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  : [sociallocker] Download … Continue reading

Who Can Use Itr 4S (Sugam) For Online Income Tax Return Filing?

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

Income Tax Calculator for Year 2013-2014 (Assessment Year 2014-2015)

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

Section 87A Tax Rebate FY 2025-26 – Zero Tax up to Rs. 12 Lakh (New Regime)

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

Form 15G and 15H – How to Save TDS on FD Interest FY 2025-26

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

Section 80EE Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

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

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

Increase in Employees Contribution in Provident fund will reduce take home salary

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 … Continue reading