Income Tax FAQs - Returns & Calculator

Income Tax

Frequently Asked Questions about Income Tax. Get answer to all your Income Tax questions by experts. Income Tax Calculator, Information on Investment and deduction of Income Tax, rebate and various rules.

How to Pay Income Tax With Credit Card ?

Income Tax

Know the simple steps to pay Income tax with Credit card in India. Income Tax department has enabled the acceptance of Income Tax, Advance Tax or TDS through Credit card via online payment gateway at Income tax India efilling portal. The process is ...

File Income Tax Return by Last Date otherwise You May Get Notice

Income Tax

File Income Tax Return by 31st July for the current financial year. If you have not filed ITR yet, then do it as soon as possible. According to tax experts, you should take some important precautions while filing ITR. Because if you make a mistake, ...

Check Income Tax Calculation For Salaried Employees in FY 2022-23

Income Tax

Check Income Tax Calculation FY 2022-23 for salaried employees. Know the Income Tax rules for the taxation of all the components of CTC or the gross salary. The Salary components are mainly consists of : 1) Basic Pay Basic pay is always fully ...

How to Calculate Tax on Share Dividends ?

Income Tax

Know the steps to Calculate Tax on Share Dividends or Dividend Distribution Tax - In terms of the provisions of the Income-tax Act, 1961, ("the Act") as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after 1st ...

How to Claim Tax Exemption Through LTA Voucher Scheme ?

Income Tax

Steps to claim Tax exemption through LTA Voucher Scheme for FY 2020-21 on their Leave Travel Allowance (LTA) and Leave Fare Concession (LFC). This will be very useful in saving Income Tax for those with an LTA component in their salary especially ...

How to Link PAN-Aadhaar For Income Tax Return ?

Income Tax

Know to Link PAN-Aadhaar For Income Tax Return - The last date to link Aadhaar with PAN card is 31 March 2021. Your PAN may be declared "inoperative" and useless if it is not linked with the Aadhaar by this date. If your PAN is not linked to your ...

How to Get Tax Exemption for LTC, Leave Travel Concession ?

Income Tax

Tips on tax Exemption for LTC - This year budget has given the window for the Employees to avail exemption for leave travel concession (LTC) of one-third of specified expenditure or ₹36,000 whichever is less, for the block of 2018-21. Income Tax ...

How to File Form 10E for Tax Relief on Salary Arrears?

Income Tax

How to File Form 10E - Steps to File Form 10E for Tax Relief on Salary Arrears - As a salaried individual, if you receive any advance salary or arrears, you may have to pay taxes on the total amount received. The Income Tax Department, however, ...

How to Get Tax Benefits on Personal Loan ?

Income Tax

Steps to get the Tax Benefits on Personal Loan - Yes, it's correct. You can claim an Income Tax Benefit on interest paid on personal loan, used for home renovation under Section 24. Check out the details, rules and documents require to claim. As ...

Know TCS Rate on Foreign Remittance, Calculation & Eligible Transactions

Income Tax

TCS Rate on Foreign Remittance & its Calculation - A Tax Collection at Source (TCS) of 5% was implemented from October 1st. This rate is for foreign tour packages; for, other foreign remittances including education loan, it will apply only for ...

Know the Income Tax New Policy,Rules and Changes by CBDT

Income Tax

Highlights of the changes in the Income Tax New Policy, Rules by CBDT - checkout the new policy modification in Income Tax Rules for FY 2020-21. The major highlights of the new tax policy are: Income Tax New disclosures asked in the new ITR forms 1 ...

New Changes in Form 26AS, Credit Cards & eWallets Added

Income Tax

New changes in form 26AS, the transactions related to Credit Cards, eWallets, Stocks, Mutual funds etc. are added effective from 01st June 2020 - IT department has introduced a new 26AS format, effective from June 1, 2020. New Form 26AS will now ...