Income Tax

Seven Years Punishment for Wrong Filling of 15G and 15H Form

Seven Years Punishment for Wrong Filling of 15G and 15H Form : Income Tax department has introduced the New 15G and 15H form filling procedure with modified format. There have also been changed the different provision and procedure in newly ...

How to check Income Tax Refund Status Online?

How to check Income Tax Refund Status Online? - Check the Income Tax refund status online for tax paid on various financial years. The various refund generated and credited to the tax payer account directly by Income Tax. To Know the procedure to ...

Why ELSS Is A Better Tax Saving Option Than Others ?

ELSS - The Past investment returns shows that the ELSS funds offers better tax treatment on returns as compared to other tax saving instruments u/s 80C and having lower lock in period. This is the taxation time and investors are looking at ...

Income Tax Calculator FY 2014-15 Excel, Free Download

Download Free Income Tax Calculator FY 2014-15 in Excel - Taxation time started, everyone is busy in calculating their Income Tax to be paid by end of March 2015. It has been seen that there are chances of wrong calculation of Income Tax if done ...

Union Budget 2014 – Calculate Income Tax Under New Exemption Limit

Union Budget 2014 has given a big smile to Tax Payers of every categories and slabs. The Exemption Limit along with the Investment rebate under 80 C has been increased along with the relief of addition Rs 50,000 on Home Loan Interest payment. Mr. ...

Late Penalty u/s 234E Stay Granted By Kerala High Court

Late penalty of Rs 200 per day as inducted by finance ministry under latest Finance Act, 2012 from 01-07-2013 is challenged in high court. Kerala high court has given the interim relief to payers by two month after putting stay on the penalty u/s ...

How To Waive TDS Late Fees Penalty u/s 234E ?

Almost all the Income Tax deductors are fed up with the penalties shooted up by the Income Tax Online Services Traces u/s 234E amounting Rs 200/- Per day or the Maximum of the amount of TDS which ever is lower. Income Tax Department has amend the ...

How To File TDS Correction Statements ?

TDS Correction Statements are required to be filled by Deductor when Income Tax Online services i.e. Traces received more than one regular TDS/TCS statement for a particular TAN or Form within a particular Financial year and quarter. If deductor ...

Download Income Tax Calculator FY 2013 -14 in Excel

Income Tax Calculator FY 2013 14 - Financial Year 2013-14 is ending now and people are in rush to calculate their Income Tax on salary. Calculating the Income Tax is complicated and time consuming process. There are chances of errors in calculating ...

Who can’t fill the Form 15G or 15H ? Download New Format 15G/15H

Download New Format 15G/15H - Income Tax Department has provided the New Format 15G/15H Forms from AY 2013-14. This new 15G and 15H forms to filled by all individual Tax payers who have had Interest Income other than salary or Pensions i.e. from ...

Income Tax Slab Rates For AY 2014-2015 and FY 2013-2014

Income Tax Slab Rates For AY 2014-2015 and Financial Year 2013-14 - Income Tax Slabs and rates are changed almost every year. We have provided the latest Income Tax Slabs for Financial Year 2013-14 or Assessment Year 2014-15. Almost the slabs and ...

Does HRA Exemption Taxable Now ?

New Rule By Income Tax Department for  HRA exemption - Salaried Tax payers who usually claim HRA Exemption against the paying rent are comes under the IT Department scanner. New guidelines has been issued by Income Tax Department for such tax payers ...

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