Filing ITR for Senior Citizen with Pension & Fixed Deposit
Step by Step instructions (with screenshots) to file income tax return using ITR-1 for Pension and Fixed Deposit Income for Senior Citizen for AY 2019-20.
AY 2019-20
Do we need to file income tax return if the income is less than Rs 5 Lakh?
I have received some queries asking, “Is it compulsory to file income tax return (ITR) if the income is less than Rs 5 lakhs?” I understand why there is so much confusion. We explain who needs to compulsorily file tax return and who are exempted from the same.
Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download
Budget 2018 has made some changes to Income tax for individual. There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. We highlight the changes and give you the new tax calculator for FY 2018-19 [AY 2019-20]. Changes in Income Tax Rules: …
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13 Important Changes in Tax Rules from FY 2018-19
Every budget makes some changes to tax laws every year and Budget 2018 was no different. We must be aware of these changes and plan our taxes and investments accordingly. Below are the 13 changes that Budget 2018 made and all of these would be applicable from April 1, 2018: 1. Reintroduction of Standard Deduction …
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What if You DO NOT file your Returns by due Date of July 31, 2019?
The due date for filing income tax returns for individuals is July 31, 2019. Most taxpayers may be preparing and be in process of filing their tax returns. However there are people who may not be able to file their returns before due date or are too lazy to file their returns. The question is what …
What if You DO NOT file your Returns by due Date of July 31, 2019? Read More »