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Income Tax2020-02-23T00:47:33+05:30
401, 2020

efiling Income Tax Return in India

By |January 4th, 2020|Categories: Income Tax|0 Comments

efiling Income Tax Return in India When you file your ITR (Income Tax Returns) online, the method is termed as e-filing and due to its convenience, it's gaining popularity lately . ITR Filing is mandatory for all Indian citizens with annual earnings of a particular amount and in contrast to earlier, you would like not visit the direct tax Department to file your returns. Instead, you'll do an efiling of [...]

401, 2020

Gratuity: Check Gratuity Formula, Eligibility, Calculation

By |January 4th, 2020|Categories: Income Tax|0 Comments

Gratuity: Check Gratuity Formula, Eligibility, Calculation What is Gratuity? Gratuity may be a benefit which is payable under the Payment of Gratuity Act 1972. Gratuity may be a sum of salary paid by an employer to an employee for services rendered in the company. However, gratuity is paid only to employees who complete 5 or more years with the corporate . It will be understood as a sort of tip [...]

401, 2020

How to file ITR – Steps to efiling Income Tax Return online

By |January 4th, 2020|Categories: Income Tax|0 Comments

How to file ITR - Steps to efiling Direct Tax Return online The process to electronically file Direct Tax Returns (ITR) by using the net which is e-filing. The process to e-file ITR is quick, easy, and may be completed from the comfort of an individual’s home or office. E-filing ITR also can help in saving money as you'd not need to hire a private to file ITR. A step [...]

401, 2020

HRA Calculation: How to Calculate HRA from Basic Salary

By |January 4th, 2020|Categories: Income Tax|0 Comments

HRA Calculation: The Easiest Way to Calculate HRA from Basic Salary House Rent Allowance (HRA) it is a component of a taxpayer’s salary that reduces his/her liabilities , provided he/she stays during a rented accommodation. It is possible to calculate the quantity of HRA which will be exempt from tax using online HRA Exemption Calculators. It can also be calculated manually. How is HRA Decided? HRA is mainly determined by [...]

401, 2020

Income Tax – IT Returns, e-filing, Tax Slab for FY 2019-20

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax - Income Tax Returns, e-filing, Tax Slab for FY 2019-20 How to file ITR With the due date for ITR filing just round the corner, here is all you need to know about how to file ITR online. Before you file your taxes, you'll need your Form 16, provided by your employer, and any proof of investment. Using that you simply can compute the tax payable and refunds, [...]

401, 2020

Income Tax Calculator

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax Calculator An Direct Tax calculator is a web tool designed to try and help with basic tax calculations. Tax calculators make use of data associated with your income, deductions and HRA exemption to supply approximate figures of direct tax to be paid. Bear in mind that the results provided by these calculators won't be exact. Lets read further to understand in detail how these calculators work.You can use [...]

401, 2020

Income Tax Refund – With Income Tax Form 30 Example

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax Refund - With Income Tax Form 30 Example Income Tax refund arises just in case of a mismatch between the tax amount paid and therefore the actual payable amount. If the money paid is above the particular amount payable, a refund is initiated. The Form 30 is used for similar purpose. Learn all about Income Tax, Due Dates for E-Filing ITR, Online Tax Payment and efiling Income Tax [...]

401, 2020

Income Tax Refund Status Online

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax Refund Status Online Income tax refund arises when the tax amount paid is over the actual payable amount. In such cases, the assessee will be eligible for a refund. The tax Return status shows the status of the surplus amount being refunded to the individual.The taxpayer can check the Income Tax Refund Status, which helps him/her to check the state of the returns which has been processed by [...]

401, 2020

Income Tax Return (ITR) – ITR Filing, ITR Forms

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax Return (ITR) - ITR Filing, ITR Types A form that is used to declare the net tax liability, claiming of tax deductions, and to report the gross taxable income is called Income Tax Returns. It is mandatory for those people who earn a particular amount of money to file ITR. Firms or companies, Hindu Undivided Families (HUFs), and self-employed or salaried individuals must file ITR to the direct [...]

401, 2020

Income Tax Slabs and Tax Rate in India for FY 2019-2020

By |January 4th, 2020|Categories: Income Tax|0 Comments

Income Tax Slabs and Financial Rate in India for FY 2019-2020 Income tax slabs and tax rates for FY 2019-20 are applicable to those that earn quite Rs.2.5 lakh p.a. The rate at which individuals are taxed depends on the extent of income they earn, with rates charged at nil, 5%, 20% and 30%. About Income Tax Slabs for FY 2019-20 In February 2019, the govt announced certain changes within [...]