Due Dates for Income Tax return or ITR filing for various assesses are as follows :- [table id=12 /] *Relevant assessment year refers to the immediately succeeding financial year. Example : If we are filing the Income tax return for F.Y.2015-16 (on the income earned during FY 2015-16),the relevant assessment year shall be 2016-17. These … Read more
TDS Returns or quarterly return statements are required to be furnished by the assesses who have deducted tax at source or TDS. As a Tax deductor, you need to file your TDS returns before the respective due dates in order to avoid any penalty later on. Following are the different TDS forms : [table id=25 … Read more
TDS or Tax deducted at source has to be deposited on timely basis by the assesses.It is the duty of the deductor to deposit the TDS before the due dates.The deductor should have a valid TAN. It is mandatory to deposit TDS online for : All Corporate assesses and Other assesses liable to tax audit … Read more
Checkout Income tax calculator (in Excel) and easily calculate your taxes and pay them on time. Being a common man,calculating your own taxes seems to be a tedious task.Nothing to worry,we are here to help you and simplify things for you . So,next time you think about How to calculate Income tax check our Tax calculator to … Read more
Ans.The rebate U/s 87 A shall be Rs.5000 for the financial year 2016-17. To get further information about the section refer Relief U/s 87 A.
Ans. In case of home loans, fixed rate of interest is one where the interest rate remains constant during the loan period.While in case of floating interest rate, the interest changes with the change in the market conditions. Here,are some differences that might help you in deciding which is a better option while taking home … Read more
Ans.The minimum lockin period for ELSS is 3 years from the date of investment. For further details refer blog on ELSS-Things to Know. Must Read : Tax saving options in India.
Ans.Besides,investing in jewellery,one can invest in gold in the following ways : Gold ETFs Gold coins and bullion Gold mutual funds E-gold To gather more information refer our popular blog post on Gold Investment – Is it the best investment ?.
Ans.Investing in FDs has been a traditional method of saving by Indians.But, there are numerous other ways to invest your money for short duration like : Short term mutual funds Liquid funds Arbitrage funds ELSS Fixed Maturity Plans(FMPs) For further details refer 7 Best Short term investments .
Ans.The deduction for home loan can be claimed under 3 different sections as follows : [table id=7 /] For further details regarding Home loans you can refer Home loans-Facts to know !