Road tax in Karnataka is determined by the Karnataka Motor Vehicles Taxation Act. The amount payable as tax depends on a number of variables including vehicle age and engine capacity. When you decide to purchase a car or a [...]
What is Service Tax? Service tax was, in the past, a form of tax that was collected by the Indian Government for certain goods and services. The individual paying the service tax can be either a receiver or a [...]
All state and national highways in India belong to the govt , and road tax is applicable to all or any those people who wants to use them. The taxes collected are used to maintain the roads in order that [...]
Sales Tax Sales tax is usually a percentage of a product’s value which is charged at the purpose of exchange or purchase and is indirect. The different sorts of value added tax are retail, manufacturers’, wholesale, use, and value added [...]
Section 80C of the tax Act allows for deductions up to Rs.1.5 lakh p.a. Under the section, individuals can invest in a number of savings schemes to claim deductions on their taxable income. What is Section 80C? Section 80C [...]
All Indian residents are eligible to say tax deductions under Section 80DD of the tax Act, 1961. In order to say the deduction a personal must have to submit medical certificates, medicine bills, and such other supportive documents.Medical treatment, [...]
Section 80D of the tax Act provides tax deductions for medical insurance premiums made for the self and therefore the family which may go up to Rs.50,000. Self, parents, children, spouse and Hindu Undivided Families (HUF) can claim this.The [...]
Individuals with their total income below the taxable limit can submit Form 15H and Form 15G to the bank and ask them to not deduct TDS on the number of interest. These forms help claim receipts without any tax write-off [...]
Form 26AS, or your tax liability statement is one of the foremost important documents when it involves filing your taxes. You can now view and download Form 26AS from the TRACES website during a convenient and hassle-free manner. What [...]
Form 16 is provided by employers to salaried individuals within the country. It contains all the data required by the worker at the time of filing his/her tax returns with the I-T Department of India. Form 16 Components Form 16 [...]
