ITR Filing: You can deduct your tax by using these 6 types of deductions

ITR Filing: Have you filed Income Tax Return? It is necessary to file income tax return if the annual gross income is more than Rs 2.5 lakh. Its deadline (last date) is July 31, 2022. Taxpayers are allowed to claim multiple deductions. This reduces the tax burden on him. We all know about the investment options covered under section 80C. You […]

Income Tax Return Assessment year 2022-23: Do not file ITR without seeing TIS-AIS, Income Tax Department will send notice

Income Tax Refund Latest Update: The Income Tax Department has recently introduced TIS (Taxpayer Information Summary) and AIS (Annual Information Statement) which aims to bring transparency and simplify things in ITR filing. You can download both of these very easily from the Income Tax Department website www.incometax.gov.in. The season for filing income tax returns has […]

EPFO rule change: know about income tax EPF tax EPF account

EPFO rule change:  The Central Board of Direct Taxes (CBDT) has issued new rules regarding the contribution made to the Provident Fund (PF) and the interest earned from it. In this, all the things related to interest rate to tax are related. Let us understand the whole thing in 10 points.  EPF is the most important […]

EPFO Alert ! Before filing Income Tax Return, know the rules of tax on PF

EPFO Alert ! Before filing Income Tax Return, know the rules of tax on PF EPFO Alert: The government has decided to reduce the tax benefit on PF to target the high-income people who are benefiting from the scheme. Employees’ Provident Fund (EPF) is one of the most important financial planning and retirement investment options […]

Income Tax Slabs: Latest income tax slab rates for FY 2021-22 and 2022-23

Indian Income tax levies tax on individual taxpayers on the basis of a slab system. Slab system means different tax rates are prescribed for different ranges of income. It means the tax rates keep increasing with an increase in the income of the taxpayer. This type of taxation enables progressive […]