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Income Tax Return

Wow! I-T dept refunds tax claims in 20.44 lakh cases in just 56 days; tax payers can do this for quick processing

Wow! I-T dept refunds tax claims in 20.44 lakh cases in just 56 days; tax payers can do this for quick processing

Fri, Jul 03, 2020

In an amazing feat, the Income Tax Department has cleared refund claims at a speed of 76 cases per minute, settling claims worth a whopping Rs 62,361 cr in 20.44 lakh case, a Ministry of Finance release said.

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SBI Alert! Do this to avoid paying tax on cash withdrawal above this amount

SBI Alert! Do this to avoid paying tax on cash withdrawal above this amount

Fri, Jul 03, 2020

If you are a SBI customer and you withdraw cash of Rs 20 lakh and above in a year, then this tax saving advice from the bank will be of great help to you. The largest public sector lender tells how customers can save themselves from paying unnecessary TDS on cash withdrawals of Rs 20 lakh and above. All you have to do is follow these 3 simple things

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Income Tax Slab: Alert! Don't make a mistake! Here is what taxpayers must do under new rules

Income Tax Slab: Alert! Don't make a mistake! Here is what taxpayers must do under new rules

Tue, Jun 30, 2020

Income Tax Slab: In Budget 2020, FM Sitharaman gave income taxpayers an option to either choose the old income tax slab and get benefits of Section 80C tax exemption or opt for a new income tax slab without these benefits.

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Income Tax Return: CBDT notifies new ITR forms; know which one you should use for ITR filing

Income Tax Return: CBDT notifies new ITR forms; know which one you should use for ITR filing

Fri, Jun 26, 2020

Income Tax Return: The Income-Tax Department has released new Income-Tax Return (ITR) forms.

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ITR filing for AY 2020-21: What is new and benefits thereof in Form 26AS? EXPLAINED!

ITR filing for AY 2020-21: What is new and benefits thereof in Form 26AS? EXPLAINED!

Fri, Jun 19, 2020

ITR filing for AY 2020-21: A salaried individual is well aware about the Form 26AS because it verifies the details of tax deducted by the recruiter.

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Income Tax Return: Top 5 mistakes that you must avoid while filing your ITR

Income Tax Return: Top 5 mistakes that you must avoid while filing your ITR

Fri, Jun 12, 2020

Income Tax Return (ITR) filing is a responsibility that each and every earning individual must take care of. When everything is going digital, income taxpayers are advised to do their bit and e-file their ITR  - all on their own.

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Income Tax Return: Have investments in equity? Your spouse can help you save money

Income Tax Return: Have investments in equity? Your spouse can help you save money

Thu, May 28, 2020

Income Tax Return: Those who haven't filed their ITR have got ample time to use the income tax calculator and find out various ways to save money. 

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EXPLAINED! Increase your Income Tax benefit on home loans by making your partner co-applicant and co-owner

EXPLAINED! Increase your Income Tax benefit on home loans by making your partner co-applicant and co-owner

Wed, May 20, 2020

Income tax benefits are available under Section 24(b) for interest paid and under Section 80C for the principal repayment, subject to certain conditions. 

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EXPLAINED! Income Tax benefit for salaried who don't receive HRA, but stay in a rented house

EXPLAINED! Income Tax benefit for salaried who don't receive HRA, but stay in a rented house

Tue, May 19, 2020

Income Tax Calculator: While filing one's Income Tax Return (ITR), first and foremost objective of taxpayers is to save as much of the income tax outgo as they can.

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EXPLAINED: Income Tax benefits for salaried employees who receive HRA

EXPLAINED: Income Tax benefits for salaried employees who receive HRA

Wed, May 13, 2020

Income Tax Calculator: While filing the Income Tax Return (ITR), an earning individual tries to get maximum tax exemption.

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Income Tax deadline ALERT: FM Nirmala Sitharaman extends ITR filing, Vivad Se Viswas last dates

Income Tax deadline ALERT: FM Nirmala Sitharaman extends ITR filing, Vivad Se Viswas last dates

Wed, May 13, 2020

Income Tax deadline Alert: Giving relief to the income tax payers amid Coronavirus lockdown, Finance Minister Nirmala Sithaman has extended the deadline for Income Tax Return (ITR) filing from 30th June 2020 to 30th November 2020.

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Top 5 common Income Tax mistakes taxpayers must avoid while filing ITR online

Top 5 common Income Tax mistakes taxpayers must avoid while filing ITR online

Fri, Apr 17, 2020

Income Tax Alert: Income Tax Return (ITR) filing is the first and foremost responsibility of an earning individual. 

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Income Tax: How to save maximum money while filing your ITR

Income Tax: How to save maximum money while filing your ITR

Fri, Apr 17, 2020

Income Tax Calculator: When an earning individual goes for income tax return (ITR) filing, his or her major focus should be on reducing the tax outgo.

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Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Auto Loan Calculator: Surprise! You can claim income tax exemption if your vehicle falls in this category

Tue, Apr 14, 2020

Auto Loan Calculator: If your are going to file Income Tax Return (ITR), then it is advisable to nurture all possible tax-saving options as a penny saved is penny earned.

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Income Tax Calculator: Want to save money while filing ITR? Top 10 tax-saving investments other than Section 80C that can help you

Income Tax Calculator: Want to save money while filing ITR? Top 10 tax-saving investments other than Section 80C that can help you

Sat, Apr 04, 2020

Income Tax Calculator: When it comes to paying taxes, we all give our best to reduce our tax liability for each financial year.

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Income Tax Calculator: From today, Income Tax Department provides double benefit for taxpayers; see how you can benefit

Income Tax Calculator: From today, Income Tax Department provides double benefit for taxpayers; see how you can benefit

Wed, Apr 01, 2020

Income Tax Calculator: Income tax is 100 per cent exempted under PM CARES Fund 80G deduction law, say tax and investment experts.

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Income Tax Alert! Filing ITR online? Ensure e-verification before logging out; step by step guide

Income Tax Alert! Filing ITR online? Ensure e-verification before logging out; step by step guide

Sat, Mar 28, 2020

Income Tax Return e-filing: The last date for income tax return filing has been extended by three months to 30th June 2020. 

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Alert! Three Month Tax Saving Exercise: PPF, loans, insurance to education, top investment options for taxpayers

Alert! Three Month Tax Saving Exercise: PPF, loans, insurance to education, top investment options for taxpayers

Sat, Mar 28, 2020

Income Tax Alert: The government has extended the tax filing deadline until June 30, 2020. Now, taxpayers have time to complete their tax-saving exercise for Financial Year 2019-20. 

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Planning to opt for new income tax slabs 2020? You can still claim this NPS account benefit

Planning to opt for new income tax slabs 2020? You can still claim this NPS account benefit

Thu, Mar 26, 2020

Income Tax Calculator: The Government of India has extended the income tax return filing by three months to 30th June 2020.

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Living in a rented house? New income tax slabs can help you save money

Living in a rented house? New income tax slabs can help you save money

Sat, Mar 21, 2020

Income Tax Payment: According to the Money Bill 2020, those who are living in a rented house, can still claim the standard deduction for their house rent.

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