How to Open PPF Account in SBI?

Today, the PPF account has become an important consideration for every individual who has a source of income. The facility of PPF not only offers an individual with the benefit of making savings on a regular basis, but also allows a person to save taxes. One of the most recognized ways to invest in PPF … Read more

PPF (Updated 2022) A Popular Tax Saving Scheme

Who Can Open PPF Account? Any individual in his own name or on behalf of a minor for whom he is a guardian, can open a PPF account in addition to their GPF account. Only one PPF A/c can be opened in one name. Either father or mother can open a PPF account on behalf … Read more

Paid Life Insurance Premium! Remember to Claim Tax Benefits

Life insurance premium protects one’s life as well as it is a great tool for tax planning.It helps to save tax. Life insurance premium is the amount paid by a person for buying a insurance policy. The life insurance company provides a lump sum amount at the end of term which is called maturity in … Read more

Deduction 80C A.Y.2022-23 & A.Y.2021-22 – Complete Guide

We will cover here the complete detail about deduction under section 80C for A.Y.2022-23 & A.Y.2021-22. We know that you are very much interested to know the deduction from gross total income to calculate net income tax. As we will discuss only here deduction under section 80C in detail. There are lots of deductions comes under … Read more

Tax Audit Report and Return Date Extension A.Y.2021-22 [Read Circular]

CBDT has extended the due dates of filing income tax returns and various reports of audit for the assessment year 2021-22. Download Official Circular No.01/2022 Dated 11-01-2022 – Download Here  Official Website Link to Download Circular – Visit here Tax Audit Report and Return Date Extension A.Y.2021-22 Events Extended Date The due date of furnishing … Read more

Cost Inflation Index Table 2021-22 Updates

New Cost Inflation Index Table: Check here the latest cost inlflation index table. Sr.No. Financial Year Cost Inflation Index 1 2001-02 100 2 2002-03 105 3 2003-04 109 4 2004-05 113 5 2005-06 117 6 2006-07 122 7 2007-08 129 8 2008-09 137 9 2009-10 148 10 2010-10 167 11 2011-12 184 12 2012-13 200 13 … Read more

LIC Tax Deductions & Benefits (A.Y.2022-23 & A.Y.2021-22)

The first thing comes in our mind is LIC (Life Insurance Premium) or LIP whenever we talk about deduction under section 80C. But you all know it is only one of the part or deduction along with other deductions comes under section 80C. Life Insurance Premium paid on the life insurance policies issued by LIC … Read more

How to link Aadhaar Card with PAN Online?

The income tax department wants to reduce the manual work regarding e-filing and to reduce the tax evasion. As per the notification issued by the IT department, linking of Aadhaar Card with the PAN is compulsory for every assessee. Time limit for intimation of Aadhaar number to the Income tax Department for linking of PAN … Read more

How to e-Verify of Income Tax Return?

Check all method to e-Verify income tax return in a very easy and quick steps with pictures. You can ask us if you find an difficulty to e-verify ITR via comment form given below.  The income tax return filing process is not complete until a successful verification of income tax return. The income tax return shall … Read more

How to e-Verify ITR through ATM (Updated)

In this article, we will discuss about how to e-verify income tax return (ITR) with bank ATM. As you all know that income tax return verification is mandatory after e-filing. There are two ways to verify income tax return (ITR) i.e. online or offline. There are total five ways to verify income tax return online. The … Read more

How to e-Verify ITR with DSC 2021 (Updated) New Website

In this article, we will discuss how to e-verify income tax return through digital signature certificate (DSC) 2021. We will cover all the guide which is applicable on new income tax portal i.e. incometax.gov.in. It is very simple procedure to e-verify income tax return (ITR) through DSC. The article is updated for A.Y. 2021-22. All … Read more

Tax Calendar Oct 2021 (Due Dates GST, TDS, Income Tax)

Tax Calendar Oct 2021 (Due Dates GST, TDS, Income Tax): Find all the income tax & GST due dates, last dates, deadlines for the period in the month of Oct 2021. The due dates includes all TDS Returns, TDS Statements, income tax returns, income tax payments & TDS certificates along with form name and period. … Read more

Income Tax Rates on Partnership Firms [A.Y. 2022-23] & [A.Y. 2021-22]

See the latest income Tax rates or income tax slab for partnership firms for A.Y.2022-23, A.Y.2021-22, A.Y.2020-21, A.Y.2019-20, A.Y. 2018-19, A.Y. 2017-18 A.Y.2016-17, A.Y. 2015-16 & A.Y. 2014-15“. Income Tax Rates on Partnership Firms A.Y.2022-23 Long-term capital gain from equity shares, etc. u/s 112A 10% Long-term Capital Gain u/s 112 20% Short-term Capital Gain u/s … Read more

7 Situations When You Could Lose Tax Benefits on Your Health Insurance 80D

The Income Tax Department of India has maintained a provision of deduction for taxpayers who invest in health insurance policies.  As per the current scenario, the IT Department allows a deduction of ₹25, 000 for common citizens and ₹50, 000 for senior citizens in every assessment year. However, there are certain prescribed guidelines that tax … Read more

Deduction 80D AY 2022-23 – A Complete Guide with Calculation

The person who paid medical insurance premium himself or spouse or parents or depended children can claim the deduction from total income of the person as per the instructions given below. We will discuss here the complete detail about deduction under section 80D for the A.Y.2015-16 to A.Y.2022-23 Who can claim deduction 80D? Individual and … Read more

Income Tax Slab AY 2022-23

Income Tax Slab (AY 2022-23): This income tax slab for A.Y. 2022-23 includes all amendments up to date (includes all amendments made in Finance Bill 2021). NO change in basic exemption limit or slab rates in finance bill 2021. Income Tax Slab (Old Tax Regime) ✔ (Individual/HUF/A.O.P/B.O.I) ✔ (A.Y. 2018-19, A.Y. 2019-20, A.Y. 2020-21, A.Y. … Read more

ITR 1 Form AY 2019-20 | How to Fill ITR-1 | How to efile ITR1?

Download ITR 1 Form (A.Y. 2019-20) Utility Version Release Date Download Java PR3 26-06-2019 Download Excel PR3 26-06-2019 Download Excel PR1 09-04-2019 Download Java PR1 15-04-2018 Download PDF 24-04-2019 Download Instructions for ITR-1 24-04-2019 Download Here you will find the complete detail regarding ITR 1 Form in a very simple English. You can ask us … Read more

ITR 3 AY 2019-20 – Excel & Java Utility Updated – Download

ITR-3 AY 2019-20: Income Tax Department has updated the ITR-3 excel utility and java utility on 12th July 2019. You can download new ITR-3 excel and java utility with latest e-Schemas from the following links given below. Download ITR-3 for A.Y.2019-20 Format Version Date Download Excel PR2 12-07-2019 Download Java PR2 12-07-2019 Download PDF Instructins … Read more

ITR 2 Form AY 2019-20 | How to e-File ITR -2 | Excel Utility Released

Central Board of Direct Taxes (CBDT) has updated ITR-2 form on 11th July 2019. You can download ITR-2 in excel utility and java utility along with PDF instructions. Download ITR-2 Form AY 2019-20 Format Version  Date Download Excel PR2 11-07-2019 Download Java PR2 11-07-2019 Download PDF Instructions     Download PDF     Download Excel … Read more

ITR 7 Form A.Y.2019-20 – Download Excel Utility

Here you will find the complete guidance of ITR-7 form like download PDF, e-filing utilities (Excel & Java), instructions for A.Y. 2019-20. Download ITR-7 A.Y. 2019-20 Utility Version Date Download Excel Utility PR-1 04-06-2019 Download PDF Download Download ITR 7 – PDF, Excel & Java Utility A.Y.2018-19 Utility Version Date Download Excel PR4 09-08-2018 Download … Read more