Video on how to choose old or new Tax slab Choose the old or new tax regime for FY 2022-23 Revised New Tax Regime from AY 2024-25 Tax rebate on an income of up to ₹7 lakhs has been introduced under the new tax regime. This means that taxpayers with an income of up to ₹7...
Select the financial year from the dropdown menu for which you want to calculate the income tax, then input your basic details such as your age group (it tells your applicable tax slab rates), type of city you are living in, earning source, the type of house you are living in, rent ...
If a I paid a half yearly premium of 15000/- for five years from 2010 to 2015 and U I received Rs.145000.00 in 2015. Insurance company has already deducted 2% TDS. My income comes under 30% tax slab. My Form 26AS shows credit of full 1,45,000. I should pay rest 28% tax on w...
Under the Indian income tax laws, each taxpayer is charged a different rate according to the tax slab that they come under. On the other hand, companies and firms have a fixed taxation rate charged on the profit earned during a fiscal year. For this reason, the income earned by people is...
Note: From AY 2021-22, there is no concept of an INR 10,000 penalty. Now the maximum penalty under section 234F is INR 5000 only. Reduced Time for Revising Your Return Suppose you are filing your ITR and you wind up making a mistake. Then, according to the changed rules, you just ...
CBDT: Sets Systematic approach to verify 'high-risk' refund claims AY 2024-25 The Income Tax Department has introduced a systematic approach to verify 'high-risk' refund claims for the AY 2024-25 (Financial Year 2023-24) based on a Standard Operating Procedure (SOP) issued by the Income ...
The last date to file ITR for individuals for FY 2023-24 (AY 2024-25) is 31 Jul 2024. Details here Learn Properly How to show Capital Gains on Mutual Funds, Indian Stocks, ESPSs, RSUs of MNCs, Fixed Deposits, Refund, Pay Self Assessment Tax and More How to Capital Gains in ITR for...
3Select the Tax Slab Based on Your Net Income 4Calculate the Tax Advantages of Using an Income Tax Calculator Managing taxes effectively is essential for financial stability and planning. An income tax calculator is a digital tool designed to simplify tax calculations, making the process more effic...
Investing in Mutual Funds for Beginner TDS, Form 26AS and TRACE Understanding Form 16: Part I Income Tax for Beginner,Income Tax For Beginner – Part II Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be ce...
Income Tax Slabs for FY 2019-20 or AY 2020-21 is What is 30% tax slab 30% Tax Slab is for total income Above ₹ 10,00,000. If a person has a total income of 14 lakh. Then His income slab = 30% Income chargeable at 0% (Exemption limit) 2,50,000 ...