Download, check out simple Income Tax Calculator of FY 2019-20 (AY 2020-21). This calculator also includes recent changes made in Interim Budget 2019 by Finance Minister. As you are aware that Income Tax calculation is one of the most complex tasks for the common man (especially for salaried). To help them here is simple Income Tax Calculator for the financial year 2019-20. It is simple excel based calculator specially made for the salaried people. You can use this calculator for […]
Tax planning is an important exercise to reduce tax liability by making maximum use of available deduction and sections. It is generally seen that when it comes to saving taxes most of the people make maximum use of section 80C limit. However, there are multiple other sections and laws which can help you to save more taxes. You can even take help of your family members to save taxes. Your children, parents, and wife can help you to save more […]
Income Tax of India offers multiple special income tax benefits to senior citizen. Most of the senior citizens are either unaware of the special income tax benefit or don’t know how to take maximum income tax benefits. In order to help them, here is the list of Special Income tax benefits available to the senior citizen. Definition of Senior Citizen for Income Tax Purpose For Income tax purpose there are two categories of senior citizen. These categories are a senior […]
DTAA is Double Tax Avoidance Agreement. DTAA is an agreement between two countries to avoid double taxation. It is globally known as a tax treaty. The term DTAA is a popular term known to most of the NRI’s. Most of the NRI has dual income, they earn in a foreign country as well as in India. In such cases, it is possible that income earned in one country would attract tax in another country also. This is called double taxation. […]
A due date for filing income tax return is nearby (31st Aug, 2018), you must be ready with all documents required for filing income tax return. Preparing and Filing an Income Tax return is a simple task, provided you are a salaried person and filing ITR1. However, for the people who want to file ITR2, ITR3 or ITR4 it is not so easy to prepare and file income tax return. Every year new changes are introduced, and income tax forms […]