Tax Filing

Articles

2017-07-11 12:55:58

What are the tax exemption limits for allowances, reimbursements paid to employees?

Many of the allowances, reimbursements paid to us as a part of salary are tax-exempt up to a certain limit but the tax exemption is subject to certain conditions. This limit determines how much of these allowances/reimbursements are taxable or otherwise in our hands. 


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Tax Filing

Articles

2017-07-05 13:40:10

Income Tax Collection Has Seen an Unprecedented Rise Up To 26.2% till Date

The Income tax Department has recorded an incredible increase in its tax collection until 15th June 2017. Figures of collection across the country are exceptional because the net deposit of the income tax is increased up to Rs. 1,01,024 crore which is a healthy growth of 26.2% from the last year recorded at Rs. 80,075 on 15th June 2016.

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Tax Filing

Articles

4/4/2017

An Easy Guide to File Your Income Tax Returns

The taxpayers always prefer preparing their income tax returns properly for accessing the final figures to retrieve the minimum tax amount. After collecting every essential documents and information, it is the time to file ITR quickly. There are multiple gateways provided by the government to file your income tax return.

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Tax Filing

Articles

4/4/2017

Income Tax Return for AY 2016-17: A Complete Primer

It is necessary for every individual to file income tax return on their earnings at the end of a financial year. The government has issued different forms for filing the returns depending on the income source of an individual. ITR is a document which carries all the financial information regarding the individual who is paying tax on his/her earning in the relevant financial year. 

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Tax Filing

Articles

3/20/2017

All's identity exempted from documenting Income Tax Returns?

Exceptions are appropriate in India under which a man can assert findings to diminish his/her assessable pay. It incorporates exceptions under segment 80C, 80F, 80U, 80G, 80EC, 80H. These incorporate exceptions for house property, installment of the important sum. These exclusions are pertinent to NRIs also. In this way, for those exclusions that are relevant NRIs can guarantee it under specific segments, all the more there are sure exceptions which are not material to NRIs, for example, exception in view of age and sexual orientation, long haul and here and now capital increases are not exempted for NRIs too. 

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