Form 26AS – Here’s All You Need To Know About IT

The deadline to file your income tax for assessment year 2016-2017 nears. At such a time, knowing the amount of tax you need to pay can be helpful. It will help you to assess the financial impact on your income. Also, you will get to know if your employer deducts tax from your salary and if yes, then how much …

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Now, Withdraw Your EPF Money In Five Days!

EPF money withdrawal is one of the biggest issues that bugs an average Indian. After all, the process is quite cumbersome. In fact, it is such a harassing process that it takes months or even years (for some) to get their hands on their own money. The part where one was required to get their withdrawal form attested by existing employer …

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Relaxed GST Enforcement: Three Reasons Behind The Move

Goods and Services Tax or GST has been rolled out in India. However, the process has not been as smooth as it should have been. Businesses have been impacted since the indirect tax reform came into force in India. Some businesses have been able to cope with the changes in time but majority are yet to adapt to the new system. For this …

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GST On Textiles – All You Need To Know

GST or Goods and Services Tax may have come into effect a few days ago, but its effect is far-reaching. Textile industry’s reaction to GST has been largely favourable. However, certain bits like high tax incidence on finished garments, etc. is something few people have clarity upon. So, we thought why not take this topic up and break it down in simplest terms …

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GST On Medicines – All You Need To Know

Goods and Services Tax (GST) is a landmark reform which recently came into effect in India. The aim to roll out such a reform is to ensure there is a single tax system across the country in future. Presently, the GST system places goods and services in four tax slabs – 5, 12, 18 and 28 per cent. But there …

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GST On Gold – Here’s All You Need To Know

GST or Goods and Services Tax came into effect across India on July 1, 2017. A number of goods and services have become cheaper since then. However, certain grey areas in the landmark reform remain. For instance, alcohol curiously does not come under GST. Many waited for residential property rates to come down, but so is yet to happen. One such grey …

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GST On Under-Construction Property: Here’s All You Need To Know

GST or Goods and Services Tax is a landmark reform that came into effect from July 1, 2017. This reform aims to eliminate multiple taxes at multiple points of transactions. Hence, you only need to pay one tax and that too at just one point in the entire transaction. Various goods and services come under the purview of GST in one …

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Eating Out? These Tips Will Save You Some Money

Eating out is not a trend. It is a necessity in today’s times when we have to work long hours. After all, by the time we return home, the fatigue catches up to us. Now, who will want to go in the kitchen and prepare the food if you did not do so earlier? So, what’s the solution? Either going …

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Don’t Have Form 16? File Your Tax This Way

Tax Saving Tips

Tax filing time for Assessment Year 2016-2017 is here. July 31 is the last date to file your taxes. In essence, the scramble has begun among the working folk to get their Form 16 and other investment proofs to ensure they save as much tax as possible. However, what if you are the one who does not have a Form …

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Gratuity Rules Are About To Change, But Should You Be Worried?

Gratuity rules are about to change. Come Parliament’s Monsoon Session, gratuity is one topic our legislators will be talking upon. The new bill plans to increase the limit of gratuity amount you can accumulate from Rs 10 lakh to Rs 20 lakh. The Union Cabinet is yet to scrutinise the new gratuity bill, which will then be tabled, discussed and passed …

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Some GST-Related Myths You Should Be Wary Of

It’s a new era of taxation under GST is what the Indian government says nowadays. After all, the landmark Goods and Services tax has come into effect, bringing us closer to the dream of One Nation One Tax. However, there is much to be done and fort that, awareness needs to be generated among those who have not been following GST …

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Final Day to Avail Pre-GST Offers: Should You Or Shouldn’t You?

There are a number of products on which their makers are offering pre-GST discounts and offers. With GST set to be rolled out in India at midnight tonight, you may wonder whether you should avail a pre-GST offer or not. After all, a number of products will become cheaper once GST comes into effect. You will be weighing the savings …

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What Is GST? Here’s A Quick Recap

GST or Good and Services Tax is a landmark indirect tax reform that Indian government will roll out on July 1. The intent for such a reform is to cut down on cascading of taxes or in simpler terms, paying tax on tax. It does so by streamlining the tax rates, number of taxes to be levied and the places …

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Wish to Save PF Money Till Retirement? Here’s How To Do It

Provident Fund is a long-term investment scheme from government of India. It is for the welfare of the working population. However, so is the NPS or National Pension Scheme. What makes the two different? Firstly, you can withdraw your PF money before retiring. In the case of NPS, that is not possible. Secondly, PF may or may not be mandatory …

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