR :TDS,Tax and Income Tax Return
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not…
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How to Fill ITR when you have multiple Form 16
When you change job in a financial year you need to make sure that the deductions and exemptions regarding tax liability…
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How to file Income Tax Return Online : Incometax efiling Website,CA,ClearTax etc
As per the tax law, most of the taxpayers have to file their returns electronically. You can file your income…
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YouTube Video:Income Tax,Income and Income Slabs
We recorded our first video and it’s youtube. This Youtube Video is about Understanding the Income Tax , What is…
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Income Tax for AY 2014-15:Tax slabs, ITR Forms
Income Tax Slabs ,Rates,Forms for Assessment Year 2014-15, or Financial Year (FY) 2013-14, applicable on income earned during 01.04.2013 to…
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Senior Citizen Savings Scheme, SCSS : Extension, Interest rate
The Senior Citizen Savings Scheme (SCSS) is suggested as one of the alternatives for the elderly to invest their money,…
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How to find Jurisdictional Assessing Officer : Income Tax
Sometimes for Income Tax related work we need to meet the Jurisdictional Assessing Officer or simply Assessing Officer. Assessing Officer is…

