Which ITR Form Should I File?
Tax Club

Which ITR Form Should I File?

Taxes! The word itself can conjure up feelings of dread and confusion. But fear not, fellow reader, as I am here to help clear the air. Filing your taxes isn't just a yearly ritual; it's an important step that contributes to your benefit and the nation.

Continue Reading about 1 months ago
How will Budget 2024 Affect your Finances?
Macro Moves

How will Budget 2024 Affect your Finances?

The countdown for the announcement of the Union Budget for 2024-25 has begun. 1 February 2024 will be the day when Finance Minister Nirmala Sitharaman will unveil India's next financial chapter.

Continue Reading about 3 months ago
Understanding Form 16: The Essential Guide for Salaried Employees
Tax Club

Understanding Form 16: The Essential Guide for Salaried Employees

As the end of the financial year draws near, taxpayers gear up to file their income tax returns. However, navigating the intricate world of taxes can be daunting, especially for salaried individuals who must keep track of numerous documents and procedures. One such document that plays a crucial role in the process is Form 16, which acts as a certificate of the taxes deducted at the source by the employer. It's a document that can determine whether you get a refund or pay more taxes, making it essential to understand its intricacies. 

Continue Reading about 1 years ago
Form 16 A & B: The Two Sides You Need to Know
Tax Club

Form 16 A & B: The Two Sides You Need to Know

Attention all salaried employees in India! Are you ready to unravel the mystery behind Form 16? This vital document not only summarises your salaried income but also holds the key to your tax deductions. But wait, did you know there are two TDS certificates, Form 16A & 16B? Each part provides unique information about your finances that you must learn to file your income tax returns accurately. So, get ready to dive into the exciting world of Form 16 and explore the fascinating details of Form 16 A and Form 16 B. Get your popcorn ready, and let's get started!

Continue Reading about 1 years ago
Income Tax E-Filing: Everything You need to know
Tax Club

Income Tax E-Filing: Everything You need to know

Kids often want to go on vacation in July, right when people have to submit their taxes, right? So what do you do? You can’t skip paying your taxes, not legally, at least! Skip the vacation, and you will never hear the end of it! If only there was a way to do both.

Continue Reading about 1 years ago
Is Filing of Income Tax Return Compulsory?
Finance

Is Filing of Income Tax Return Compulsory?

The only reason you're "exempt" from filing an ITR is because you're not earning enough. Get better at your job.

Continue Reading about 1 years ago
Penalties Charged for Late Filing of ITR
Tax Club

Penalties Charged for Late Filing of ITR

A lot of people seem to assume that filing tax returns is elective and therefore disperse it as unnecessary and burdensome. But a lot of individuals are not aware that this is not a very healthy perspective on tax-filing.

Continue Reading about 3 years ago
Tax Benefits under Section 80C of Income Tax Act
Tax Club

Tax Benefits under Section 80C of Income Tax Act

In a bid to entice citizens to invest in various avenues, the Government allows deductions while computing Income Tax. The most popular ones are covered under Section 80C.

Continue Reading about 5 years ago