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INCOME TAX

Getting Started:
An income tax is a tax levied on the income of individuals or business (corporations or other entities). Indian tax laws allow threshold limits, below which one is not subject to any income tax. Within the taxable bracket, there are income slabs for calculation of income tax. Tax laws also allow for rebate or deduction of specific amounts from taxable income against investments maid in certain instruments or expenses incurred under specified heads.

STAFF REPORTER
Though no one can predict the future, one thing is sure; tide and time never wait for anyone! But that doesn’t mean we sit helpless and take what fate bestows upon us. Definitely READ...
VINEET AGARWAL, KPMG IN INDIA
In recent years, the income-tax department has advertised and informed taxpayers of various due dates for payment of taxes and filing of tax returns. December 15 was the due da READ...
VINEET AGARWAL, KPMG IN INDIA
We all want to give a good upbringing and education to our children. Typically, children’s education, especially higher-education, is funded out of savings and investments or by READ...
STAFF REPORTER
Every tax payer individual cringes at the sight of that tax deduction figure while filing returns every year. However, if your tax planning is right and timely, you can save thousa READ...
STAFF REPORTER
It's the season for filing income-tax returns, for which the last date is August 31. While if you are a regular taxpayer, you would have already received a mail from the I-T depart READ...
STAFF REPORTER
The finance ministry has asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31. The tax department has made its e-fili READ...
STAFF REPORTER
Taxpayers wanting to file online I-T returns for assessment year 2015-16, using the newly notified ITR-2 or ITR-2A forms, will have to wait for few more days as the tax department READ...
STAFF REPORTER
The income-tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16. With the READ...