ITR 1 Form AY 2018-19 | How to Fill ITR-1 | How to efile ITR1?

9shares 7Facebook WhatsApp 2Google+ 0Twitter Here you will find the complete detail regarding ITR 1 Form in a very simple English. You can ask us any doubt related to ITR 1 through comment form given below.  ITR 1 is a from to file income tax return who have the following income up to Rs. 50 … Read more

TDS on Salary: Easy Way to Calculate TDS on Salary

5shares 4Facebook WhatsApp 1Google+ 0TwitterThe most confusing concept in whole TDS is “TDS on Salary” as readers always asked questions about the topic. In this article, we will cover all the topics related TDS on salary like how to deduct TDS on salary, how to calculate tds on salary, deposit TDS, submission of statements, time … Read more

12 Ways to Reduce Taxes on Salary

0shares 0Facebook WhatsApp 0Google+ 0TwitterIn India, everyone is in need to reduce the tax burden. Here the salaried people suffers more as the salary is received through bank so the ways of tax reduction gets decreased. In this article, we will have a look on some of the ways which could help the salaried people … Read more

A Very Simple Guide for Tax on EPF Withdrawals

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe biggest burden on every employee is tax on EPF. People make very wrong statement about EPF, that EPF withdrawals are not taxable but it is not purely true because these withdrawals can be taxable under some conditions that are given below. If before the completion of 5 years the employee … Read more

Taxability When Car is Provided by Employer to Employee

0shares 0Facebook WhatsApp 0Google+ 0TwitterWe can see this generally that company is providing Cars to its employees for doing the official duties. These cars are generally provided by the employer of your company and are used by employees. Cars are used for both official and personal purposes. Employees get confused about the tax-ability of owning … Read more

Tax Benefit to Employee on Medical Reimbursement

2shares 2Facebook WhatsApp 0Google+ 0TwitterToday employers provide many health benefits to their employees. Medical Reimbursement is one of that. Medical Reimbursement is an arrangement under which employers reimburse the portion of the health expenses incurred by the employee on obtaining medical treatment of self and any family member. Don’t be confuse: In this article you … Read more

Download Free e-book of TDS on Salary

2shares 1Facebook WhatsApp 1Google+ 0TwitterCBDT has published detail instruction PDF file for the guidance on TDS on Salary. Circular No.1/2017: Dated – 02-01-2017 F.No.275/192/2016-IT(B) For Financial Year: 2016-17 Download Here CBDT has released the e book on TDS amended up to Finance Act 2010. You can download it totally free because it made especially for … Read more

Taxable & Non-Taxable Perquisites A.Y.2016-17

0shares 0Facebook WhatsApp 0Google+ 0TwitterPerquisites are benefits earned by employees of a company along with their normally received wages or salaries. They are also called as perks. It is like a gratuity or incidental payment for which the employee has the sole right. These are fringe benefits paid for a genuine reason. They can be … Read more

Why You Must Submit Other Incomes Details to Employer?

1shares 1Facebook WhatsApp 0Google+ 0TwitterAs you all know it is employer duty to deduct TDS for the payment of salary to employees. So U/s 192, the employer is required to deduct income-tax while making the payment of salary during the financial year 2015-16 at the rate of income tax slab for A.Y.2016-17. Employees who are … Read more

Relief on Salary Arrears or Advance, Gratuity, Pension & Family Pension

3shares 2Facebook WhatsApp 1Google+ 0TwitterSalary in arrears/advance, received in lump-sum, is liable to tax in the year of receipt (unless it has already been subjected to tax earlier). Some relief is, however, allowed from tax on such receipts. Relief is also available in respect of gratuity for past services of not less than five years; … Read more

Basics to Know About Income Tax Return for Salaried Persons

1shares 1Facebook WhatsApp 0Google+ 0TwitterMost of our readers asks about these FAQ regularly by salaried persons. So we have prepared this post for our readers to clarify things in a very simple manner to eliminate confusion about income tax return. What is Form 16?  Form 16 is a TDS certificate in respect of tax deducted … Read more

Deductions From Salary: Check All Salary Deductions for A.Y.2015-2016

4shares 3Facebook WhatsApp 1Google+ 0TwitterThe salary persons always ask from us that tell all the deductions which we can claim from salary for A.Y. 2015-2016 or any previous year. So we are giving the list of all the deductions which you can claim while calculating taxable salary income or net total income after adding other … Read more

Save Tax in 2016-17 by Investing Efficiently

0shares 0Facebook WhatsApp 0Google+ 0TwitterWith the Budget 2015 implemented in the country, who doesn’t wants to reduce their payment of tax? “No one” is the straightforward answer to this question. In present economy where inflation rules the country, everyone wants to have more money in their pockets and safe custodies so that they can use … Read more

5 Tax Planning Tips for Salaried Employees for A.Y. 2015-16

0shares 0Facebook WhatsApp 0Google+ 0TwitterThe new budget announced this year by the new government brought a host of changes. However, the scope for salaried class were, as usual, limited. Only a few positive chances were introduced to enhance the quality of life of the salaried or working class. In these cases, tax planning can be … Read more

Easiest Way to Calculate HRA Exemption

0shares 0Facebook WhatsApp 0Google+ 0TwitterHouse Rent Allowance is normally called HRA by the assesee. The HRA means House Rent Allowance received by you from employer in respect of residential accommodation occupied by you. So in simple words the employer will pay you the rent which you are paying for your rented accommodation. Most of the … Read more