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Did you know that one can claim both House Rent Allowance (HRA) and tax exemption on home loan interest while living in a rented house.
GST compensation for states to be discontinued after June 2022. After that states will be on their own.
On the basis of the return earned on money invested by parents, children may also have to pay income tax.
HUF means Hindu Undivided Family. How does this joint family unit help in reducing tax liability?
If the job is changed during the financial year then after the end of the financial year you will get two Form-16.
A part of the salary received from the company is for HRA. Income tax exemption is available on this amount.
If you have received any notice from the Income Tax Department, then there is no need to panic. However, this notice should not be taken lightly.
There are no attractive tax saving schemes for senior citizens who have taxable income from pension and other sources
Advance tax is paid only by businessmen and professionals. But some situations also arise when employed people also come under purview of advance tax
About 1.5 crore people are gig workers in the country. Those who work on temporary contracts... are not employed.