The budget for FY 2019-20 is now tabled. Let us see the Budget 2019 Highlights and what are the points that will affect to us individually.Budget 2019 Highlights - 7 changes you must know1. The BIG change in Individual's Income Tax Slab RatesYour tax liability if your income is up … [Read more...] about Budget 2019 Highlights – 7 changes you must know
Do you know the changed NPS Tax Benefits 2019? How NPS will be taxed under different IT Sections like Sec.80CCD(1), 80CCD(2) and 80CCD(1B)?Recently Government of India changed certain rules related to NPS. Long back, I have already written a post regarding NPS Tax Benefits. However, considering … [Read more...] about NPS Tax Benefits 2019 – Sec.80CCD(1), 80CCD(2) and 80CCD(1B)
What is Tax on Gold in India at the time of buying and selling? 4th November 2018 is Dhanteras day for all of us. We feel proud and auspicious to buy the gold on this day. However, you must also know the taxation on Gold before jumping into investment.We can hold the gold in many forms like … [Read more...] about Tax on Gold in India – How it is taxed while buying and selling?
Many of use open e-Filing portal once in a year. Hence, there is a possibility to forget the password. In such a situation, how to reset e-Filing password? There are 5 ways to do the same. Let me explain all of them in detail. How to reset e-Filing password - 5 Ways Explained Before proceeding … [Read more...] about How to reset e-Filing password – 5 ways Explained
During the Budget 2018, Finance Minister inserted a new Section 80TTB. This allows a tax deduction of up to Rs.50,000 with respect to interest income from FDs held by senior citizens. Let see the features of this section.FDs or fixed instruments are the major backbones of many of the senior … [Read more...] about Section 80TTB – Rs.50,000 deduction for Senior Citizens
Each year July month is a peak time for taxpayers to file their IT Return. However many of us are unaware of the process of how to pay income tax online in India using Challan 280? Let me share this with you all today.Many of are unaware of pay income tax online in India using Challan 280 … [Read more...] about How to pay income tax online in India using Challan 280?