We all know that budget has many announcement which affects our life. The allocation of money for road, education, and military is decided on the budget. But all of us are more concerned about those announcement which directly affects us. Income tax, service tax concern us most. In this post I will tell you about the… [Continue Reading]
The budget 2017 is going to be special not because of the reason that it will be presented in an environment filled with high pitch political voices. In fact, post demonetization, this will be the first official document which will set the pace for the whole year. The budget will decide whether or not the… [Continue Reading]
Learn new income tax slab for FY 2014-15 (AY 2015-16) within 2 min. Also, new income tax calculator to assess your tax liability after the first Modi budget.
Tax on EPF withdrawal is the main concern of the employee who leave early. In this post I will give you the detail information about the PF taxation rules. You will learn the tax benefits of different provident funds. I’ll also tell you the situation when you are liable to pay tax. You will also get… [Continue Reading]
Is heavy tax bothering you? Don’t worry, income Tax Exemptions and deductions, give you plenty of opportunities to save tax. By using these exemptions and deductions wisely, you can reduce your tax substantially. In fact exemptions and deductions reduce the tax liability in lacs. In this post, I am listing the available exemptions, and deduction under income… [Continue Reading]
The income tax slab of 2016 -17 is same as earlier. However, the middle class will get the tax benefit of Rs 3000. Almost 1 crore people will enjoy this tax benefit. The budget 2016 did not change the income tax slab. The tax relief is given through the rebate. There are few more opportunity to… [Continue Reading]
Are you one of them who do not plan things on time? Have you procrastinated on tax saving investments till December? Are you now struggling to invest ‘anywhere’ so that you can save tax? Are you the gullible person who can be ‘miss-sold’ by insurance agent? Did you not decide your tax deduction option? Still… [Continue Reading]
The income tax rate is fixed according to the income tax slab. The principle is simple, the more you earn, the higher would be income tax rate. That is why the government fixes different tax rates for the different income slabs. But, this income tax slab rate is not fixed forever. You would agree that with… [Continue Reading]
Don’t be complacent, you can minimize your tax outgo. There are many ways of tax deductions. Use them wisely and build your wealth.
Since 1st April 2017, there would be a new tax system. The VAT, Excise, Entry tax and other indirect taxes will be replaced by the one tax, the GST. The government has told the benefit of GST. But, now everyone is concerned about the outcome. Will It make our life easy? Will the tax burden… [Continue Reading]