Section 44AB of Income tax act Introduction Some burning questions of every person carrying out a business or a profession, ...

If the person is carrying on a business or profession and is required to get its accounts audited mandatorily under any law other tha...

Surcharge income tax In India, the concept of surcharge for the taxpayers on the basis of categorization was introduced by Finance A...

Tax audit penalty explained Introduction Who wants to get penalised? Nobody isn't it? So how can you make sure you don'...

Tax-free allowances in India There are 3 types of allowances Fully taxable allowances Partially taxable allowances Fully exempt all...

Income tax slab India: Individual taxpayers, HUFs, AOP and BOI for the AY 20-21 The Income tax slab is a set of predetermined rates ...

The introduction of the Interim Budget this year by our honourable Finance Minister Piyush Goyal has provided a great relief to the taxp...

Ever thought the tax implications on your salary when you deny your salary or pay back your salary to your employer?  What is foregoing...

LTA allowance Are you going on vacations this year for a honeymoon or with a happy family tour? Is your employer reimbursing you your...

Marginal relief income tax The concept of marginal relief can be explained with the help of an example Particulars ...