Income Tax Deductions

Timelines
Automatic PAN generation for taxpayers using Aadhaar to file ITR

04 Sep 2019

Automatic PAN generation for taxpayers using Aadhaar to file ITR

The Income Tax department will now issue a Permanent Account Number (PAN) to taxpayers using their Aadhaar number to file Income Tax returns, as a new method to link the two databases.

Received notice from Income-tax department? These could be the reasons

30 Aug 2019

Received notice from Income-tax department? These could be the reasons

Whether favorable or not, you should never ignore a notice from the Income Tax department.

#FinancialBytes: How can salaried individuals save on income tax?

10 Jun 2019

#FinancialBytes: How can salaried individuals save on income tax?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

#FinancialBytes: How can salaried individuals save on income tax?

05 Jun 2019

#FinancialBytes: How can salaried individuals save on income tax?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

#FinancialBytes: Latest ITR-1 changes taxpayers need to be aware of

30 May 2019

#FinancialBytes: Latest ITR-1 changes taxpayers need to be aware of

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

#FinancialBytes: How to file income tax returns (ITRs) online?

15 May 2019

#FinancialBytes: How to file income tax returns (ITRs) online?

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers in the country.

#Budget2019: What are the income-tax changes proposed in Interim Budget?

01 Feb 2019

#Budget2019: What are the income-tax changes proposed in Interim Budget?

Ahead of the upcoming Lok Sabha elections, acting Finance Minister Piyush Goyal, while presenting the Interim Budget, proposed several changes to the tax structure to provide relief to the salaried middle class.

Important changes in 2019 every Indian should be aware of

02 Jan 2019

Important changes in 2019 every Indian should be aware of

The New Year 2019 is finally here and it is now time to know what changes this year brings to our lives.

#FinancialBytes: Important financial deadlines to watch out for in 2019

02 Jan 2019

#FinancialBytes: Important financial deadlines to watch out for in 2019

Staying on top of key financial deadlines is essential to avoid penalties and have an organized financial life.

#FinancialBytes: Important financial deadlines to watch out for in 2019

15 Dec 2018

#FinancialBytes: Important financial deadlines to watch out for in 2019

Staying on top of key financial deadlines is essential to avoid penalties and have an organized financial life.

#FinancialBytes: Best ways for salaried individuals to save on tax

08 Dec 2018

#FinancialBytes: Best ways for salaried individuals to save on tax

Many taxpayers are often worried or confused about saving on income tax. Salaried individuals, especially, try to find tax-saving investment options to reduce tax liability every year.

#FinancialBytes: Opening PPF account for minors? Here's all about it

06 Dec 2018

#FinancialBytes: Opening PPF account for minors? Here's all about it

The Public Provident Fund (PPF) is one of the most-preferred long-term tax-saving investment options for both salaried and non-salaried individuals.

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

29 Nov 2018

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

#FinancialBytes: What is income-tax refund and how to claim it?

27 Nov 2018

#FinancialBytes: What is income-tax refund and how to claim it?

Every year, crores of taxpayers across India file their Income Tax Returns (ITRs). However, when it comes to income tax refund, many are still ignorant about the same.

#FinancialBytes: What is Form 26AS and how to view/download it?

13 Nov 2018

#FinancialBytes: What is Form 26AS and how to view/download it?

The Form 26AS, also known as Tax Credit Statement, is one of the important documents required for filing Income Tax Returns.

Know all about Income Tax in India

24 Aug 2018

Know all about Income Tax in India

Income tax refers to the percentage of your income that you're required to pay to the government under the Income Tax Act. Income tax is applicable to both individuals and companies and all types of income, be it from salary, capital gains, business/profession or any other source.

#FinancialBytes: How to file ITRs if you are an NRI

07 Aug 2018

#FinancialBytes: How to file ITRs if you are an NRI

As per I-T department norms, non-resident Indians (NRIs), too, are subject to taxes on income, if such income is earned in India, or received or deemed to be received in India.

#FinancialBytes: 9 things to keep in mind while filing ITRs

27 Jul 2018

#FinancialBytes: 9 things to keep in mind while filing ITRs

July has almost come to an end, and the deadline to file ITR ie. 31 July (for most of us) is closer than ever, with just 4 days to spare.

#FinancialBytes: Form 26AS and its role in filing ITRs

24 Jul 2018

#FinancialBytes: Form 26AS and its role in filing ITRs

The deadline for filing ITR i.e. July 31, is just a week away. So, if you haven't yet filed your ITR, do it now to avoid getting penalized.

#FinancialBytes: How to file I-T Return in case of job-change?

18 Jul 2018

#FinancialBytes: How to file I-T Return in case of job-change?

In order to file the income tax, if one has changed jobs, the final figures of payable tax has to be arrived at, considering all the employers, the current and the previous ones.

#FinancialBytes: How to verify your Income Tax return

12 Jul 2018

#FinancialBytes: How to verify your Income Tax return

You might think that filing your Income Tax return on time is all you have to do.

#FinancialBytes: Know all about ELSS that helps you save tax

12 Jun 2018

#FinancialBytes: Know all about ELSS that helps you save tax

Are you looking for an investment instrument which can not only offer you high returns but can also help you save tax?

#FinancialBytes: How to save Income Tax under Section 80C

09 Jun 2018

#FinancialBytes: How to save Income Tax under Section 80C

Every individual, who earns more than a certain amount, is required to pay taxes in accordance to the Income Tax Act. If you don't plan well, this may seem like a hefty payment.