Budget 2015 has made No change in the income tax slab. However it has increased the surcharge from 12% to 15% applicable for income above Rs 1 crore. Income Tax Slabs: There is NO separate tax slab for men and women. Earlier women used to have slight benefit over men in terms of lower taxes! […]
Income tax for individual is what most tax payers want to know in Budget. In Budget 2016, the finance minister has made little changes to this. We highlight the changes and give you the new tax calculator for FY 2016-17 [AY 2017-18]. Changes in Income Tax Rules: 1. There has been no change in the
Income Tax Calculator for FY 2016-17 [AY 2017-18] – Excel Download Read More »
We are releasing the eBook on Tax Planning for FY 2016-17. This is a short 45 slide power point presentation which gives the details of tax saving sections and investments available to individual tax payers. But first lets look at the changes in the Income Tax rules in Budget 2016. The New Tax Saving Guide
Budget 2016 had proposed certain changes in taxes which became effective from June 1, 2016. You might have come across some and missed others. Here are 9 changes that became effective this month and how it impacts you. [dropcap]1[/dropcap] Krishi Kalyan Cess This government loves cess and effective June 1, 2016 you will need to pay
Budget 2016 had made some changes in the rules related to Income Tax Returns. We discuss these changes and what it means for the tax payers. 1. Who needs to File Income Tax Return Compulsorily? Existing Rule (till AY 2015-16) you need to file your income tax return if your gross taxable income (without any
4 Changes in filing Income Tax Returns in Budget 2016 Read More »
