Tax

Section 80GG — Deductions on Rent Paid

Section 80GG — Deductions on Rent Paid

Subin Nov 26, 2020 9:25 AM

In general, the House Rent Allowance or HRA is a component of the salary of an individual, and the individual can claim tax deductions on…

E-filing Income Tax in India

E-filing Income Tax in India

Subin Nov 18, 2020 8:46 AM

Many have heard of the terms — income tax e-filing and income tax returns, but very few know what they are and what documents are…

A Detailed Guide to Calculate HRA (with examples)

A Detailed Guide to Calculate HRA (with examples)

Shalini L Nov 11, 2020 11:52 AM

HRA or House Rent Allowance is a part of the remuneration package of salaried employees. For an individual living in rental accommodation, HRA can help…

Old or New: A Comparison of The Two Tax Regimes for The Average Taxpayer

Old or New: A Comparison of The Two Tax Regimes for The Average Taxpayer

Rishabh Ranjan Nov 01, 2020 10:34 AM

Tax is a subject that befuddles most. Taxpayers have one, and only one motive — save tax. In the past, the Government of India tweaks…

A Start-up’s Guide on The Basics of Taxation

A Start-up’s Guide on The Basics of Taxation

Shalini L Nov 01, 2020 9:03 AM

Running a start-up is filled with excitement with new things to learn and new challenges to face. But after the initial hoopla has fizzled out…

How Can You File Income Tax Returns Post the Deadline

How Can You File Income Tax Returns Post the Deadline

Shalini L Oct 30, 2020 9:07 AM

Did you miss out on your income tax return filing? As a result, you are overdue on your ITR filing. Don’t worry — you still…

Tax Evasion in India and penalties imposed

Tax Evasion in India and penalties imposed

Shalini L Oct 30, 2020 8:12 AM

Tax evasion is defined as the non-payment or underpayment of tax by the taxpayers and is considered illegal. Taxes are the primary source of income…

Tax Deductions on the Educational Expenses of Your Children

Tax Deductions on the Educational Expenses of Your Children

Shalini L Oct 28, 2020 4:03 PM

As per the provisions of the Income Tax Act, 1961, a taxpayer, who is incurring expenses on the education of their children, can seek children…

All You Need to Know About Tax Deductions Under Section 80E

All You Need to Know About Tax Deductions Under Section 80E

Subin Oct 19, 2020 11:00 AM

The cost of getting a higher education in India is increasing by the day. And if we were to go abroad to seek higher education…

Trademark registration in India and all you need to know about it

Trademark registration in India and all you need to know about it

Shalini L Oct 16, 2020 9:53 AM

Do you own a wonderful business that’s growing exponentially? Now that you’ve decided to give an identity to your business and create a brand image…

Special Allowances for Salaried Employees under Section 10

Special Allowances for Salaried Employees under Section 10

Shalini L Oct 02, 2020 11:57 AM

Many salaried employees usually get a fixed amount of money as Allowance under Section 10 of Income Tax Act. So, what exactly is an Allowance…

The Tax Credit Guide for Taxable Income, GST & 26AS

The Tax Credit Guide for Taxable Income, GST & 26AS

Shalini L Oct 02, 2020 11:48 AM

A tax credit acts as a waver on how much taxpayer owes the government. They are not deduction or exemptions that reduce the amount of…

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