New Income tax form for Assessment year 2013 -2014 are released by Income Tax Department. It is important that correct income tax form should be selected for filing income tax return. Selecting correct income tax form will ensure that you return are processed timely and you get income tax refund … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) | Last Date: 31 July 2026 Filing your Income Tax Return (ITR) online is straightforward if you follow the right steps and avoid common mistakes. Step-by-Step: How to File ITR Online Collect Form 16, Form 26AS, AIS, bank statements, and investment … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) ITR-2 is used by individuals and HUFs who have income beyond salary and cannot use ITR-1. Who Should Use ITR-2 for FY 2025-26? Income exceeding Rs. 50 lakh Capital gains from shares, mutual funds, or property More than one house property … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) ITR-1 (Sahaj) is the simplest and most commonly used Income Tax Return form. Here’s who is eligible to use it for AY 2026-27. Who Can Use ITR-1 (Sahaj) for FY 2025-26? Resident individual (not NRI) Total income up to Rs. 50 … Continue reading
Income tax Calculator for Financial year 2013-2014 (Assessment Year 2014-2015) 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. Income Tax Calculator: Download Free excel based … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Section 87A of the Income Tax Act provides a tax rebate that reduces your income tax liability to zero if your total income is within the specified limit. This is one of the most beneficial provisions for middle-income taxpayers in India. … Continue reading
Last Updated: June 2026 — FY 2025-26 (AY 2026-27) Forms 15G and 15H are declarations you submit to your bank or financial institution to prevent TDS deduction on interest income when your total income is below the taxable limit. Form 15G vs Form 15H Feature Form 15G Form 15H Who … Continue reading
In Budget 2013, New Section 80EE, has been introduced. Benefit of section 80EE is available for new home loan buyer Highlights of Section 80EE are: Additional deduction is available to only Individuals. Benefit of Section 80EE available only, if you have no existing house, in your name. You have bought a new house, … Continue reading
LIC Jeevan Nidhi is deferred Pension Plan is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting. Jeevan Nidhi has two phase – Accumulation Phase and Vesting Phase. In accumulation – the premium goes into … Continue reading
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