Tax Update: From July 1 this year, the new rule of TDS is being implemented. After this, you may have to pay more TDS. This year, Finance Minister Nirmala Sitharaman had made a provision to add a new section 194R in the Income Tax Act in the budget. Under this, if perks of Rs 20,000…
Income Tax Planning: If your annual income from the job is up to Rs 10 lakh, then you do not need to worry about income tax. You can save full tax. Just for this, you have to do some tax planning. The new financial year has started on 1st April. So if you want to…
Rules Related To Tax: There are only a few days left for the new financial year (2022-23) to begin. With the new financial year, where many old rules will be abolished, many new rules will also be implemented. The government has also changed some rules related to tax from the new financial year. This will have a direct…
File income tax return: If you have not yet filed an income tax return for the financial year 2021-2022, then do this work as soon as possible. If we talk about tax exemption, then people with less than 5 lakh salary get the benefit of tax exemption. At the same time, the salary of some people is…
Save tax: What do we not do to save tax? After consulting CA and tax experts, they make investment strategies and invest their money in various schemes accordingly throughout the year. How good it would be if income tax is saved without investing anything. Archit Gupta, Founder, and CEO of Clear tell you about five such options, where…
Filing ITR: There is great news for the taxpayers. If you also file Income Tax Return (IT Return file), then now a special facility has been launched for you. Actually, the Income Tax Department has launched a new facility named “Annual Information Statement (AIS)” to make the process of filing Income Tax Returns easier. Let us tell…
The troubles of Bollywood actor Sonu Sood seem to be increasing. The team of the Income Tax Department is raiding 28 places connected with Sonu Sood for the fourth consecutive day. Sources have claimed that the department has found strong evidence of huge tax evasion during the raids. It is reported that the team of the Income Tax…
Income Tax Savings: If your salary is more than Rs 10 lakh per annum, and you are going a large part of your earnings to the government in the form of tax. If you think that you have no way to save tax, therefore it is right to pay tax, then you are wrong. Even if your salary…
Income Tax: According to the rules of income tax, if someone’s income is more than 2.5 lakh rupees. Then he will have to pay tax. People invest in schemes like NPS, PPF, EPF so that they have to pay a minimum tax of their share. In all these schemes, taxpayers get more discounts in return for investment. But apart…
IT Returns: Even though the government has withdrawn the announcement of a change in interest rates of small savings schemes in the last few days, new rules have come for people investing in these schemes. The Government of India has implemented the new TDS Act on Small Saving Schemes. TDS will be deducted if investors withdraw money…
