Income Tax

Check Income Tax Refund Status Online

May 25th, 2011  |  by  |  published in Income Tax

Check Income Tax Refund Status Online

What do you do if the amount of income tax deducted in any financial year is more than what is expected from your gross salary? While filing income tax return you can mention this and that will be taken care of by the income tax department. The reason for extra tax deduction can be attributed […]

View Your TDS Statement Online

May 22nd, 2011  |  by  |  published in Income Tax, TIPS

View Your TDS Statement Online

Every salaried employed might have checked in their Salary Slips regarding the income tax deducted from their salary component. In order to check the total amount of tax one has actually paid in any financial year, this can be checked online by creating an account at www.incometaxindia.gov.in Creating an account is very easy, provide your […]

Things To Know About Direct Tax Code

March 21st, 2011  |  by  |  published in Income Tax, Investment

Things To Know About Direct Tax Code

  Direct Tax Code is the next big thing which is discussed among all the tax payers. Income Tax Act , 1961 which is being used at the present will soon be replaced by the Direct Tax Code(DTC), this has already been cleared by cabinet and will soon be presented in parliament for clearance and […]

REC Infrastructure Bonds Last Date 28th March, 2011

February 4th, 2011  |  by  |  published in Income Tax, Investment

REC Infrastructure Bonds Last Date 28th March, 2011

REC Long Term Infrastructure Bonds (under section 80CCF of Income tax Act, 1961) Highlights

IDFC Infrastructure Bond Last Date 4th February 2011

February 3rd, 2011  |  by  |  published in Income Tax, Investment

IDFC Infrastructure Bond Last Date 4th February 2011

IDFC Long Term Infrastructure Bonds – Tranche 2. Salient Features of the Issue :

Income Tax Rates Slabs

January 6th, 2011  |  by  |  published in Income Tax

Income Tax Rates Slabs

Around this time of year –there’s one question which is bound to come to everyone’s mind. How much do I have to save in order to reduce income tax liability or How much income tax I am liable to pay? What are the income tax slabs individual will fall under, how much income tax rebate […]

Tax Saving Investment Avenues

November 8th, 2009  |  by  |  published in Income Tax, Investment

Public Provident Funds: The PPF scheme offers assured returns and tax benefits under Section 80C of the IT Act. Minimum investments of Rs 500 and a maximum of Rs 70,000 annually are entitled to tax benefits under Section 80C. The lock-in period is 15 years with withdrawals allowed only after the 5th year. Rate of […]

Steps in Tax Planning

November 8th, 2009  |  by  |  published in Income Tax, Investment

Following are the steps in tax planning which would aid a person in making prudent tax plans to reduce their income tax liability and ensure a better tomorrow by making compulsory savings by investing in various tar saving schemes. These steps in tax planning are: Compute the gross total income Calculate tax payable on gross […]

Equity linked savings scheme (ELSS)

November 8th, 2009  |  by  |  published in Income Tax, Investment

Equity linked savings schemes (ELSS) floated by various fund houses, are equity-oriented mutual fund schemes with an added advantage of tax benefits under various sections of the Income Tax Act,1961. Schemes are floated as per the guidelines that qualify them as eligible schemes U/S 80 C of the Income Tax Act. Like any other equity […]

SMS BASED SERVICE FOR CHALLAN STATUS

August 15th, 2009  |  by  |  published in General Awareness, Income Tax

Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS. SMS based verification The procedure for availing this facility is as under: 1.    Send an […]

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