5 Tax Planning Tips for Salaried Employees for A.Y. 2019-20

The 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 extremely beneficial in saving … Read more

Deduction 80G: Deduction Allowed for Donation (Updated) A.Y.2018-19 & 2019-20

The IT Department of India has maintained various provisions for common men to reduce their tax liabilities for the A.Y. 2018-19 & 2019-20 through deduction under Section 80. This section is further divided into sub-sections which offers different scopes of claiming deductions. In this article, we will be discussing about deduction 80G and how to avail … Read more

Free Income Tax Ready Reckoner F.Y.2018-19 & F.Y.2017-18

Most of our regular subscriber asking for ready reckoner for F.Y.2018-19 & F.Y.2017-18  in PDF format. Here we are providing you the tax ready reckoner. You can click to the particular link to know more about rates and details. You can also download in PDF format also. Income Tax Rates – Individuals Income Tax Rates … Read more

Income Tax Calculator A.Y. 2018-19 & A.Y.2019-20

Income Tax Calculator for A.Y.2018-19 & A.Y.2019-20. This calculator is very quick to calculate income tax for A.Y. 2019-20 and A.Y. 2018-19. Just select assessment year, choose age and enter income. You can reset and recalculate income tax unlimited times.1shares 1Facebook 0Google+ 0Twitter

9 Easy Steps to Calculate Your Tax Liability

Here are 9 very easy steps to calculate your taxable income and income tax on taxable income. The persons who are confused to calculate their tax for A.Y. 2018-19 should read the following article to calculate your income tax very easily with step-by-step guide. If you have any doubt regarding the calculation of taxable income … Read more

HRA Calculation – Easiest Way to Calculate HRA

House 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 assesees confuse over the … Read more

Deduction 80CCD – National Pension Scheme – All You Wanted to Know

The Income Tax Department of India offers deduction 80CCD 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 80ccd under this section. Whereas, the individual tax payer may or may not be … Read more

Tax Audit Limit for Businesses & Professionals A.Y.2018-19

tax audit limit-

In this article, we will discuss about compulsory tax audit of accounts for A.Y.2018-19 (from 1-4-2017 to 31-03-2018) & A.Y.2019-20 (from 1-4-2018 to 31-03-2019). You can find here tax audit limit for businesses, tax audit limit for professionals (like doctors, accountants, architects etc.) Some visitors have lots of confusion about tax audit limit for A.Y. … Read more

Income Tax Slab A.Y.2018-19

income tax slab ay 2013-14 fy 2012-13

The 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 to 60 Years Age) … Read more

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

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

Deduction U/S 80DD: Medical Treatment of Handicapped Dependents

Deduction in respect of Medical Treatment, etc. and deposit made for maintenance of handicapped dependents  – Deduction under section 80DD As we have discussed earlier about deduction under section 80C, 80D, 80CCC, 80CCD and other deduction. Here, we’ll talk about deduction under section 80DD related to medical treatment etc and deposit made for the maintenance … Read more

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

Health 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 assessment year on account … Read more

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

Education 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 education cess. Before we … Read more

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