Everyone hates paying taxes and always are on lookout for Options to Save Tax. However the income tax rules in India are complicated and its becoming more so in recent years. Budget 2020 introduced the concept of New Tax Regime, then there were several changes to the laws in 2020. Thankfully Budget 2021 has been …
Have you Explored all Options to Save Tax for FY 2021-22? Read More »
Download the Excel based Income Tax Calculator India for FY 2020-21 (AY 2021-22). This compares the New Vs Old Tax regime and NRIs can also use this
Can we claim HRA and home loan simultaneously for Tax Benefit? – A question which is often asked by many tax payers. This is mainly because many employers do not allow both tax benefits together in certain situations. Unfortunately this is NOT the right thing to do. Both HRA and Home Loan Interest tax sections …
Can we claim HRA and home loan together for Tax Benefit? Read More »
Once the ITR is submitted and verified by the tax payer, the department goes through every return in automated/manual fashion to check if everything was correct and matches with the data available with them. In case they find a wrong/doubtful entry or have further questions about any declared or undeclared income or deduction or exemption, …
Received Income Tax Notice – Here how to Respond to it Read More »
How to Tax Save Income for Salaried and Professionals for FY 2021-22? – a question that is often asked by my friends, family and blog readers. This is expected mainly due to the complicated income tax structure. There are multiple tax sections and every year a few more are added or modified. It’s hard to …
How to Tax Save for FY 2021-22 – Download Tax Planning ebook Read More »
