Here are the 5 most important things to know before you Submit Investment proofs for tax saving

Do you know everything regarding investment proofs which you provide to your employer at the time of tax-saving season? If your answer is NO, then this article will help you understand a lot of things which you don’t know or partially know about. So, I will talk about some of the common things you should […]

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13 tax-free incomes in India – every investor should know

Paying Income tax is one thing, which most of the people do not like. Everyone tries to minimize their income tax by some or the other means. So today, I will be sharing with you the list of some income’s which are 100% tax-free in India. Yes, you heard it right. If you earn these income’s, […]

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No more sending ITR-V by post after income tax filing – Verification with aadhar card introduced

There is a good news to taxpayers. CBDT recently announced that taxpayers who filed their income tax returns online will no longer have to send the ITR-V paper acknowledgement by post to CPC Bangalore, if they have aadhar card which can be used for verification purpose. Instead of manual verification, a new Electronic Verification Code […]

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How to pay Income tax online in 5 min ? Use Challan 280

Today I will show you, how you can pay your income tax online using challan number 280 on the income tax website. Most of the people rely on their CA and other service providers to paying income tax. Salaried class mostly don’t need to pay additional income tax most of the times at the end […]

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Budget 2015 : 16 things which every investor should be aware about

When budget speech was over, the first thing I did, was that I created a poll asking people, if you are happy or disappointed with the overall budget. I was sure that most of the people will vote for “Disappointed” and that’s exactly what happened. Around 192 people voted for it and around 65% people […]

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Gift to Family members – 3 awesome tips to save income tax legally

Most of the people in India try to save income tax by investing the money in their spouse, children and parents name. We are going to explore this topic more deeper and help you understand the exact rules applicable and how you can save more tax legally, by gifting money to your family members. Majority […]

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Everything you wanted to know about Advance Tax and Penalties under it

Are you paying your income tax only at the end of the financial year ? If your answer is YES, then understand that you are doing it in wrong manner. Today we will learn about Advance Tax which is not widely understood and its quite important thing to know. I know that majority of the […]

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Everything you wanted to know about Income Tax Notice and scrutiny cases ?

If you are a taxpayer then you must have heard the recent news about Income tax department’s drive by keeping a close eye on all your transactions. Even the salaried employees are on the radar. Department has already identified 12 lakh taxpayers who have not filed their returns, more than 20 Crores high value transactions […]

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Does your Income tax website account have your CA phone number ? You can now claim it back

Let me start by sharing with you what was the situation of millions of tax payers in India till now. If they wanted to do e-filing and went to income tax website and tried to login to their account, they failed at it, because they did not have the password, because it was created by […]

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How you will save more Income Tax compared to last year due to Budget 2014 (Download Calculator)

Budget 2014 was a big event this year as the expectations from BJP govt was very high. Here are some of the income tax rules which were changed int his budget and impact a common man directly. 1. Income Tax Exemption Increased from 2 lacs to 2.5 lacs The basic exemption limit was raised by […]

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