Income Tax

Income Tax Slab Rates for AY 2015-16, FY 2014-15 in India

June 15, 20150 Comments

Basic updates about Income Tax Slab Rates for AY 2015-16: What is income tax: Revenue in the form of Income tax is the prime revenue of Indian Government.An income tax is a government tax collected from tax payers who earn various income or profits. Every Indian citizen/corporates who earns various income so as that it become tax paying necessary would […]

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Income Tax Due Date for E Filing Returns in Gujarat Extended

September 1, 2013

One good news for Gujarat peoples: Income Tax e filling Due Date for Filing Returns in Gujarat has been Extended. It was earlier as normal 30th September 2013, but now it has been extended to 14th October 2013. The reason for such Income tax e filling due date extension is given as there is heavy […]

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Medical based Deductions in Income Tax: Sections 80D, 80DD, 80DDB, 80U

February 1, 20130 Comments

Every Assessee is allowed for deduction from the gross income for the payment made as per particular sections of the Income Tax Act, 1961. One of the example of such deduction is Medical based deductions which are given  in Section 80D, Section 80DD, Section 80DDB & Section 80U of the Income Tax Act, 1961. Below […]

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