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Tax

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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Do You Donate Money? Then Here’s How You Can Avail Tax Deductions

Tax Deduction Under Section 80

Certain organisations work for welfare of masses. A few of them also start other activities to generate an income to survive on. However, most of these organisations solely rely on the donations made by general public. So, these organisations are able to thrive. However, these donations have come down in the recent past as cost of living has gone up. …

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Have Medical Issues? Then You Can Claim Tax Deductions

Tax Deduction Under Section 80

Tax deduction is a topic which covers a number of issues. Some of these issues are related to a person’s medical conditions. For example, if you or one of your family members is receiving treatment, then taxing you as much as a regular person will burden you financially. So, to ease the burden on your, the Income Tax Act has …

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You Can Avail These Tax Deductions When Filing ITR

Tax Deduction Under Section 80

Filing income tax returns is not as easy as it seems. Not only do you have to consider  the amount of tax you have to pay but check where you can save money in the process. This is where the Section 80 of the Income Tax Act, 1961 comes into play. This section has various subsections that apply in various …

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What is TDS? Here’s All You Need To Know About It

Link PAN card with Aadhar card

TDS or Tax Deductible at Source is a big confusion point for a lot of taxpayers. What is TDS, how is it calculated and how is it deducted are some questions users have in their minds. Today, we are going to answer all the questions related to the same. This is to ensure you are able to file your income tax returns without …

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Trying To Save Tax Early In Your Career? Use These 5 Tips

Tax Saving Tips

Tax is something you cannot avoid. From being levied on everything you buy to your earnings, taxes are everywhere. However, that does not mean you have to just give up. While you may not be able to save tax on things you purchase, it is possible to save the tax levied on your income. This is the purpose of this …

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