SEARCHED FOR:INCOME TAX SURCHARGE
What other deductions can I claim from my salary part from common ones like 80C, 80D?
The current income tax laws allow various other deductions from the income chargeable to tax apart from common ones such as section 80C, 80D, section 24 etc.
How to calculate income tax for FY 2020-21
For the financial year 2020-21, it is important to know how much will be a total tax liability for...
Income tax highlights of Budget 2020
While there is no change in existing income-tax slab rates for individuals, a new tax regime has been pr...
What is an income-tax tax slab?
There are about six income-tax slabs as per the tax laws notified post Budget 2019.
Has working from home increased your tax liability? This is what you should do to save on tax
As work-from-home becomes the new normal across the country, salaried taxpayers are seeing their tax shoot up. Many of the allowances in the pay package, including the commonly used reimbursement of fuel or conveyance expenses, have become taxable due to the travel restrictions imposed by Covid.
How to know which income tax slab you fall in?
As your income level increases, income at different levels will be taxed at different rates which are called the slab rates. To know how much is your income tax liability in a financial year, it is important to know which income tax slab you fall in.
What are the income tax exemptions and other monetary benefits available to women?
Up until FY 2011-12, women and men had different income tax slabs with women having to pay slightly less income tax. However, from FY 2012-13, this was done away with and tax slabs for men and women were made the same.
Tax optimiser: Salaried Khanna can cut tax by Rs 4.7 lakh by rejigging salary structure
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
Govt may halve dividend income tax rate for big local investors
Foreign companies, on the other hand, would have to pay anywhere around 5% to 15% tax on dividends depending on the tax treaty that India has with the country from where the investment is routed.
Surcharge hike: Will the rich outsmart the taxman?
Many biz families holding assets under local pvt trusts are considering to change the character of the trust.
Six income tax slabs in, 70 exemptions out: Impact on taxpayers
Salaried taxpayers who opt for the new regime will have to forgo the standard deduction as well as exemptions under chapter VI-A, including HRA, investments under 80C, medical insurance premium, even LTA.
Government may halve dividend income tax rate for big local investors
Plan to bring down the tax rate to about 20% may benefit individuals in highest tax bracket
New income tax slabs: Will you gain by switching to new regime?
Budget 2020 had proposed an alternate income tax structure, which has come into effect fro April 1, 2020. Find out whether you will benefit or not.
View: Normalise, taxmen, new abnormals
Covid-19 has led to mass scale disruptions. Globetrotting employees stranded on foreign shores are inadvertently creating tax-risks for their employers merely by doing what employees do in the ‘new normal’ scenario — working remotely.
Union Budget 2020: Why income-tax cut is a bad idea
Income tax cut would be ill-timed, given the huge shortfall in revenues after the steep cut in corporate tax.