Income Tax Slab Rate for Individual – A.Y.2019-20 Dear reader, in this post we are going to update you about the latest Income Tax slab rate for Individual. Before we start to list down income tax rate applicable for F.Y.2018-19 & A.Y.2019-20, you should know: What is Financial Year? A financial year is a 12 […]
India Post Payments Bank Launched: All You Need to Know
India Post Payments Bank: Aapka Bank Aapke Dwaar Prime Minister Narendra Modi on 1st September 2018 launched India Post Payments Bank (IPPB). IPPB aims to take banking to the doorstep of every common people through the vast network of post offices in the country. Initially, IPPB services are available at 650 branches and 3,250 access […]
Income Tax Slab Rates for FY 2017-2018 & AY 2018-2019
Income Tax Rate for the Financial Year 2017 – 2018 & A.Y 2018 – 2019 Dear Tax Payers, We know that Income Tax Slab Rates applicable to a resident individual in India depend on their age & category. For the purpose of ascertainment of the applicable Income tax slab rates, an individual can be classified […]
Operation Clean Money: Verify cash deposits online on Income Tax portal
Cash Deposits Verification Online on e-filing portal of Income Tax Dear Reader, post demonetization income tax department is now working hard to identify cases of cash deposits which are not in line /par with the taxpayer’s profile. In the first phase, Income tax department has scrutinized & identified 18 lakhs persons where cash deposited by […]
Income Tax on Gifts Received in India – Taxability & Exemption
Tax on Gifts received in India: Rules & Exemption We all love to give and receive gifts from our friends, colleagues and relatives. In India giving gift is customary. It is seen as a sign of friendship, closeness. We receive lot of gifts from our family friends, relatives, office colleagues on various occasions or festivals. […]