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
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?
Gurgaon-based financial analyst Sudhir Madhok earns a high salary, but also pays a high tax. He has not availed of many tax deductions available to him. Taxspanner estimates Madhok’s tax can be reduced by over Rs 53,000 if he opts for the NPS benefit offered by his company, he invests more in the scheme on his own and buys a health cover for his family. If Madhok opts to put … [Read more...] about NPS and health cover helps Madhok to cut tax outgo by over Rs.53000