Explained: Calculation of Income Tax For Assessment Year 2020-21
In the recent announcement of union budget 2019, there were multiple benefits showered on the middle class as well as on the farmers alike.
Browsing category
In this portal, the articles and trending news for taxpayer about the income tax are being written and all these articles and news covered the information about the income tax updates, registration, filing process, form details, along with other financial coverings.
The news and articles on income tax are the centers of reading where people seek their interest. So we had collected all these in one portal where readers can read it easily.
The taxpayers and CAs will get aids from this portal of SAG Infotech in filing their returns or managing their businesses. Also, we have other interesting categories related to the latest news under GST and TDS updates.
The trending income tax news and informative tax articles are thoroughly written by the professional CA who seeks the information and writes it accordingly. Hence updated articles with no error will be catered before you.
In the recent announcement of union budget 2019, there were multiple benefits showered on the middle class as well as on the farmers alike.
In a move to provide relief to the middle-class homebuyers, the Central Government is all set to make the home loan process easier and more profitable by increasing the subsidy limit for the beneficiaries of PMAY scheme.
The First income tax rate in nascent India after Independence was fixed as high as 97.75 per cent with 11 tax slabs. There was a huge challenge in front of the Country to lower the pace of this sky-high tax rate. The Country had witnessed the tax rates from a high of 97.75 per cent […]
Good news has come for the taxpayers because Infosys is going to develop a new income tax filing system at the cost of Rs 4,241.97 crores said the government that will help to decrease the processing time for returns from 63 days to one day and expedite refunds.
The Interim Budget expected to show Remarkable changes in the Income-tax exemption limit. According to a report, it is speculated that the income tax exemption threshold for the salaried class would be changed from the current Rs 2.5 lakh to Rs 5 lakh.
All salaried persons don’t know about all sections under income tax that can save income tax on a legal basis. Here, SAG Infotech has written down all income tax saving tips along with the simple definition of all related sections like 80C, 80CCC, 80CCD, 80TTA, 80GG, 80E, 80EEA, 80EEB, 80D, 80DD, 80DDB, etc. If a […]
Income tax return filing numbers are on a record high in the financial year 2018-19 as according to the statistics, the income tax filing in the current financial year till 30th December stood at 6.21 crores which are 43% higher.
Estate Tax or Inheritance Tax is a matter of question in the country since long. Also, the ruling government is looking forward to implementing the same christened as the Inheritance Tax.
Taxpayers are advised to pay their Income tax on or before 31st December as on non-payment of the returns on the stipulated time, would lead to the payment of huge penalty and the penalty amount could be between Rs. 5000 and Rs. 10,000.