Income tax calculator for Financial year 2015-2016

Income tax calculator for Financial year 2015-2016   Please feel free to use Income tax Calculator. For convenience of Tax Payers we have made this in excel. This completely downloadable and you are free to share with your friends and relatives. Download Income Tax Calculator for Year 2015-2016  : You can … Continue reading

Form 15G and 15H and help you save Income tax

Form 15G and Form 15H can help save TDS on fixed deposit you have made with your bank and Financial Institutions. 15G and 15H are declaration signed by individuals and HUF that their Gross Total Income, is less then exemption limit. Main difference between these forms is – form 15G … Continue reading

Budget 2013 – Highlights

Today on 28th Feb 2013 Finance Minister P. Chidambaram presented 82nd Union Budget  in India’s history. Below are the key highlights of Union Budget 2013. Budget will be applicable from 1st April, 2013. Here are some of the salient features and highlights of the Budget 2013: 1. Direct Taxes -Budget 2013: A) Income Tax … Continue reading

Section 80TTA Deduction – Interest on deposits in savings account is exempt from Income tax

Deduction in respect of interest on deposits in savings account (Section 80TTA): Section 80TTA has been introduced from this Financial Year [2012-13] and it allows to an Individual or HUF from his gross total income if it includes any income by way of interest on deposits (not being time deposits) … Continue reading