Income Tax Articles

Leave Encashment, their Exemption and Tax liability

Posted by VISHAL BANSAL 18 May 2019 8548 Views

Introduction -During the service tenure, you are allowed various types of leaves e.g. Sick leave, Casual Leave, Earned Leave, etc. Sick leave and casual leaves ...

Agricultural Income and Tax liability

Posted by VISHAL BANSAL 16 May 2019 14327 Views

Agricultural Income as per section 10(1) earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-ta...

No end to harassment of Taxpayers

Posted by Manish 16 May 2019 16093 Views

It seems that there is no end of harassment for taxpayer even though there are lot of assurance provided by Prime Minister to improve the process.Given below, a...

How to calculate House Rent Allowance (HRA) Exemption

Posted by VISHAL BANSAL 15 May 2019 16518 Views

House Rent Allowance exemption under section 10(13A) is allowed if Salaried individuals getting House Rent Allowance as part of salary and full fill below two...

TDS Provisions under Income Tax Act, 1961

Posted by SIDDARTH AGARWAL 14 May 2019 9275 Views

TDS PROVISIONS UNDER INCOME TAX LAW WHAT IS TDS AND PURPOSE OF ITS INTRODUCTION TDS is abbreviated for tax deducted at source which was introduced to collect t...

Leave Travel Allowance Exemption and Tax liability

Posted by VISHAL BANSAL 14 May 2019 5068 Views

Introduction-Leave Travel Allowance is given to employee by his employer to cover his travelling expenses when he goes on vacations. Exemption is available for ...

How to file revise TDS return

Posted by Komal 12 May 2019 8887 Views

I am a CA Final Student and after posting Step by Step Procedure of filing TDS Return, I have been receiving lots of messages and comments and most of them are...

Eight ways to save Income Tax

Posted by VISHAL BANSAL 11 May 2019 14859 Views

See the related post : Comparison between different investment plansSaving Income tax by investing money in smart way is the need of every tax payer. Here are t...