Income Tax Tips

Tips for Filing Income Tax Returns

Income Tax - Income-tax return is a legal document and it should be filed by the assessee with due care and caution. There should be no corrections or overwriting and it should be properly signed and verified by the person authorized to do so under the provisions of the Income-tax Act. The following important points may be taken care of while filling ...

Read More

HRA Vs. Rent Free Accommodations (RFA)

Income Tax - House Rent Allowance (H.R.A.) results in tax savings because accounting under Income tax act is direct exemption based. However, accounting of Rent Free accommodation is valuation based taxation and added to total income of employee presumptive basis. Please note Rent-Free Accommodation cannot be taxed if Salary is NIL The principles of v...

Read More

Don’t Believe These Tax Accounting Myths

Income Tax - There is a lot of false information out there about what you can and can't do on your annual taxes. Here are some of the biggest myths that plague the system and what the truth behind them actually is: ...

Read More

When Retirement Planning Is Not About Getting Old

Income Tax - What I… retire, no way? Well, at the age of 25 years, the thought of retirement may not be the first that you will be having when you receive your first salary. At a young age, the idea of having a retirement plan that will take care of your needs at old age will be the last priority. Yet, the earlier you begin your retirement planning,...

Read More

Tips to save Income tax for Salaried Person

Income Tax - Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus needed to achieve those goals....

Read More

Investors – Don’t Miss to watch Plan F program on CNBC TV 18

Income Tax - CA Sandeep Kanoi I just came to know about one very interesting investor education initiative called “Plan F- your financial fitness plan” and thought of sharing the same with you all. My very dear friend and blogger Manish Chauhan of www.jagoinvestor.com shared the program details with me and I would like to pass on details about t...

Read More

Taxability of IIFCL Tax Free Bonds – Issue opening on 26 Dec 2012

Income Tax - India Infrastructure Finance Company Limited Issue Period: 26 Dec 2012 to 11 Jan 2013 Key Benefits: Credit Ratings: AAA by CARE, AAA (Stable) by ICRA and BRICKWORK Interest on these Bonds is Tax-Free, no TDS is applicable, Wealth Tax is not levied No lock in period and no upper limit on investment amount Issue Size: […]...

Read More

Sell Investment in shares made less than a year ago to lower tax burden

Income Tax - If you are sitting on unrealised losses on equity investments made less than a year ago, here is some consolation. Those unrealised losses can be used to lower tax liabilities for the current financial year. Tax experts are advising investors to book their losses on or before March 31 this year and buy back those […]...

Read More
Sorry No Post Found
Sorry No Post Found

Recent Posts in "Income Tax Tips"

Tips for Filing Income Tax Returns

Income-tax return is a legal document and it should be filed by the assessee with due care and caution. There should be no corrections or overwriting and it should be properly signed and verified by the person authorized to do so under the provisions of the Income-tax Act. The following important points may be taken care of while filling ...

Read More
Posted Under: Income Tax | ,

HRA Vs. Rent Free Accommodations (RFA)

House Rent Allowance (H.R.A.) results in tax savings because accounting under Income tax act is direct exemption based. However, accounting of Rent Free accommodation is valuation based taxation and added to total income of employee presumptive basis. Please note Rent-Free Accommodation cannot be taxed if Salary is NIL The principles of v...

Read More
Posted Under: Income Tax | ,

Don’t Believe These Tax Accounting Myths

There is a lot of false information out there about what you can and can't do on your annual taxes. Here are some of the biggest myths that plague the system and what the truth behind them actually is: ...

Read More
Posted Under: Income Tax |

When Retirement Planning Is Not About Getting Old

What I… retire, no way? Well, at the age of 25 years, the thought of retirement may not be the first that you will be having when you receive your first salary. At a young age, the idea of having a retirement plan that will take care of your needs at old age will be the last priority. Yet, the earlier you begin your retirement planning,...

Read More
Posted Under: Income Tax |

Tips to save Income tax for Salaried Person

Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus needed to achieve those goals....

Read More
Posted Under: Income Tax | ,

Leave Salary encashment Exemption, Calculation, Download calculator

Earned leave means the leave accrued to the employee in proportion of the work done by him. This varies from employer to employer. For example in government sector, the earned leave is 2.5 days for every month worked. This 2.5 days is granted with a view to provide him rest to enable him to recover from the stess and strain endured by ...

Read More
Posted Under: Income Tax |

Tax Benefits on Home Loan

Article deals with Tax Benefit on Home loan under section 80C for Loan Principal Payment, Section 24 for Interest Payment, Tax planning of Home Loan & HRA....

Read More
Posted Under: Income Tax | ,

Supporting for claim of Leave Travel Concession (LTA) – Mandatory?

LEAVE TRAVEL CONCESSION UNDER SECTION 10(5) OF INCOME TAX ACT,  1961: The amount exempt under section 10(5) for LTA/LTC is the value of any travel concession or assistance received or due to the assessee from his employer for himself and his family in connection with his proceedings on leave to any place in India. Exemption […]...

Read More
Posted Under: Income Tax |

27 tips to save Income Tax in India for salaried & business person

Everyone wants to increase the income but don’t want to pay taxes. There are many ways to save income tax. You might know few of these but I am sure you will find at least one new way from this article that can save more tax this year. There is a long list, so I […]...

Read More

Tax Planning- Save tax through your family

Its a fact that Your own parents as well as your own in-laws can become legal tools of tax planning for you and your family. If you want to achieve this dictum then all you are need to do is just to give away a portion of your funds, either as a gift or a loan, to your parents as well as your parents in law so that in years to follow your...

Read More
Posted Under: Income Tax | ,
Page 1 of 912345...Last »

Browse All Categories

CA, CS, CMA (3,746)
Company Law (3,874)
Custom Duty (6,950)
DGFT (3,684)
Excise Duty (4,144)
Fema / RBI (3,477)
Finance (3,669)
Income Tax (27,479)
SEBI (2,898)
Service Tax (3,367)

Search Posts by Date

July 2018
M T W T F S S
« Jun    
 1
2345678
9101112131415
16171819202122
23242526272829
3031