The income earned between 1 Apr 2022 to 31 Mar 2023, called FY 2022-23 will be assessed for tax in the AY 2023-24. The last date for filing returns is 31 Jul 2023 Our article ITR Forms for AY 2023-24 or FY 2022-23 talks about it in detail. Check out our course on Income Tax...
Schedules of the Income Tax Act What are the Income Tax Rules? Taxpayers and Income Tax Slabs What are the Existing Tax Slabs? What are the New Income Tax Slab Rates? Exceptions to the Income Tax Slab What is Advance Tax? Income Tax Return Filing What are the Income Tax Forms? E-fi...
2– How to use Fisdom’s income tax calculator? 3– Income tax rates as per tax slabs – FY 2022-23 4– Income tax rebate 5– Surcharge and cess 6– Exemptions on income tax allowed under the new tax regime 7– Who should file ITR and how can one submit an income tax return?
Like any salaried income, freelance income is also taxable as per the applicable tax slab for freelancers. One of the top-tier benefits that freelancers get in their tax payments is the permit to deduct their freelancer expenses from freelancers’ income. Depending on the income of the freelancer...
Do I need to show Exempt Income in my tax return? Even though these are tax-free, all exempt incomes must be mentioned in the tax return. Ignore this at your peril. For AY 2019-20(FY 2018-19) in ITR-1, tax-exempt incomes have to be reported in the tab, ‘Computation of income ...
TOP INCOME TAX CONSULTANTS IN INDIA | TOP INCOME TAX CONSULTANTS IN DELHI/NCR | INCOME TAX CONSULTANTS IN ACCOUNTANCY | INCOME TAX CONSULTANT, INCOME TAX CONSULTANT NEAR ME
The income tax rates for freelancers are the same as those applicable to individual taxpayers. The rates are structured indifferent income slabs, and the tax rates change from time to time as per the annual budget presented by the government. ...
Sep 23, 2024 – Study – Analysis of Profits & Losses in the Equity Derivatives Segment (FY22-FY24) SEBI found out that over 91% of Futures & Option trades lost money trading in all the years in which the research was done. The data was taken from the top 10 brokers in India. Reta...
Sep 23, 2024 – Study – Analysis of Profits & Losses in the Equity Derivatives Segment (FY22-FY24) SEBI found out that over 91% of Futures & Option trades lost money trading in all the years in which the research was done. The data was taken from the top 10 brokers in India. Reta...
INCOME TAX FY 2020 – 21 Income Tax Slabs: There isNO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes! The tax slabs are determined on age of person. As of today there are 3 slab rates...