A person’s gross all out income is the aggregate of income under five distinct heads determined dependent on the tax…
Read MoreA person’s gross all out income is the aggregate of income under five distinct heads determined dependent on the tax…
Read MoreNew section 115BAC is embedded in Income Tax Act by the Finance Act 2020 and it is pertinent w.e.f first…
Read MoreBased on eligibility, employee can avail different types of leave. If the company has a policy to carry it forward,…
Read MoreOn 13th April 2020, the Central Board of Direct Taxes (CBDT) issued a circular to employers to obtain a declaration…
Read MoreHow to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? As per budget 2020, you cannot…
Read MoreThe CBDT or Central Board of Direct Taxes has notified a new format for Form 16. This requires the break…
Read MoreThe repayment of Home Loan comprises of 2 components i.e. Repayment of Principal and Repayment of Interest. As the repayment…
Read MoreAll Individuals & HUF can prefer to pay tax as per new slab rates without availing exemptions & deductions for…
Read MoreIf you have received arrears of salary/pension in the Financial year 2020-21 related to the previous year(s) then your tax…
Read MoreProcess of Income tax calculation for the Salaried Persons for F.Y. 2020-21 As per Budget 2020 Income from salary is…
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