Tax Planning
All You Need to Know About Professional Tax
What is a Professional Tax? Professional tax is a direct tax levied by the state government. If you are a professional such as a lawyer, doctor, chartered accountant, etc. then this tax will be levied. It is deducted from the gross salary along with TDS, EPF, and any other deduction. Professional Tax in India Professional ... All You Need to Know About Professional Tax
- Vaibhav Khandelwal
- 9 October 2023 • 7 min read
What is a Salary Slip or Pay Slip?
A salary slip is the document that an employer gives to an employee every month. It shows all the details about the salary and deductions thereof. You can get it either from HR in printed form or by email or you can download the same from the salary slip portal. A salary slip is an ... What is a Salary Slip or Pay Slip?
- Vaibhav Khandelwal
- 6 October 2023 • 8 min read
How to Check Income Tax Refund Status?
What is an Income Tax Refund? An income tax refund is an amount that is paid by the income tax department to the assessee if he/she has made any extra payment in the form of TDS, TCS, Advance tax or self-assessment tax. They figure out this amount after considering all the deductions and exemptions at ... How to Check Income Tax Refund Status?
- Vinit Kulkarni
- 4 October 2023 • 8 min read
Don’t Leave Money on the Table: How to Check and Claim Your Income Tax Refund?
Have you ever heard of an income tax refund? It’s when the government gives back some of the money you paid in taxes because you overpaid them. It’s like finding money that you didn’t know you had! But did you know that many people don’t even know they are eligible for a refund or know ... Don’t Leave Money on the Table: How to Check and Claim Your Income Tax Refund?
- Rohit
- 10 June 2023 • 11 min read
How to Download Your ITR and Acknowledgement: A Comprehensive Guide
Do you get worried when you hear the word ‘taxes’? Not able to figure out how to download your ITR and Acknowledgement? Well, don’t worry; we are here to help! In this guide, we will show you how to easily download your Income Tax Return (ITR) and acknowledgement. Think of it like getting a certificate ... How to Download Your ITR and Acknowledgement: A Comprehensive Guide
- Rohit
- 10 June 2023 • 6 min read
Which ITR form should you select when investing in bonds?
Bond investments generate two types of income. Firstly, interest income and capital gain or loss. You might not earn income under both heads. So the annual ITR form you file will vary. Interest income is taxable as per the individual’s income tax slab rate, while capital gains are taxed as per the holding period of ... Which ITR form should you select when investing in bonds?
- Animesh Gupta
- 10 June 2023 • 6 min read
All About Filing ITR1
The Income Tax Department has categorised taxpayers into many groups based on income sources to simplify tax compliance. Based on this categorisation, the Department has notified various Income-tax Return Forms (ITR 1, 2, 3, 4, 5, 6, and 7) that one has to file for declaring income and paying tax. In this article, we’ll tell ... All About Filing ITR1
- Animesh Gupta
- 10 June 2023 • 9 min read
How To Fill Form 15G For EPF Withdrawal?
EPF stands for Employee Provident Fund, a savings scheme mandatory for most employees in India. It is a retirement benefits scheme administered by the Employee Provident Fund Organization (EPFO) and governed by the Employee Provident Fund and Miscellaneous Provisions Act of 1952. Under this scheme, 12% of an employee’s basic salary and dearness allowance is ... How To Fill Form 15G For EPF Withdrawal?
- Vaibhav Khandelwal
- 10 June 2023 • 9 min read
What Are Direct Tax and Indirect Tax?
Understanding your tax liabilities can help you minimize your tax liabilities while ensuring compliance with the law. Taxes in India are of two types: Direct Tax Indirect Tax What is Direct Tax? Direct tax is imposed directly on individuals or entities, typically based on their income, wealth, or property, and is paid directly to the ... What Are Direct Tax and Indirect Tax?
- Animesh Gupta
- 8 May 2023 • 7 min read
Section 80IA – Tax Deductions for Infrastructure Development: All You Need to Know
About Section 80IA You have probably heard of Section 80IA. It is one of India’s most popular tax deductions, and for a good reason: it offers significant tax benefits for businesses that invest in infrastructure development. But what, exactly, does Section 80IA entail? And how can your business take advantage of it? In this article, ... Section 80IA – Tax Deductions for Infrastructure Development: All You Need to Know
- Rohit
- 8 May 2023 • 8 min read
