The Income Tax Act, not only charges taxes on your income but also allows you multiple ways to claim deductions and rebates. One such deduction that is particularly allowed only to salaried people is the standard deduction. The standard deduction is allowed under section 16 (ia) of the Income Tax Act introduced in budget 2018. …
Standard Deduction for Salaried Person (Explained) Read More »
Income tax return filing is compulsory if your annual income is above Rs.2,50,000 and when you pay your income tax, you receive an acknowledgment. Earlier you have to download the acknowledgment, print it, sign it and then post it to the central hub in Bengaluru. But now the IT department has introduced Aadhar based e-verification …
2 Simple Ways to Download ITR Acknowledgement in 2022 Read More »
When it comes to filing Income Tax returns, a common person like you and I got confused with different ITR forms available to be filed. In today’s article, you’ll learn about which ITR form to fill for a salaried person so that you can comfortably fill the appropriate ITR form. Before digging deep, I would …
4 ITR forms to be filled for a Salaried Person (in Detail). Read More »
You can easily calculate and file income tax return using income tax software. You only need to pick the right software as per your requirements. You can save a few thousand bucks every year by filing your ITR yourself. You can find many softwares, whether standalone or online, to file your income tax return in …