5 Ways to Reset Password On incometaxindiaefiling.gov.in

In case you forgets your password of the income tax e-Filing account, then you will be required to use the option selected using this process to reset password. So, it is the best possible way to revive our account. But sometime it is beneficial for hackers to hack our e-filing account. Please keep in mind here we … Read more

How to Protect Your Income Tax Return e-Filing Account – Step by Step

protect efiling account

The e-Filing account of the income tax contains very confidential and important information. So, it is very important to secure the e-Filing account. In order to secure your income tax account, income tax department has introduced E-Filing Vault, which will restrict fraudulent logins. Putting restriction on the options for Login and locking the ways of … Read more

Tax Saving Schemes for A.Y.2019-20 & A.Y. 2020-21

Tax 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. Tax planning is legal … Read more

LIC Tax Deductions & Benefits – A.Y.2019-20 & A.Y.2020-21

lic deductions

The 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 issued by LIC … Read more

Bank Term Deposit Scheme (FD): Tax Benefits & Application Procedure

Who can invest? Any individual or a Hindu undivided family, may invest in bank term deposits with a scheduled bank, in his own/Karta’s name (single holder type) or jointly with another adult/minor individual (joint holder type) on either or survivor basis. The scheme is also known as Tax Saving Fixed deposit for 5 years. How … Read more

Kisan Vikas Patra (KVPs) {Updated 2019} – A Best Tax Saving Scheme

Who Can Apply? Any adult individual can purchase KVPs in his own name (single holder type) or jointly with another individual with the condition ‘jointly or survivor’ (A Type) or ‘either or survivor’ (B type). An adult individual can purchase KVPs (single holder type) on behalf of a minor. Besides, a minor can also purchase … Read more

7.75% Saving Bonds – Application Procedure, Interest & Tax Benefits

The 7.75% Saving Bonds has notified vide notification no. F.No. 4(28) – W&M/2017, dt. 03-01-2018 as amended by notification of even No. dt. 08-1-2018. The complete detail about 7.75% is given below. You can find here the application procedure, maturity, interest, premature encashment, transferbaility, nomination, loan facility and tax benefits. Who can Purchase? Any individual … Read more

National Saving Time Deposits – Everything You Wanted to Know

Eerlier this scheme is known as Post Office Time Deposits. Now its name is National Saving Time Deposits. . Who Can Open? Any individual can open an account in National Saving Time Deposits, whether singly or jointly with another person. Account can be opened on behalf of a-minor or a person of unsound mind, Even … Read more

Tax Calendar F.Y.2018-19: Due Dates GST & Income Tax (March 2019)

Tax 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 period. The assessee can … Read more

NSC Accrued Interest Chart: Calculate NSC Interest Instantly

nsc accrued interest chart

The rate of interest is 7.6% (7.8% on certificates issued during 1-7-2017 to 31-12-2017 7.9% on certificates issued during 1.4-2017 to 30-6-2017 8.0% on certificates issued during 1.-10-2016 to 31-3-2017 8.1% on certificates issued during 1-4-2016 to 30-9-2017 8.5% on certificates issued during F.Y.2013-14 to 2015-16 8.6% on certificates issued during F.Y.2012-13 8.4% on certificates … Read more

Deduction 80C A.Y.2019-20 & A.Y.2020-21 – Complete Guide

We will cover here the complete detail about deduction under section 80C for A.Y.2020-21, A.Y.2019-20, A.Y.2018-19/A.Y.2017-18/A.Y.2016-17. We know that you are very much interested to know the deduction from gross total income to calculate net income tax. As we will discuss only here deduction under section 80C in detail. There are lots of deductions comes under … Read more

Company Income Tax Rates – A.Y. 2020 -21 & A.Y. 2018-19

income tax rates for companies

The page is exclusively for income tax rates on company for A.Y. 2020-21, A.Y.2019-20, A.Y. 2018-19, A.Y. 2017-18, A.Y. 2016-17. You can find here income tax, surcharge, education cess & marginal relief & minimum alternate tax. After income tax slab table you can get a brief information about company. Direct Navigation Company Income Tax Rates … Read more

Income Tax Rates on Partnership Firms [A.Y. 2020-21] & [A.Y. 2019-20]

“See the latest income Tax rates or income tax slab for partnership firms for A.Y.2020-21, A.Y.2019-20, A.Y. 2018-19, A.Y. 2017-18 A.Y.2016-17, A.Y. 2015-16 & A.Y. 2014-15” Income Tax Rates on Partnership Firms A.Y.2020-21 Long-term capital gain in excess of Rs.1 Lakh 10% Long-term Capital Gain 20% Short-term Capital Gain u/s 111A 15% Other Income 30% … Read more

Revised Rules Related to Submission of Form 15CA and Form 15CB

revised rules related to form 15CA & 15cb

Form 15CA: Form 15CA is a Declaration of Remitter and is used as a tool for collecting information in respect of payments which are chargeable to tax in hands of non-resident. This is a better system for Income tax department for tracking changes on the remittances. Banks also ensure such forms are received by banks … Read more

Tax Benefits on Tuition Fees, School Fees & Education Allowances (Updated 2019)

Tax Benefits on Tuition Fees, School Fees & Education Allowances

Education is most necessary part of one’s life, so to promote education, govt allows for Income Tax Deduction. It helps to increase literacy rate in developing country like India. There are three types of tax benefits on Children Education Allowance, Tuition fees payment & School fees Payment. Deduction under section 80C for School/College Fee Payment … Read more

Gold and Silver Rates from 1981 to 2019 with Important Notes

Gold 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 Rates Excel Format Download … Read more

Rebate 87A Finance Act 2019 [Updated] A.Y.2020-21 with Examples

A resident individual can claim a rebate from income-tax under section 87A. Currently, this rebate is available only if his total income does not exceed Rs.3,50,000. The amount of rebate for the assessment year 2019-20 is limited to Rs.2,500. From the assessment year 2020-21, this rebate will be available if total income of the resident … Read more