on the income earned by an individual or business after certain deductions. Due to multiple income tax slab rates combined with many tax exemptions and deductions, calculation of income tax can be a challenging task. Not with the presence of an easy-to-use online income tax calculator, though...
Login to File Income Tax Returns (ITR) for FY 2023-24 (AY 2024-25) online with ClearTax. ClearTax is fast, safe and easy for ITR E-Filing. ClearTax handles all cases of Income from Salary, Interest Income, Capital Gains, House Property, Business and Prof
to avoid penalties under the Income Tax Act, of 1961. In this post, you can check out all due dates compulsory for FY 2023-24 (AY 2024-25). The practising CA, CS and tax professionals can also view advance tax and revised and updated ITR due dates. The CBDT department has started ...
A new electronic filing facility is available for new ITR-1 and ITR-4 forms for the FY 2023-24 Calculation of Advance Tax for A.Y. 2024-25 Now you can send any document or PDF file via Whatsapp or e-mail from the Print Preview of Reporter Return Forms, 26AS, Acknowledgment, Computat...
To put it simply, income tax can be defined as a tax charged on the annual earnings of any eligible citizen of the country. The amount of tax charged from each taxpayer depends on the income earned by the individual over a financial year. The calculation of tax applicable is done on the...
Investment Declaration:If you are investing in tax-saving products, mention the details in an investment declaration proof and submit it to your employer which will consider the same while calculating the TDS on your salary. An Example below will help you understand the calculation better. ...
» Discover innovative ideas on how to maximize your tax savings. Helpful Insights: » Receive assistance with the calculation of your annual gross salary. » Easily calculate the eligibility amount under sections 80C and 80D of ITR.
Learn how to file Income Tax Returns ( ITR ) for FY 2022-23 (AY 2023-24) and FY 2023-24 (AY 2024-25). We covers tax concepts on Salary, interest, Capital Gains, House Property, Business and Profession and GST.
CBDT Extends Deadline for Tax Payable Calculation Under Vivad Se Vishwas Scheme, 2024 to 31st January 2025 31 December 2024 at 09:10 In a significant relief for taxpayers, the CBDT, through Circular No. 20/2024 dated Dec 30, 2024, has extended the due date for determining the payable am...
2.4 Concessional Rates of Tax u/s 115BAC 3. Section 192 of the Income-tax Act, 1961: Broad scheme of Tax Deduction at Source from “Salaries” 3.1 Method of Tax Calculation 3.2 Payment of Tax on Perquisites by Employer 3.3 Computation of Average Income Tax ...