Click on the continue option to proceed forward to the next step. Fill out the ITR form with all the required details demanded by the Income-tax department of India. Calculate the amount of tax you have to pay. Choose the suitable option from the “Taxes paid and verification tab.” Pre...
ITR now come with astandard deduction, For Salaried and Pensioners. While filing ITR, the maximum amount ofstandard deductionthat can be claimed by asalaried individual/pensionerisRs 40,000for the financial year 2018-19, as shown in the image below (It was increased to 50,000 Rs for FY 201...
If the total tax payable in a financial year is Rs. 10000 or more, then a person has to pay Advance tax. Advance tax meansincome taxshould be paid in advance instead of lump sum payment at year-end. You pay this tax in the financial year preceding the assessment year in four installme...
“How Income Tax is Calculated on Salary?”– Navigating the labyrinth of income tax calculation in India, particularly for salaried individuals, can be akin to solving a complex puzzle. Fear not, for it’s a crucial puzzle to unravel in the realm of personal finance. Income Tax Calculator s...
Do remember that as in case of other TDS, any TDS done with respect to your EPF withdrawal will also reflect in your Form 26AS. You have to show it in your ITR. EPF Form 15G – How to fill online for EPF withdrawal? Now you have understood the TDS rules applicable to EPF and als...
Go to part of ITR withFiling Status, PART-A General, for example shown in image below (Fill Excel ITR form : Personal Information,Filing Status) ForWhether original or revised returnselect R-Revised. ForReturn filed under sectionselectRevised 139(5). ...
Claim HRA not accounted by the employer in ITR 1 ITR1 has only one field for filling Income From Salary. So for field Income chargeable under the Head Salary/Pension , on your Form 16, you need to fill in Gross Salary which takes care of all deductions,allowances etc . Fill information...
Articles toUnderstand Income Tax, How to Fill ITR,Income Tax Notice… E-verification of Income Tax Returns and Generating EVC through Aadhaar, Net Banking What to Verify in Form 26AS? After e-filing ITR: ITR-V,Receipt Status,Intimation u/s 143(1) ...
A simple two-page form has to be filled for declaring unaccounted cash under the new tax evasion amnesty scheme which does not require one to reveal the source of such income. Declarants will need to fill in personal details like office and home address, telephone numbers, email and PAN ,...