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 »
The income tax department has finally come out with new forms for filing income tax returns for AY 2015-16. These forms were revised after outrage from tax payers and are suppose to be simpler. In the whole simplification process, income tax department have introduced an additional form ITR 2A in addition to the existing ITR
ITR Form 2A – The new IT Return Form for AY 2015-16 Read More »
We are releasing the eBook on Tax Planning for FY 2015-16. This is a short 44 slide power point presentation which gives the details of tax saving sections and investments available to individual tax payers. The eBook covers the following income tax sections available for individual tax payers: [button link=”https://apnaplan.files.wordpress.com/2018/02/how_to_save_tax_for_fy_2015_16.pdf” size=”large” style=”download” color=”darkcyan” text=”light”]Download Tax Planning
The Budget 2015 presented on February 28, 2015 which brought the following 8 changes in Income Tax rules for Individual tax payers. 1. Income Tax Slabs: There is no change in tax slabs for FY 2015-16 people with income of less than 1 crore. However for the super rich (with annual income of more than 1
9 Changes in Income Tax Exemptions and Rules in Budget 2015 Read More »
The Union Budget for 2015 was presented today by Arun Jaitely. The tax slabs have remain unchanged but there have been some changes in terms of Transport Allowance, Medical Insurance benefits and exemption for Physically challenged tax payers. Budget 2015: Changes We have incorporated the 7 changes that happened in Budget 2015 (presented on February
Income Tax Calculator for FY 2015-16 [AY 2016-17] – Excel Download Read More »
