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Income Tax

5 Key Changes in Income Tax Provisions  Announced in Budget 2019

5 Key Changes introduced in this year Income Tax Slab - Income tax slab rates unchanged but announced a slew of new...

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Income Tax

Income Tax Slab 2019-20 – New Tax Rules Explained

Finance Minister has announced the Income tax rebate in FY 2019-20 with complete tax rebate on income up to Rs 5 lakh....

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Income Tax

Last Date For ITR Filling Extended to 31st August

Good News for Income tax payers - The Income Tax department has extended the  ITR filing due date by one month to 31st...

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Income Tax

Download Income Tax Calculator FY 2016-17, AY 2017-18 in Excel Format

Income Tax Calculator for FY 2016-17 and AY 2017-18 is now available for download in excel format exclusively on Askbanking.com. This Income...

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Income Tax

Why is it needed to File Tax Return of Dead Person ?

As per Income Tax rule section 159 , it is necessary to file tax return of dead person if liability incurred. It...

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Banking News

How To Fill Form 10 (E) For Income Tax Rebate on Arrears Paid ?

How To Fill Form 10 (E) For Income Tax Rebate on Arrears Paid by employer– After the [highlight]10th Bipartite settlement[/highlight] arrears were paid...

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Income Tax

List of Investment Under Section 80C Of Income Tax

List of Investment Under Section 80C Of Income Tax - The various list of investment which are kept under tax soap are listed below. Any individual may invest under these categories to get rebate under secion 80C of Income Tax subject to maximum Rs 1.5 Lakh only. The various investment avenues under this section are; PPF (Public Provident Fund) EPF (Employees’ Provident Fund) Five year Bank or Post office Tax saving Deposits NSC (National Savings Certificates) ELSS Mutual Funds (Equity...

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Income Tax

Download Income Tax Calculator For FY 2014-15

Income Tax Calculator For FY 2014-15 - Download the Income Tax Calculator for FY 2014-15 or AY 2015-16. This Income Tax Calculator is created through excel utility with latest income tax slabs. Income Tax Calculator Utility is helpful for bankers especially which included all the forms in one i.e. You can generated the following statement through this utility 1. Earning Record of Individual Employee 2. Deduction Form with Challan Details 3. Auto Generated Tax 5 for investment 4. Automatic Generated...

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