If you belong to those sea of people who are looking at some of the best ways to save income tax in India in 2013, look no further. This is your guide which will help you choose the tax saving investment options. Many investors must be looking to invest their money to save tax forRead More
Tax
What do Financial Year, Assessment Year and Previous Year mean ?
It is income tax filing season and you must be a victim of the often heard mumbo jumbo called Financial Year (FY), Assessment Year (AY) and Previous Year (PY). These are terms very commonly heard before July 31st, which is the last date for filing your income tax returns. If you closely look at theRead More
How much income tax can be saved by you ?
How does it feel when your hard earned money is paid to the government as income tax each month ? If it feels bad, maybe you need to be aware of how much income tax can be saved by you in a financial year. If the money was used for the overall development of theRead More
Which ITR form to use for filing returns ?
If you are preparing for filing your income tax returns in India then you must be wondering which ITR form to use. The forms available are meant for different purposes so ensure that you understand your scenario first and then pick up which form to use. This year, the government has introduced the need toRead More
What are the income tax benefits on second home loan ?
Many middle class investors in India, especially those from the IT sector, are buying houses. Then there are many who are buying their second homes. Returns from real estate as an investment avenue is only second to equity. And to make it more simpler, you have home loans to assist you in buying your lovedRead More
Taxable income calculator [infographics]
Here is how you can calculate your taxable income. All the 5 heads of incomes have been shown in a graphical format for easy interpretation. The deduction under various sections like Section 80C and others is also depicted. The taxable income is the figure on which your final tax is calculated according to the slabRead More