Every country requires financial resources to carry out essential functions, make public expenditures and launch new initiatives for the welfare of its public.

Tax season is fast approaching and everyone, especially first time taxpayers, are preparing themselves. For first time taxpayers, there is a lot to learn and figure out, and it might even get overwhelming at times.

Whether you are a millennial paying tax for the first time or a regular taxpayer, the approach of tax season always brings with it tax saving season as well.

In February, Finance minister Nirmala Sitharaman announced a slew of taxes on imports, as part of the Budget 2020-2021.

In AY2013, 11.7 million salaried individuals filed their income tax returns (ITR), and by

In the Indian taxation parlance, income tax exemptions are deductions or absolution given on the total income.

Tax exemption under Section 10(10D) of the act can be availed for all life insurance claims.

Capital assets can be defined as assets of significant value such as property, vehicles, collectibles, securities and art in some cases.

In order to ensure that a country’s government functions smoothly and provides the resources that its

Investments can be complicated, especially when considered from the

If you are planning on selling an asset in the near future or have sold one within the last fiscal,

Here’s an example to explain capital gain on sale of gifted assets - Raj has received a big, beautiful bungalow

That time of the year is upon us again when we pull out all our financial

The government of every country is entrusted with the responsibility of providing adequate resources

One of the biggest reasons why many salaried individuals struggle with

Your gross taxable income is calculated by adding the income from all sources. Then the tax deductions and

Have you ever wondered how loans help in tax saving, and in what situations? The provision for

Corporate taxes are a form of taxation levied on the profits earned by companies and firms operating

“In this world, nothing can be said to be certain, except death and taxes,” these words by Benjamin Franklin

One of the most incredible things about the income tax regime in India is the fact that it allows for several

Taxes can be complicated. That is exactly why your investment and saving strategy should account for how the

Income tax lies at the foundation of every functioning economy. It provides the resources a government needs to

Taxpayers are almost always in search of ways to bring down their taxable

Whether you prefer to fill out your own tax returns or employ the services

Tax planning is crucial for employees who draw a salary, and requires extensive planning and discipline

TDS or ‘Tax Deducted at Source’ can be a hindrance for those whose income

Individual taxpayers and corporations in India require various documents while filing income tax returns (ITRs).

There are a variety of methods by which, individuals or families falling in any tax bracket can reduce their taxable

Income tax planning becomes crucial in order to achieve one’s financial goals,

If you are an investor, then the first step required is to build an investment portfolio, in sync with your financial

Income tax is defined as the taxes paid on the income earned by individuals

Tax planning refers to financial planning for tax efficiency. It aims to reduce one’s tax liabilities and optimally

When it comes to levying taxes, India may not be on the top of the list.

If you are an investor, then the first step required is to build an investment portfolio, in sync with your financial

Quality higher education is absolutely

Retirement – they call it the golden years of your life, and rightly so

As the financial year has come to an end, salaried and self-employed professionals now have to start preparing so that they can file their income tax return (ITR) for FY 2019-20 on time.

It is easy to confuse income tax jargon. The terminology in annual budget announcements and a lot of income-tax related articles and forums tends to be convoluted and nobody

Filing for and paying income tax to the government is every taxpayer’s responsibility

To help organise the multitude of

Filing income tax returns (ITRs) can get tedious for taxpayers. Not only does one have to ensure that they pay their taxes on time, but also make certain that their investments for saving tax are done.

With the financial year 2019-20 , it’s time for salaried and self-employed individuals to focus on income tax calculation and filing of IT returns.

The month of March is a busy one both for taxpayers as well as financial institutions as everyone hurries to make last minute investments in order to save Income Tax.

There is a wide range of financial instruments in the market designed to serve various short-term and long-term goals for the average investor.

One of the first concerns most people have when they begin earning is whether it is more worthwhile to invest their money into generating higher returns or whether they should first safeguard themselves and their money through a life insurance policy.

Income tax is one of the largest sources of income for India’s government and plays an integral role in dictating the behaviour of the country’s economy as well as in the development of its infrastructure and human resources.

Taxation has been the primary source of revenue for states across the world for centuries and India is no exception to this.

As a new employee, you must always remember that you have an income tax liability, depending upon your.

If you are a salaried individual earning between Rs 5 lakh and Rs 15 lakh net salary on an annual basis

A life insurance policy is usually the first investment made by a person when they begin working and earning for themselves.

Finance Minister Nirmala Sitharaman announced the new tax regime in Budget 2020 giving taxpayers the option to choose between it and the existing tax structure when they file their taxes.

Taxation, while being an essential part of any economy, is not looked at quite favourably by many people

While we are all keen to do our bit and contribute towards better infrastructure and upliftment of society through the taxes we pay, given that we work very hard for our salaries, it is fair that we want to keep taxes at the minimum - within approved government guidelines of course.