The new financial year has began. Few weeks back many of us were scrambling to make last minute tax saving investment. This year save yourself from making impulsive tax saving decisions, plan ahead and relax. Here is what you should do for your Tax Planning for FY 2010-2011.
Claiming Leave Travel Assistance (LTA) benefit has always been a puzzle for many. Some of us even settle to pay additional tax instead of claiming the Income Tax benefit associated with LTA. Here is your primer to know all about LTA exemption.
Most of the offices today share a similar scene. Employees are worried, no, not because of economic slowdown, but because they need to give proofs of tax saving investments by a given date. After all, for most people tax is a four-letter word.
The E-filing and CPC projects have enabled end to end automation of all processes.
Check how Union Budget 2010-11 has affected your personal income tax liabilities. Use this simple excel based Tax Impact Calculator updated and modified as per the proposed Direct Tax changes applicable for FY 2010-11 or assessment year 2011-12.
Yes, you read it right! If the new Direct Tax Code Bill 2009 is passed by the Parliament in the winter session, paying 10% tax on income upto Rs.10 lacs, could be a reality very soon.
Check the impact of Union Budget 2009-10 on your Personal Income Tax. Enclosed find a simple excel based Tax Calculator applicable for FY 2009-10 or assessment year 2010-11.
Finance Minister Mr. Pranab Mukherjee will present Union Budget 2009-10 in the lower house of the Parliament. Lot of speculations are doing rounds in the National Media on what could be the content of the Union budget 2009-10.
The key issues highlighted in the President Pratibha Patil’s may impact the coming Union Budget. What could be the possible impact of these issues on people like you and me.
Tax planning entails making investments and contributions that help minimize the tax liability. Traditionally, most of us invest only instruments that provide tax saving benefit as aversion for taxes ranks as one of the most universal emotions. But, does this fit well with our overall financial planning goals?