Plan Your Investment

This post would provide you the summary of earlier articles on Tax Deducted at Source (TDS).  As you know, TDS is one of the important income tax jargon used by many of the tax payers. Also it is mostly needed for the middle class tax payers since they all salaried who pay taxes through their [...]

Are you planning a vacation for this year? or you have the habit of going for vacation every year to visit the good locations in India. That is indeed a good refreshment to relax from the every day work tension. Before planning for the vacation, lets understand the Leave Travel Allowance (LTA) exemption on your [...]

If you are salaried citizen who are often get frustration on finding the right way to save your tax and plan your investment, 51 Income Tax Tips for Investors is for you. This book is written by the income tax expert Subhash Lakhotia, who is most popular in India for his best selling books on [...]

PAN card is mandatory if you are earning income and liable to pay the taxes. It is very easy for everyone to get the PAN card. It is possible to apply through online for the PAN card. There are two sites where you can apply for the PAN card ( http://www.utitsl.co.in/pan/ amd https://tin.tin.nsdl.com/pan/index.html ). You will be able to [...]

If you are selling agriculture land, don’t assume that you are free from the capital gains. Agriculture land will attract the capital gains tax on certain scenarios. In my earlier articles, I have explained about capital gains, capital gains on agriculture land and capital asset. When looking in to the responses posted for this articles, [...]

Raj is an engineer from Bangalore, has sold his land in native place for Rs. 75 lacs and wondering what to do with that money. Assumes he owns all the money and there is no liability for him to pay the tax if he has any profit for that transaction. He is not aware of [...]

After a long awaiting, the Union Budget of India has been delivered by our finance minister Pranab Mukarji. There is mixed opinion on this budget, but seeing the opinion from the experts, the budget mainly lack of the focus on India’s future growth. Also the expectation was huge for this budget because India’s financial deficit [...]

Form 16 is one of the important component on filing your income tax. It has been detailed out in my previous article on What is form 16 and form 16a?. If you read the hundreds of comments posted on the article, it shows that there are many readers who are still having the doubts and [...]

Last year central board of direct taxes (CBDT) has announced an exemption for filling the income tax returns if your income is below Rs. 5 lacs. But, it came with the lots of restrictions which makes it is almost impossible for the tax payer to use the exemption. The condition is that if you are [...]

If you are salaried employee in a company, your payslip would have a component called HRA Allowances every month which is given by the companies to all the employees. The purpose of this component is to pay the rent for their house. Also, this is the great component to get the tax exemption if you [...]