As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge. Sarbajeet K Sen Moneycontrol[row] [column lg="6" md="12" sm="12" xs="12" ] Are you considering shifting from an employment arrangement with your company to a ‘consultant’ status to lower your tax outgo … [Read more...] about Should you opt for ‘consultant’ status to lower tax outgo?
Tax Refunds
Got your Form 16? You should file income tax returns early to.
Tax experts say in case you have not yet got your Form 16 it is time to remind your employer since a few weeks of the new financial year has already elapsed. [row] [column lg="6" md="12" sm="12" xs="12" ] Has your employer handed over your Form 16 for income earned and tax deducted during 2016-17 for which you need to file your tax returns this fiscal? If you have it with … [Read more...] about Got your Form 16? You should file income tax returns early to.
5 common mistakes while making investment declaration
Do not submit false tax-saving proof: Your employer is only responsible for TDS deduction based on your income-tax investment proof submission. The employer cannot be held accountable if any wrong information provided by the employee. Sarbajeet K SenMoneycontrol [row] [column lg="6" md="12" sm="12" xs="12" ] Have you got a reminder from your employer to submit investment … [Read more...] about 5 common mistakes while making investment declaration
Want your income tax refund early?
Taxpayers whose refunds are delayed are often responsible themselves because most of the reasons are in their control, say tax experts Sarbajeet Sen [row] [column lg="6" md="12" sm="12" xs="12" ] Soon, it will be time for file your tax returns for the past financial year. If you have paid excess tax during the year through tax deducted at source (TDS) or your tax-saving … [Read more...] about Want your income tax refund early?
How NPS will help Bahugana further lower her tax outgo
[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/09/tax-bccl-1.jpg"] Perks such as telephone and newspaper bill reimbursements are tax free against submission of bills. [/column] [column lg="6" md="12" sm="12" xs="12" ] Nidhi Bahugana is paying a very low tax but there is scope to bring it down … [Read more...] about How NPS will help Bahugana further lower her tax outgo
