Posts Tagged ‘income tax’

No Income Tax in India – Modi’s Next move

No Income Tax in India – Modi’s Next move

Imagine how good it is if Income Tax is abolished in India? No tax means more money to every individual. You must be thinking is it a joke or what? Well, it is not a joke. No income tax in India is expected to be Modi’s next move. After demonetization of old high denomination notes, the government is expected to roll out next economic reforms and No Income tax could be one of them. Let’s discuss how this dream can […]


Before filing Income Tax Return – 25 important points

Before filing Income Tax Return – 25 important points

It’s time to file income tax return and you must be preparing for the same. Before you go ahead and file your income tax return, here is few important points which you should consider. 25 Points to consider before filing Income Tax Return This year onwards you will be able to e-verify your income tax return using electronic verification code (EVC). Last date of Filing of Income Tax Return is extended up to 31 August 2015 for the assessment year […]


Union Budget 2015 – A Review

Union Budget 2015 – A Review

Union Budget 2015– “Good days are coming” this was main slogan given by BJP government before coming in to power. Every citizen of India believed in this dream and voted for BJP, but it seems we have to wait for good days. Union Budget 2015 was big disappointment from good day’s point of view. Let’s Review Union Budget 2015-16 & its impact on you in detail. Union Budget 2015 – Review For Individual Tax Payer:- Tax Rate (Slab) remains unchanged […]


Online Incometax Calculator

Online Incometax Calculator

Financial planning is very essential for an individual as it helps to maintain consistent savings ratio even in this world of constant inflation. One can save money with the help of saving on taxes. Savings on taxes is one method which yields good results in having an efficient financial plan. Everyone these days are aware of income tax and their liability towards taxes, and due to this reason people remain very keen to calculate their income tax. Calculation of income […]


Union Budget 2013-14 – A Review

Union Budget 2013-14 – A Review

Day for which many individual was waiting has finally came, Finance minister P Chidambaram has presented Union budget 2013-14 on 28th Feb,2013. Prior to budget many expectation were set that tax relaxation will be given, inflation will be reduced but for common man this budget seems to be disappointing. Let’s Review Union Budget 2013-14 & its impact on you in detail. Income Tax Limit:- Most of the people have demanded to increase tax exemption limit from 2 Lac to 3 […]


Home loan HRA and your Taxes!

Home loan HRA and your Taxes!

Suresh, currently employed with MNC Company in Mumbai, is staying in a rented apartment in Mumbai and has bought himself a property in Ahemedabad for which he has taken a home loan. Now he is in confusion while filing tax returns – “Can I claim both HRA and home loan benefits?” This seems to be a dilemma for most tax payers. When Suresh pays rent, under the Income tax act, he is definitely allowed to claim both HRA and home loan benefits […]