Income Tax, Exemptions, and IT Calculations
Income tax is paid by an individual and a Hindu Undivided Family (H.U.F.) on the income earned by it within financial year as per the current year income tax slab rates. There are various income tax exemptions also available in our country. So the income tax payers must be aware of such debt relief as well as the calculation of income tax which is to be made before paying tax.
Here we have our expert advice on income tax including calculation of income tax, filing of return and all various income tax problems.
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Income Tax Slab rates FY 2011-12
Every citizes of India falls into different tax slabs and MoF decided on the Tax slabs. This has been changing for 3-4 years and new tax slab has been introduce for General, Women, Senior Citizens and also new category called Very Senior Citizens. Get to know Tax Slabs for 2011-12Which ITR Form to Choose: Right Income Tax Return form for your profession / income type
Confused about which ITR form to choose while e-filing Income Tax Return? Which is the right Income Tax Return form for your income type or profession? Here we will answer these questions to help you find the correct ITR form for different professions.New Income slab and tax rebate on savings declared in Union budget 2012 -2013
In Union budget of India 2012 -2013, there has been slight changes in income tax slab giving some relief to common Indian. See details about the new income tax slab and new rebate in tax saving investments announced in Union budget 2012 - 2013.Indian Union Budget 2012
With the end of Financila year approaching in March, Government is gearing up to present the Union Budget 2012-13 in March 2012. This budget will be very crucial for the UPA Government, as there had been issues during the year in the country and growth rate too.File your Income Tax Online
With the increase of Technology, IT department and many other private tax filing companies have come with online tax filing, which makes ease and save time for tax filing then standing long queues. Get to know more about how you can file a tax online and save time