List of Income Tax benefits available to Small Businessmen (AY 2020-21)

List of Income Tax benefits available to Small Businessmen (AY 2020-21) Many benefits are Available to Small Businessmen in Income Tax Act. This small business tax deductions checklist contains information about Presumptive Taxation

Specific Deductions available for salaried Employees [AY 2020-21]

Specific Deductions available for salaried Employees for AY 2020-21, income tax deductions for salaried employees, income tax slab for ay 2020-21

List of Tax benefits available to Salaried Persons [Updated for FY 19-20 or AY 20-21]

List of Tax benefits available to Salaried Persons [Updated for FY 19-20 or AY 20-21] List of Income Tax benefits available to Salaried Persons is given below for reference. This

FAQs on Salary Income

FAQs on Salary Income What is considered as salary income? Section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is

Expenses that can help you in Saving Income Tax [Income Tax Deductions]

Expenses that can help you in Saving Income Tax [Income Tax Deductions] We all know that we can take deductions u/s 80C and can save our income tax. Many of

SC Judgment on Provident Fund : Applicability on employers/ employees

SC Judgment on Provident Fund : Applicability on employers/ employees Hello friends, earlier I wrote an article on Understanding recent SC Judgment on deduction of PF of special allowances. From

How to save tax on Salary Income

How to save tax on Salary Income The Income Tax Slab rates have been kept unchanged by the Finance Minister for the Financial Year 2018-19 (Assessment Year 2019-2020). Tax planning

Gratuity and Its Features as per Payment of Gratuity Act 1972

Gratuity and Its Features as per Payment of Gratuity Act 1972 Have you ever taken a closer look at your salary slip? If yes, you must have observed that It

Understanding recent SC Judgment on deduction of PF of special allowances

Understanding recent SC Judgment on deduction of PF of special allowances Hello Friends ! Here is the basic analysis of Supreme Court’s Land Mark Judgment in matter of Regional Provident

PF is applicable on basic salary plus all allowances : SC

PF is applicable on basic salary plus all allowances : SC Supreme Court’s Judgement is given below for reference: The appellants with the exception of Civil Appeal No. 6221 of 2011, are