Income Tax
How to check your Income Tax Refund Status Online?
Check your Income Tax Refund Status Online. You require to ensure that you filed right details of the bank account during filing your return of income tax. A person can check the status of the refund of income tax online through two methods. ? One ...
Introduction and Basic Concept of Income Tax
What is Income Tax ? An Income tax return (ITR) is a form used to file information about your income and tax to the Income Tax Department. The tax liability of a taxpayer is calculated based on his or her income. In case the return shows that excess ...
When the employer deducts TDS and does not issue a certificate?
Any person responsible for paying salaries is required to deduct TDS before making payment. The Income Tax Act lays down that every person who deducts TDS from a payment, must furnish a certificate with details of TDS deducted & deposited. An ...
How can I E-verify my Income Tax Return ?
After having successfully filed your income tax return, the next step is to verify it. The Income Tax Department starts processing your return, once it is verified. Refunds, if any, are processed for returns that have been submitted and verified. ...
What is the Latest Income Tax Slabs
Budget 2020 has proposed to introduce new income tax slabs with reduced rates for those foregoing 70 tax exemptions and deductions under a "simplified tax regime". This new system is optional and will co-exist with the old one with three slabs and ...