Tax Paid By An Indian: Some needs of individuals are personal (Eg: To own a car). But in a society there are needs and demands which are common for many (Eg: a public road for all car owners). It is almost impossible for an individual to satisfy all the common …
The following exceptions are legal ways to claim income tax deductions or exemptions, and thus save you thousands or lakhs of rupees which you might other wise pay as tax. Section 80C Exemptions– Max Limit Rs.1 Lakh Provident Fund (including Public PF) Fixed Deposits (>= 5 Yrs) NSC Insurance / Pension …
Not using the Income Tax Return Online option yet? It is not that tough as you imagine, and if you can spend 30 minutes on the below document, it may help you save Rs.200-400, which you spend as fees for Income Tax Returns towards CAs or commercial websites. Income Tax …
Having read a detailed post on File Income Tax Return Online for Free: Step by Step Guide, you might have started filing income tax returns yourself. But there may be one question where you might get stuck. Income Tax Ward or Circle? While filling Income Tax returns or while applying PAN …
This Income Tax Return article is presented in QA(Question-Answer) model for easy understanding. Qn 1: Should I pay Income Tax? If your total income after deductions allowed by government comes above a limit(2L for men and 1.9L for women)you need to pay income tax. But if you are a salaried employee,most …