Category: Income Tax Learning
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How to e-file ITR for FY 2017-2018 (AY 2018-19) with all the links you need.
How to file an Income Tax Return? This question has been creating a lot of buzz for quite some time now as the tax filing season is at its peak. Also, tax return filing is a lot different this year as for all taxpayers this is their first return post demonetization.The last date for filing…
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Documents Required for Income Tax Return (ITR) filing in India
Is ITR filing really that cumbersome process?? Well if you ask me it’s not really so..Here is a checklist of the most important documents for filing income tax return (ITR), to have on hand before you start filing your Income Tax Return. Keep these close and have a hassle-free ITR filing experience. Read how!! Common…
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How To PAY ZERO TAX on Income of 18 lakhs in 2019-20? -THE VIDURA WAY!
[mmtl-row][mmtl-col width=”1/1″][mmtl-text] Amazed? This is possible if you take the right approach while dealing with your taxes. Today we will show you the secret “The Vidura Way” of how to pay ZERO TAX on the income of Rs.18 Lakhs! (Tax Calculation has been done as per the Finance Act 2019 i.e. for F.Y. 2019-20) Here…
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How To Respond To Income Tax Department?
Did you just get a Mail/SMS from Income Tax Department to explain the cash deposits? Don’t Worry! In this blog, we will discuss everything you need to do when you get such a communication from the Income Tax Department. You must be wondering why The Income Tax Department selected only ‘’me“ to explain the cash…
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Year 2017: The Pandora’s Box of Demonetization!
We are all set to bid farewell to the year 2016, a year that was nothing short of a roller coaster ride thanks to Demonetization, one of the most radical decision in the history of Indian Economy. The withdrawal of the legal tenders of Rs 500 and Rs 1000 notes created a swirl in the…
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Gratuity, Its Meaning, Gratuity Calculation and Gratuity Act
As discussed in our previous blog, Gratuity is one of the incomes which are partially tax-free. In general terms, gratuity is a sum of money paid by an employer to its employee at the end of the period of his/her employment as a tip for contributing to the company and is one of the many…
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Tax Free Incomes – The Essential List Two
We hope that you have already gone through the part one of the two blog series on tax-free income but there’s much more left then you thought, so here we have tax free incomes in store. We all love saving taxes and getting income tax refund!!! At the time of income tax filing, double check…
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Tax-Saving Journey of a Salaried Person
Ever cringed about the big figures of taxes deducted from your salary! Well, it goes unsaid that we all want as much cash inflow as possible when we are working and the first thing that comes to our mind is to save that tax paid “TDS”. A common man is sometimes clueless as to how…
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Tax Free Incomes – The Essential List Part-I
Income and Tax almost go hand in hand. We know that Income earned over and above the basic exemption limit (Rs 2,50,000) is liable for income tax but are there any kind of incomes that are tax free? After all who doesn’t like earning some extra tax free money. In this first blog of 2-part…