Income tax

Income Tax Slabs for FY 2020-21 (AY 2021-22)

Income Tax Slab for FY 2020-21 (AY 2021-22) for Individuals (Men & Women), HUFs, Senior Citizens, Partnership Firm, Domestic Company…

February 3, 2020

New Reduced Tax Slabs – What it means for you?

The new reduced tax slab proposed in Budget 2020 may sound great but when analysed with the tax deductions forgone,…

February 1, 2020

Income Tax Slabs History in India

We all hate paying taxes, but like death taxes too are unavoidable! You may not know this but not very…

February 1, 2020

Is NPS Good Investment for Senior Citizens?

NPS is good tactical investment for senior citizens only if you are investing to save tax u/s 80CCD(1B). Also you…

January 22, 2020

How to Calculate Income Tax for Senior Citizen with Salary, Pension & Interest Income? (FY 2019-20)

I often get request to calculate income tax for readers and how they can save more tax! It’s not possible…

January 21, 2020

Income Tax Slabs for FY 2019-20 (AY 2020-21)

Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax…

January 20, 2020

How India Tax Investments in 2021 ★ 23 most common Investments Explained

Taxation plays a very important role in the returns generated by your investment and so you should know how India…

January 14, 2020

80EEB – New Tax Exemption on Loan for Purchase of Electric Vehicles

In the full Budget, presented on July 5, 2019 a new section 80EEB was introduced which would give tax exemption…

January 14, 2020

80EEA – New Tax Exemption on Loan for Purchase of Affordable House

Section 80EEA would give additional tax exemption of 1.5 lakh on home loan taken for purchase of affordable house 🏠🏡🏘️🏚️🏢.…

January 13, 2020

Submitting Income Tax Proof to Employer – Guidelines, Dos & Don’ts

It’s time of the year when everyone including your employer is worried about your taxes. Most people would have received…

January 13, 2020
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