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
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
#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
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
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 the salary that we earn? Whenever this question is posed on people their answer is, “as per
Advance tax payment is not only applicable to the rich Bollywood stars and Businessmen. Even a salaried person may require to pay advance tax. How
Do you know, that there are limitations of Sec 80C that cannot be ignored. Generally, income tax savings that can be claimed under Sec 80C
The Union Budget 2018 is good or bad for common men’s personal finance? It introduced LTCG (Long Term Capital Gain Tax). Prima facie it is
