Learn about Five Income Tax Notices from IT Department After filing the income tax returns or before filing the IT returns, the taxpayers receive some notices from the Income Tax department. There is a total of 5 types of notices…
How to Pay Zero Tax for Income up to Rs 12 Lakhs and Get Tax free for Financial Year 2016-17 The budget has been issued and there have been no notable changes made in terms of tax rates for individuals. …
Tax And Penalty On Cash Deposit Due To Demonetization Though the latest move of government towards the ban on big notes in the country is aimed at building a black money free society, it has pushed the commons to the…
What do you understand by National Pension Scheme, NPS? The changes introduced in the NPS, 2016 The PFRDA, in its circular added two more options of life cycle funds under Auto Choice option viz. Aggressive Life Cycle Fund and Conservative…
How To Register On The Income Tax Department Website? Every tax payer need to complete the registration process in order to access the e-Filing website. eFile or electronic filing is a system for submitting tax information to the IRS through…
House Rent Allowance (HRA) Exemption – Sec 10(13A) Several allowances can be availed for all the employees as per the act introduced by the Income Tax department. Among numerous allowances, the relevant employers often give House Rent Allowance to the…
Leave Encashment & Tax Implications Most of the employees working as salaried individuals well-known about various types of leaves that people take in a company or office. There are different types of leaves that include casual leave, sick leave, personal…
8 Ways to Receive Income Tax Refund in Quick Way The tax payers who had claimed Income Tax returns than the actual amount, then there is a chance of getting back the additional amount as a refund. The tax payers…
The tax payers need to pay the income tax every year. The amount of the tax calculated based on their annual income. There is a process for making the payment of income tax either online or offline. Earlier, people used…
In this tutorial, you can check the process of downloading or viewing the Form 26AS via the TRACES web portal. The Form 26AS can be downloaded in two ways. You can either download it from the TRACES website through online…