We recognise that completing IT returns may be time consuming, especially if you are young and have just filed a few. However, the advantages outweigh the time and effort required to file it. It is also the responsibility of all responsible people of the country. According to the income tax legislation, filing IT returns is… Read More »
Introduction to ITR Intimation Password – Intimation Under Section 143 (1) of the Income Tax Act The taxpayers’ income tax returns are first processed online at the Centralised Processing Centre (CPC). Following the processing of the return, the IRS issues an intimation to the taxpayers under section 143(1) alerting them of the results. A tax… Read More »
How Can I Save Tax on My Salary in India? We have a tendency to invest in many products that improve our quality of life but can also put us in financial distress. The government offers substantial assistance in the form of income tax waivers on direct taxes payable on your whole earnings. 1. Take… Read More »
How to Calculate Income Tax on Salary? Income tax can be a little harsh and difficult to understand for many people. With ever-changing tax regulations and a plethora of jargon to interpret – tax exemption, tax rebate, tax deduction, tax saving, and so on – we often don’t realise how much of our income is… Read More »
Steps to File Income Tax Returns for Salaried Employees online To file your income tax returns online, follow these steps: Login to the e-Filing portal for income taxes. To complete the login process, you will need to provide your PAN Card number, password, and captcha code. Go to the ‘e-File’ menu. Select ‘Income Tax Return’… Read More »
Income Tax Refund in India – ITR Refund What is the Process of income tax refund in India? The system is undoubtedly improving with each passing year. Tax refunds are no longer sent in paper cheques in the mail. Income Tax Refunds were paid faster in FY 2019-20 than in FY 2018-19, according to the… Read More »