India File Kar Raha Hai
Budget 2024: How the New Income Tax Regime Can Save You Money The Union Budget 2024 has introduced significant changes to the income tax regime, making the new income tax regime more attractive for taxpayers. These changes aim to simplify tax filing and provide greater savings. This detailed guide will explore the key highlights of […]
Paying income tax using a credit card can be a convenient and efficient way to meet your tax obligations. Here is a comprehensive, step-by-step guide to help you navigate through the process: Step 1: Prepare the Necessary Information Before you begin, make sure you have the following information ready: Your PAN (Permanent Account Number) card. […]
Filing your Income Tax Return (ITR) for 2024 is a crucial task, especially if you’ve engaged in high-value transactions during the financial year. The Income Tax Department closely monitors such transactions to ensure compliance and prevent tax evasion. This guide will help you understand the types of high-value transactions that may attract scrutiny and how […]
Understanding Form 80G and 12A Form 80G and 12A are certifications issued by the Income Tax Department of India that provide tax benefits to donors and entities. Here’s what they entail: Form 80G Purpose: It allows tax deductions to donors who contribute to charitable organizations. Entities Eligible: Charitable trusts, NGOs, religious institutions, etc. Benefit to […]
How to File Your Income Tax Return for FY 2023-24: A Step-by-Step Guide Filing your income tax return (ITR) can seem daunting, but with proper guidance, the process becomes manageable. This guide will help you understand the steps involved in filing your ITR for the financial year 2023-24. 1. Determine Your Eligibility and Requirements Before […]
Guide to Income Tax Return (ITR) Filing for FY 2023-24 (AY 2024-25) Filing your Income Tax Return (ITR) is an essential financial obligation for all taxpayers. Timely and accurate filing ensures compliance with tax laws and helps avoid penalties and legal complications. This guide provides comprehensive information on the ITR filing process, important dates, required […]
एडवांस टैक्स, जिसे पे-ए-यू-अर्निंग टैक्स भी कहा जाता है, वह टैक्स है जो कि अग्रिम रूप से, किस्तों में, आयकर विभाग द्वारा तय की गई कुछ तारीखों पर दिया जाता है। यह जानना महत्वपूर्ण है कि ये तिथियां क्या हैं और समय पर अपना अग्रिम कर का भुगतान करें। किसी भी कर-भुगतान वाले व्यवसाय या […]
The Finance Ministry just notified the Income-tax Return (ITR) Forms ITR-1 (Sahaj) and ITR-4 (Sugam) for the A.Y 2020-21 to ensure that the e-filing facility for filing of return for assessment year (A.Y) 2020-21 is open as on April 1, 2020. ITR-1, ITR-4 for AY 2020-21: Persons who jointly own a single house property can […]
Standard Deduction The Finance Minister Jaitley introduced Standard Deduction of Rs. 40,000 in Budget 2018, giving the salaried class something to rejoice about. It replaced the transport allowance Rs. 19200 and medical reimbursement of Rs. 15,000 per anuum interestingly, the provision of Standard Deduction was earlier available. However, it was abolished in the Finance Act […]
Surcharge: If the income exceeds Rs.1 crore, a surcharge at the rate of 12% is applicable on the income tax paid for the popular category of taxpayers, subject to marginal relief. Let’s look at the quantum of surcharge percentage applicable for various categories of taxpayers in India. This surcharge will be billed after computation of […]
