Cost Inflation Index – F.Y.2018-19 CII Announced

3shares 0Facebook WhatsApp 3Google+ 0Twitter The notification no.26/2018 has published on 13th June 2018 to announce the cost inflation index for financial year 2018-19. The cost inflation index for financial year is 280. You can check the following table to know the cost inflation index from F.Y. 2001-02 to F.Y.2018-19. New Cost Inflation Index Table … Read more

Tax Calendar F.Y.2018-19 – Due Dates GST & Income Tax June 2018

21shares 15Facebook WhatsApp 6Google+ 0TwitterTax Calendar 2018, Income Tax – GST Deadlines: Find all the income tax & GST due dates, last dates, deadlines for the period from 1-4-2018 to 31-3-2019 (F.Y.2018-19). The due dates includes all TDS Returns, TDS Statements, income tax returns, income tax payments & TDS certificates along with form name and … Read more

Section 80CCD Deduction of NPS Contribution – Complete Detail

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe Income Tax Department of India offers deduction to tax payers for making contributions towards National Pension Scheme (NPS). The deduction is availed under Section 80CCD and is available only to individuals. Entities such as a HUF cannot avail deduction under this section. Whereas, the individual tax payer may or may … Read more

Income Tax Slab A.Y.2018-19

14shares 12Facebook WhatsApp 2Google+ 0TwitterThe page is exclusively for income tax slab for A.Y. 2018-19. You can also download income tax slabs in PDF format. Download Income Tax Slab A.Y. 2018-19 & A.Y.2017-18 Income Tax Slab (PDF Format) Download Income Tax Slab (Excel Format) Download Income Tax Slab A.Y. 2018-19 1) Income Tax Slab (Up … Read more

Health & Education Cess for [AY 2019-20/FY 2018-19]

0shares 0Facebook WhatsApp 0Google+ 0TwitterEducation Cess is an essential part of our taxation system. The Government of India has levied education cess with a view to foster the child education in India. No matter what product or service we buy or avail, there is a small amount that we pay to Government in form of … Read more

LIC Tax Deductions & Benefits

1shares 0Facebook WhatsApp 1Google+ 0TwitterThe first thing comes in our mind is LIC (Life Insurance Premium)or LIP whenever we talk about deduction under section 80C. But you all know it is only one of the part or deduction along with other deductions comes under section 80C. Life Insurance Premium paid on the life insurance policies … Read more

Tax Saving Schemes for F.Y.2018-19 or A.Y.2019-20

1shares 1Facebook WhatsApp 0Google+ 0TwitterTax Savings is an effective measure to ensure that people save some of their tax liability in a legal way. There are many investment options which provide deductions to the assessee and some of them are listed below. The tax saving schemes are the one of the part of tax planning. … Read more

Taxation of Retiring Person with Tax planning

0shares 0Facebook WhatsApp 0Google+ 0TwitterAs you start to reach your retirement days, various questions in respect of taxation start to haunt you. Most of the people retire at the age of 60 which not only makes them old enough to work, but also makes them a senior citizen of the nation. This is where your … Read more

Tax Planning for Senior Citizens F.Y.2018-19

3shares 2Facebook WhatsApp 1Google+ 0TwitterTax Planning for  Senior Citizens F.Y.2018-19: The category of senior citizens has been under the purview of income tax from a very long time. However, there has been certain relief that has been provided to them when it comes to imposing taxes on their income. A person is regarded as a … Read more

Tax Planning for Female Assessee F.Y.2018-19

1shares 1Facebook WhatsApp 0Google+ 0TwitterThe Indian Taxation Structure is designed in such a manner that it promotes protection of the minor groups along with maintaining equilibrium in operations. The tax payer is mainly allocated into three major forms which involve Men, Women and Senior Citizens and Very Senior Citizens. Today, we shall take an insight … Read more

9 Simple Tax Planning Tips for F.Y.2018-19

2shares 0Facebook WhatsApp 2Google+ 0TwitterTax planning has always been the test of efficiency for people along with being a test of their cunningness such that they can save their taxes in a lawful manner. Here are some of the tips that can help you to plan your taxes for F.Y.2018-19. 1) Invest in policies Policies … Read more

Got a preventive health check-up? Don’t forget to claim tax deduction

0shares 0Facebook WhatsApp 0Google+ 0TwitterHealth is one of the most overlooked areas by Indians. People are ready to invest in properties, cars and entertainment, but not on health. Nonetheless, the Department of Income Tax has reserved a small provision for deduction under preventive health check-up. Any tax payer can claim a deduction upto ₹5,000 per … Read more

CBDT Releases ITR Forms (Excel & Java Utilities) for A.Y.2018-19

0shares 0Facebook WhatsApp 0Google+ 0TwitterCentral Board of Direct Taxes has released the new Income Tax Return (ITR) forms for A.Y. 2018-19. The notification no.16/2018/F.No.370142/1/2018-TPL has been published in this regard on 3rd April,2018. There are some ITR Form of which excel utility has not yet released. We will update you whenever Income Tax Department has … Read more

ITR-5 Form 2018-19: How to Fill and E-File ITR 5

3shares 1Facebook WhatsApp 2Google+ 0TwitterHere you can find the complete detail about ITR-5 for A.Y. 2018-19. You can check here the simple guide about ITR-5 like who can file ITR-5, changes (A.Y.2018-19), download link and more. Confused! Which ITR form to file? Check here Who can use ITR-5 Form? ITR-5 can be filed by the … Read more

7 Situations When You Could Lose Tax Benefits on Your Health Insurance 80D

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe Income Tax Department of India has maintained a provision of deduction for taxpayers who invest in health insurance policies.  As per the current scenario, the IT Department allows a deduction of ₹25, 000 for common citizens and ₹30, 000 for senior citizens in every assessment year. However, there are certain … Read more

List of Income Tax Deductions Under Chapter VI-A

0shares 0Facebook WhatsApp 0Google+ 0TwitterHere is the table of deduction in respect of payment under Chapter VI-A. Download Income Tax Deduction Under Chapter VI-A Download List of Deduction (PDF Format) Download Here Excel Format Download Here *The aggregate amount of deduction under section 80C, 80CCC and 80CCD (1) cannot exceed Rs. 1,50,000. There is additional … Read more

Gold and Silver Rates from 1981 to 2018

0shares 0Facebook WhatsApp 0Google+ 0TwitterGold and Silver Rates Chart up to Year 2017-18 Gold Rate = Std Gold Rate 24 Carat for 10 grams i.e. 0.857 tola Silver Rate = 999 touch for 1 Kg. i.e. 85.734 tola Download Gold and Silver Rates Chart Gold and Silver Rates PDF Format Download Here Gold and Silver … Read more

Capital Gains Tax Rates [A.Y.2018-19 & A.Y.2017-18]

11shares 4Facebook WhatsApp 5Google+ 2TwitterCapital Gains Tax is defined under income tax act as profit or gains arising from the transfer of capital assets effected during the previous year is chargeable to income-tax under the head ‘Capital Gains’. So you have to pay income tax on any capital gains during previous year. But income tax … Read more

NSC Interest Rate, Application, Tax Benefits & More

0shares 0Facebook WhatsApp 0Google+ 0TwitterNational Saving Certificate is an investment option by which an individual can invest his income to get a fixed interest. The interest rate is 8.1% per annum. You can reinvest the interested earned and get benefit of 80C deduction under income tax. National Saving Certificate have two options 5 years maturity … Read more

Getting Notice from IT Department? Don’t Panic! Check What to Do?

0shares 0Facebook WhatsApp 0Google+ 0TwitterIncome tax is a crucial area for every tax payer. Each year millions of people in India file returns and pay a portion of their income to the Income Tax Department whereby the Government is able to generate revenue for its development programs. Though most of the people in India consider … Read more