What is Form 16: Everything you need to know about it

The most crucial document that every paid person looks forward to is Form 16. The employer typically issues this document up until May 31 for the preceding fiscal year. Being an important document for filing returns for any salaried person Form 16 is nothing more than a TDS Certificate that the company issues, summarizing the […]

How to Avoid Paying Capital Gains Tax When You Sell Your Stock?

Short Term Capital Gains Tax Vs Long Term Capital Gains To have separate tax treatment for individuals who invest to protect their savings and those who make the investment as a way to generate income, the capital gains on selling shares have been divided into two groups for tax purposes. Long-term capital gains are any […]

Overview: What is Personal Income Tax Calculator?

A personal income tax calculator is a tool used to estimate an individual’s income tax liability based on their taxable income, tax slab rate, and any applicable deductions. To use a personal income tax calculator, an individual needs to input their taxable income, which is calculated by subtracting any allowable deductions from their total income. […]

How to Pay your advance tax

How to Pay Your Advance Tax: A Step-by-Step Guide

Those with sources of income besides their salaries are obligated to pay advance tax. Advance tax can be paid by those who make money via renting out their property, selling their shares, making fixed deposits, winning the lottery, etc. The “Pay as you Earn” plan, often known as advance tax, can be paid through specific […]

Did you not receive your income tax refund yet, here is how you can check the status of your income tax refund

Didn’t get your Income Tax Refund despite filing the ITR on time? here’s why

Around 45 days have elapsed since the filing deadline for income tax returns, and the income tax administration has already started disbursing qualified taxpayers’ refunds. The income tax (I-T) department reports that as of September 8, 2022, refunds of Rs. 1.19 lakh crore had been given out, which is 65.29 per cent higher than had […]