Employees have to deposit 12 % of basic salary in PF A/C. Same amount is deposited by the employer. But, if you want, you can contribute more in PF
Even if you have not filed return earlier, you can still file a new return through Updated Return... Find out more on UPDATED RETURN on this report
Except marriage, gifts received on any other occasion like birthdays, anniversaries are taxed
Tax and investment expert Balwant Jain says people can keep maximum of two properties for own use. There will be no levying of taxes on two houses
We will answer all your queries on Income Tax notices in this special report of Money9
After July 31, i.e. with filing late returns, you will not only have to pay late fees, but there are many other disadvantages as well.
In this special report of Money9, we will talk about allowances on which you can get tax exemptions....
Senior citizens get many tax benefits as compared to ordinary taxpayers. In this video of Money9, know about the tax concessions available for elderly
Many times people make mistakes while filing Income Tax returns i.e. ITR. These mistakes can cost you dearly. Notice and fine may be imposed.
Under what circumstances can you claim tax exemption on both home loan and HRA? To know this, watch the special report of Money9