The countdown for paying income tax and filing returns has begun. All taxpayers have to file their returns by July 31. While filing ITR, every taxpayer tries to save taxes. But do you know that Hindu ...
Here is how you can avail of the different tax benefits under HUFs. An HUF is a separate entity from a legal point of view. Here, individual members of the family have PAN cards, and the HUF has its ...
in India can offer several benefits for tax savings. Here are some of the key advantages: HUF is treated as a separate tax ...
While there are several benefits and drawbacks of HUFs in tax compilation, you might be able to save on your income tax by forming a Hindu Undivided Family. Since such households generally have a ...
a partial partition is not acknowledged by the income tax. Partition needs to be done through deed to be executed on stamp paper. Forming a Hindu Undivided Family (HUF) provides substantial tax ...
Such basic rules of income tax set the minimum qualifying income level for a person in order to be eligible for paying tax. Apart from that, there might be the need to secure the future of one’s ...
For more information about people with the employment income who are required to file their final tax return, see "No.12018Wage earners who must file a final tax return". Furthermore, people with ...
But there are other Post Office Monthly Income Schemes with different income tax rules ... Office Schemes Give Monthly Interest; Know Benefits, Rate & Rules Over Here EPFO Latest Update: EPF ...
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
To save taxes on an annual income of Rs 10 lakh, one would need to choose the old tax regime. This system offers various tax slabs. According to the Income Tax Rules under the old regime, no tax is ...