Income Tax Slabs: Tax Liability Comparison Between 2020 and 2019 [Calculator]
In Union Budget presented in Feb’2020, a new tax regime has been proposed. The income tax slabs has been altered. Compared to 2019 the new
Budget 2019: The Catch Behind Rs 5 Lakh Tax Free Income
Why I say that there is a catch behind Rs 5 lakh tax free income? Because everyone is not going to get the advantage of
Everything about Income Tax Planning
#1. Introduction Before we go into the details of income tax planning, let’s understand few key principles of income tax first. Income can be generated
Presumptive Taxation for Freelancers Under Section 44ADA
Recently I read a document published by Income Tax Department on Presumptive Taxation. I found this document very useful. It deals with how freelancers, self-employed people
Why to File ITR even if Tax Liability is Zero?
It is necessary for people to file ITR even if tax liability is zero? The answer is No. A person whose taxable income is below
What is the effective income tax paid on salary?
What is the effective income tax paid on the salary that we earn? Whenever this question is posed on people their answer is, “as per