It is income tax filing season and everyone must be having queries or questions on income tax returns and income tax filing. Income Tax Queries are bound to arise and you must know the answers. Here are some income tax queries in India answered. This is only in the Indian context and should not beRead More
tax planning
Section 80C Deductions to Save Income Tax
This article explains how the income tax Section 80c deductions of the Income Tax (IT) Act can help reduce your income tax liability in your yearly financial planning. Though most of us use some of the deductions under Section 80C each year, we might be doing so unknowingly. Read on to understand what are theRead More
5 Heads of Income – Indian Income Tax Act
Income is classified under five heads in the Indian Income Tax Act. Each year, you or your qualified chartered accountant is expected to put all your earnings or incomes under these 5 heads of income for calculating tax. Here is a small primer of what these 5 heads of income mean and what all theyRead More