It is important for a taxpayer to know the circumstances under which it is mandatory for an individual to file tax returns. In every case if individual’s income exceeds Rs 2.50 lakh, it is mandatory to file a tax return. Income tax return is very different from tax challans generated while making the tax payment. ‘Income tax return’ is a form in which taxpayers declare details … [Read more...] about Why You Should File Your Tax Return Right Now!!
Efiling
Protected: While you’re waiting for your Form-16, here is what you can do:
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Protected: Checklist of What All You Need To eFile Your ITR
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Tax optimiser: How salaried Sharma can save Rs 11,400 tax……..
Tax optimiser: How salaried Sharma can save Rs 11,400 tax via tax-free perks The medical and transport allowances in Sharma’s pay are now taxable. If these are replaced by reimbursements for telephone expenses and food coupons, he stands to save more in tax. Pune-based automobile engineer Vijay Sharma has a very tax-friendly salary structure. He has also utilised most of the … [Read more...] about Tax optimiser: How salaried Sharma can save Rs 11,400 tax……..
Tax optimiser: How salaried Karthik can save Rs 1 lakh tax via
Tax optimiser: How salaried Karthik can save Rs 1 lakh tax via perks, NPS Hyderabad-based software engineer Ganesh Karthik pays a high tax because his pay structure is not tax friendly. House rent allowance is the only tax-free portion of his salary and that too gets partially taxed. Taxspanner estimates that Karthik can save almost Rs 1.1 lakh if he gets some tax-free … [Read more...] about Tax optimiser: How salaried Karthik can save Rs 1 lakh tax via