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INCOME TAX

Income Tax Planning for Salaried Employees in FY 2017-18

Income Tax Planning for Salaried Employees in FY 2017-18 We are on the verge of completing another financial year 2017-18. We need to invest money to save on income taxes. Salaried persons have to submit their actual investments document to their employer. Employers will deduct taxes based on the provisions income tax act and submit to the Government of India according to the rule. […] Read More

Advance Tax Payment: A Complete Guide

As the name suggests the advance tax means the income tax which is to be paid in advance. If you have income tax liability of Rs 10000 or more in a financial year, you have to pay advance tax before the stipulated dates as set by the income tax department. Those who are liable to […] Read More

How to Pay Income Tax Online in 5 Simple Steps

You are filing the income tax return and while checking the 26AS tax credit statement. Then you see that there is income from fixed deposits and others but you have not paid income tax for that. For salaried employees, the employer is responsible for the correct tax deduction and payment to the Government on behalf […] Read More

How to Submit the FATCA Compliance Online

Suddenly on 27th April, 2017, one of my friends has got an SMS stating to submit FATCA self-declaration form to Central record keeping Agency (CRA) else account will be frozen. Naturally he became panicked as he did not know much about CRA, NPS etc. and being a government job holder he has NPS account by […] Read More

SIP Vs RD: Which is Better for Investment

Now a day everybody has heard about the phrase ‘Systematic Investment Plan or SIP’. But, there is a limited view what actually SIP is. People have also doubt in mind that how it’s different from recurring deposit or RD. Are they not same? In this article, what are SIP and RD and what are their […] Read More