You need to respond within 10 days of getting this message from the I-T department. Even if you did not deposit much money in your account, do check your e-filing account. If you had deposited a large stash of cash post-demonetization, chances are that you have already got a message from the income tax department. You need to respond within 10 days of getting the message. But … [Read more...] about Operation Clean Money: Everybody needs to check e-filing account
Khanna can cut tax outgo by 90% by investing in tax saving instruments
Aaryan Khanna, 26, has just started working and is totally clueless about tax matters. Though his salary structure is very tax-friendly, his company has already deducted a lot of tax because Khanna has not made any investments under Section 80C other than the mandatory contribution to the Provident Fund and a life insurance policy that his father made him buy. Taxspanner … [Read more...] about Khanna can cut tax outgo by 90% by investing in tax saving instruments
Trusted by the Most Trusted – SBI Prefers TaxSpanner
96 <!-- /* Client-specific Styles & Reset */ #outlook a { padding: 0; } /* .ExternalClass applies to Outlook.com (the artist formerly known as Hotmail) */ .ExternalClass { width: 100%; } .ExternalClass, .ExternalClass p, .ExternalClass span, .ExternalClass font, .ExternalClass td, .ExternalClass div { … [Read more...] about Trusted by the Most Trusted – SBI Prefers TaxSpanner
Expectations from Budget 2017
More incentives for use of digital money and broadening the taxpayer’s base Budget 2017. Budget 2017 - Demonetization was a very bold and politically risky move by Prime Minister Narendra Modi in the war against black money and tax evaders. It has been successful to a great extent, but more needs to be done to stop the further generation of black money. This is … [Read more...] about Expectations from Budget 2017
Salaried Vaz can cut tax outgo by investing in NPS
Dilip Vaz does not have too much scope to reduce his tax because his employer does not allow tweaking of the pay structure. Taxspanner estimates that he can bring down his tax by around Rs 8,652 if he invests more for retirement and buys medical insurance for his family. Vaz should invest Rs 50,000 in the NPS under Section 80CCD(1b). This will reduce his tax by Rs 5,150. He … [Read more...] about Salaried Vaz can cut tax outgo by investing in NPS
