Salary,EPF, Contribution, Tax Planning, Take home Salary
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 proofs Login to incometax.gov.in with … Read more
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 NRIs with India-sourced income RNOR … Read more
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. Section 87A Rebate for FY … Read more
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 submits Individuals below 60 years, … Read more
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, and House cost of the … Read more
The EPFO’s board discussed the rate of interest for 2012-13. After detailed discussion, the board decided to recommend a rate of interest of 8.5% for the year 2012-2013. Decision to pay 8.5% interest rate was taken unanimously by the board. The trustees also decided that EPFO will give a permanent account number to all members … Read more
The interest offered by the Employees’ Provident Fund Organisation ( EPFO) is likely to rise this year, say sources in EPFO. For year 2012-2013 EPF rates are expected to be around 8.5% EPFO’s interest rate for prevoius year Year EPF rate of Interest 2012-2013 expected to be 8.5% 2011-2012 8.25% 2010-2011 9.50% The rate for … Read more
EPFO (Employee Provident Fund Organisation) as issued a circular on 30.09.2012. According to Circular, EPF (Employees Provident) should be deducted on total salary. Total Salary for purpose EPF calculation will be Basic Salary + DA + Conveyance Allowance + House Rent Allowance+ Education Allowance+ Travel Allowance + Medical Allowance+ Night Allowance+ Uniform Allowance+ any other … Read more
Tax Payers’ Lounge at India International Trade Fair, 2012 was set up by the Directorate of Income Tax (PR, PP & OL), New Delhi to educate the taxpayers about tax laws & procedures, inform them about the taxpayer services launched by the Department to make compliance to tax laws easy, and to inculcate a tax … Read more
Over 50 million PF subscribers can now access their accounts online as retirement fund body EPFO launched its e-Passbook service today. Who can download EPF pass book Active subscribers whose electronic challan-cum-return is already uploaded, can download their e-Passbook every month under the service launched by the EPFO’s Central Provident Fund. Where you can download … Read more