Tax Refunds

[thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/uber.jpg"] Tax filing tips for Ola or Uber drivers If you are running a business then Section 44AD presumptive income option is the easiest option for tax compliance. The section applies to all those running their own businesses and do not maintain their book of accounts.  Under this … [Read more...] about Tax Return Filing Tips for Ola or Uber Drivers; Deductions to Reduce Tax Liability

[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/ee5-2.jpg"] The medical allowance, which is now taxable, should be scrapped and replaced with a magazine and newspaper reimbursement. [/column] [column lg="6" md="12" sm="12" xs="12" ] Hyderabad-based IT professional Vinod Gupta pays a high tax … [Read more...] about How investing in NPS can help Vinod cut tax by over Rs 50,000

[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/tax-2-thinkstock.jpg"] Tax will be reduced significantly if Sharma claims deduction for the treatment and maintenance of a disabled dependant under Sec 80DD.  [/column] [column lg="6" md="12" sm="12" xs="12" ] Bengaluru-based software … [Read more...] about How claiming medical expenses under section 80DD can reduce Sharma’s tax outgo

[row] [column lg="6" md="12" sm="12" xs="12" ] [thumbnail target="_self" src="https://blog.taxspanner.com/wp-content/uploads/2018/07/tax7-thinkstock.jpg"] More tax can be saved if he shifts out of fixed deposits and invests in debt funds. [/column] [column lg="6" md="12" sm="12" xs="12" ] Phaneendra Maduri is paying a high tax because his pay structure is quite skewed. His … [Read more...] about Why salaried Maduri needs to rejig pay structure to cut tax