How to calculate income tax

How to calculate income tax Every individual under 60 years with an annual income of more than Rs 2.5 lakh is required to file Income Tax Return (ITR) as per the Income Tax Act. For seniors between 60 and 80 years, this limit is above Rs 3 lakh, and for super seniors above 80 years, […]

10 Things You Need To Know About Tax Returns

INCOME TAX

10 Things You Need To Know About Tax Returns Filing your income tax returns is an essential activity that you are required to perform as the financial year draws to a close. Filing taxes is extremely beneficial – not only does it make you a proud tax paying citizen, but you also receive returns on […]

The GST Composition Scheme

The GST Composition Scheme To help ease the implementation and the tax compliance procedure for small taxpayers like Small and Medium-sized Enterprises (SMEs), Micro, Small and Medium Enterprises (MSME)s, and small traders, the central government has introduced this Goods and Services Tax (GST) scheme. The GST composition scheme already exists under many state Value Added […]

Senior Citizen Tax Benefits as per Union Budget, 2021

Senior Citizen Tax Benefits as per Union Budget, 2021 The Union Budget The Union Budget is the most awaited annual Government event, since it sets the tone for future economic growth. The Union Budget usually offers a range of benefits, as well as newer regulations pertaining to all the citizens and industries across domains. Salaried […]