by Vidya Kumar | Jun 3, 2020 | Income Tax, Vidya Kumar
Summary: The new tax regime offers lower tax slabs. But many deductions and exemptions available in the old tax regime cannot be availed of. In the new regime, you will have the freedom to invest in any instruments without worrying about tax benefits. But the old...
by Vidya Kumar | Sep 5, 2019 | Income Tax, Vidya Kumar
Executive Summary: There are five key changes in Income Tax rules that are applicable from September 1, 2019. These include changes in TDS on cash withdrawals, net amount received from life insurance company, payments made to professionals and contractors and...
by Vidya Kumar | Jan 17, 2019 | Income Tax, Vidya Kumar
It is time to plan your taxes for the year. There are many things that you can do to claim the tax benefits you are entitled to. Here are nine income tax deductions that can be made from the gross taxable income. These will lead to the net income on...
by Vidya Kumar | Apr 2, 2018 | Ayush Bhargava, Income Tax, personal finance
Ayush Bhargava EXECUTIVE SUMMARY: This year’s budget came up with the surprise changes in personal finance area. While there was no change in the income tax slab, the FM increased the cess charged on tax liability, deduction on interest amount increased...
by Vidya Kumar | May 24, 2017 | Income Tax, taxation, Vidya Kumar
Executive Summary: It is compulsory to file ITR form if you are earning income greater Rs. 2,50,000. Filing tax returns is akin to a nightmare for many. But if you prepare the requirements beforehand, it is not such a cumbersome process. You need to be aware of your...
by Vidya Kumar | Jan 5, 2017 | Income Tax, Vidya Kumar
Executive Summary- Sometimes the amount of tax paid by you is more than the tax payable. In such cases, you will get a refund in the bank account as indicated by you. You can track the refund on the income tax website and also get interest on the refund if it is...
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