Breaking News

Income Tax Section 24B

‘We are in for a disaster in 2 weeks if we don’t…’

Coronavirus

‘If we cannot handle an epidemic of that strata, (causing that kind) of excessive calamity, then we really have to prevent it.’ ‘If we become complacent in even preventing it, then we are in for a disaster.   IMAGE: A volunteer holds a placard to create awareness about COVID-19 at …

Read More »

‘Only get out of home for essential things’ Prevent from Corona-Virus

Coronavirus

‘Even after this epidemic gets over, we know that there are going to be months of effects on the economy and poverty.’ ‘A lot of things are catastrophic for people from the lower socio-economic classes.’‘Social distancing is going to start killing their day-to-day wages.’‘We are not even measuring that impact.’ …

Read More »

What is Janata Curfew: A curfew of the people, by the people, for the people to fight Corona – Virus. Please abide by the PM’s Request.

In an attempt to contain the spread of corona-virus, which has affected over 180 in India, PM Modi requested all the citizens to abide by the ‘Janata Curfew’ on March 22 from 7 am till 9pm. HIGHLIGHTS PM Modi, while addressing the nation on corona-virus outbreak, announced a ‘Janata Curfew’ …

Read More »

Income Tax Calculation FY 2020-21 – Which Tax Structure to Select? With Automated Income Tax Revised Form 16 Part A&B and Part B for F.Y. 2019-20

How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? According to Taxplan 2020, you can’t guarantee any assessment reasoning or exclusion on the off chance that you intend to pick a new Income Tax Slab. Along these lines, as an individual citizen on the off …

Read More »

Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E from F.Y.2000-01 to F.Y. 2019-20 in Excel

Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, …

Read More »

Section 80E: Tax Exemption on Interest on Education Loan with Automated Income Tax Master of Form 16 Part A&B in Revised Format for the Financial Year 2019-20

Income Tax

Section 80E allows deduction in respect of payment of interest on loan taken from any financial institution or any approved charitable institution for higher education for the purpose of pursuing his higher education or for the purpose of higher education of his spouse or his children or the student for …

Read More »

Union Budget 2020: Challenge Before Nirmala Sitharaman is to Keep Treasury in Balance

Income Tax Return Filling

While the estimated growth has been slashed to 5%, the possibilities of reduction in the policy interest rate are also receding. This may dampen the hopes of increase in investment, housing and consumer demand. Budget2020-21 will be presented in Parliament by Finance Minister Nirmala Sitharaman on Saturday. This budget is …

Read More »

Want a safe option to save tax and fund your retirement? Invest in PPF With Automated Income Tax Revised Form 16 Part B for F.Y. 2019-20

When it comes to saving taxes, the Public Provident Fund (PPF) is one product a lot of people turn to There are two reasons for this: its tax-free yearly interest and the annual compounding. Since the PPF has a long tenure of 15 years, the impact of compounding is huge, …

Read More »

Corona-virus outbreak ,Govt of India suspends all tourist visas until April 15

The health ministry said all travelers, including Indians who visited China, Italy, Iran, Republic of Korea, France, Spain and Germany, and arrived in India after February 15 shall be quarantined for a minimum 14-day period. The government said on March 11 that it will suspend all tourist visas in a …

Read More »

Disabled can claim tax saving deductions up to Rs 1.25 lakh under sections 80DD, 80U With Automated Income Tax Revised Form 16 Part A&B and Part B with Form 12 BA for F.Y.2019-20

The Income Tax Act allows deductions from your gross total income, before the levy of tax, if medical expenditure has been incurred on the treatment of a differently abled person. Sections 80DD and 80U of the Income Tax Act deals with the medical expenditure incurred for this purpose. Though the …

Read More »
WP2Social Auto Publish Powered By : XYZScripts.com