Taxes, like death, are inevitable. What we are trying to say with this rather morbid comparison is that taxes are unavoidable. If you are in the organised sector earning a regular income, then you are liable to pay taxes.But while you can’t ignore it, you can definitely minimise your tax liability by planning your taxes well. One such way to reduce your tax liability can be found through investments in mutual funds, all thanks to Equity Linked Savings Schemes (ELSS). What is ELSS? ELSS is … [Read more...]

While the word "tax planning" is often used, it is not often interpreted correctly. There is what you need to learn. You need to know now. What does tax planning mean? Tax planning is the practice of delaying or eliminating taxation to manage affairs. You can raise and save more capital or invest more resources with the use of efficient tax planning techniques. In other terms, tax planning aims to delay and flat out tax evasion, use advantageous fiscal mechanisms, raise and speed up tax … [Read more...]

For paying the Income Tax Online, you have to open the link – https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp. After that, click on Challan No/ ITNS 280. This portal helps with the paying of Income Tax & Corporation Tax. After that, you will be redirected to the Challan No/ ITNS 280 wherein you have to supply all the requisite details as a taxpayer. Check Income Tax Payment Online Using Challan 280 Step by Step below. You have to follow these  Instructions while furnishing … [Read more...]

In recent times most of us have a common belief that if our salaries don't come under the income tax slab, then there is no such need for filing an income tax return. However, as said earlier, it is truly a misconception one shouldn't fall prey to. Filing an income tax return is propitious in every possible way. Also, individuals having an annual income of more than the basic exemption limit of Rs 2.5 lakh must file their income tax returns in due time. Even for the ones who are exempted, … [Read more...]