Simplified Laws Guide to Taxation and Legal Concern

By now, all the employees know that they will take home anywhere between Rs.2000 to Rs.4000 extra from this month onwards. Some of you would have already planned to spend this money. You can go ahead and do whatever you want to do with this money. It’s your money. But …

Basic exemption limit is increased from Rs.2 Lakhs to Rs.2.50 Lakhs What it means to you? Your annual taxes will be lesser by Rs. 5,150 i.e, monthly take home salary will go up by Rs.400. In case of senior citizens, the basic limit is increased to Rs.3 Lakhs. Investment deductible …

There is no rocket science involved in filing your tax returns.  However, filing returns that is an annual activity coupled with frequent changes in the law, tax returns and formats may make the job bit complex. That’s it. In this article I wish to write about certain points which you …