Tax Refunds

Mistake by return filing portal doesn’t call for concealment penalty on taxpayer

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A very interesting ruling has recently been made in favor of one of our esteemed customer, mentioning TaxSpanner.com in the judgment (see the complete text below). We congratulate her for the favorable judgment. However, we would like to clarify that the software works on the basis of data entered into the system by the customer. Our tax filing software undergoes several levels … [Read more...] about Mistake by return filing portal doesn’t call for concealment penalty on taxpayer

CTC – CHANGE with TAX CHANGES: NPS

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Why it is beneficial to change CTC structure with the changes in tax laws? Both the employer as well as the employee can save money by rejigging the salary. There have been many changes in the tax laws in recent years. However, most taxpayers as well as employers are working with the same mindset and an archaic CTC structure.  In this new section, CA Sudhir Kaushik, our … [Read more...] about CTC – CHANGE with TAX CHANGES: NPS

How Nonsensical is Year End Tax Planning

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View quick summary A salaried person gets a fair idea about what his annual income would be at the beginning of the financial year. Still, most employees do not take their Tax Declaration to the employer seriously. They wait for the year-end to plan their taxes. One reason why all of us work hard through the year is to make money. Then, does it make sense to procrastinate … [Read more...] about How Nonsensical is Year End Tax Planning

Tax Optimizer Salaried Employees

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Salary TaxOptimizer is a CA assisted subscription service that helps you minimize your tax payment through: - An online tool that redesigns your salary package to provide more tax-efficient options.You get detailed computation of 35 important variables which determine your tax payment. - Premium ITR filing, assisted by a Chartered Accountant. - Access to a Chartered Accountant … [Read more...] about Tax Optimizer Salaried Employees

Budget 2012: What’s in store for you?

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View quick summary The Budget 2012 was announced on March 16. Here, we talk about a few changes proposed by the Finance Minister, which will impact personal taxation directly. These proposals will become a part of the income tax law only when the parliament passes them. Revised Slabs for Income Tax Exemption: The key changes proposed are: Exemption limit for individuals has … [Read more...] about Budget 2012: What’s in store for you?