I am a pensioner with annual income of ₹15 lakh. As an engineering professional after retirement, I receive additional income of ₹3 lakh. This payment is received only by cheque with TDS deduction. I ...

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from ...

The presumptive tax scheme allows professionals with gross receipts of Rs. 50 lakh or less in a financial year to declare 50% of their gross receipts for Income-tax (I-T), reducing several compliance ...

ITR Filing 2019-20: If you are not expecting to cross the gross receipt limit as per the presumptive scheme during the relevant financial year, the presumptive taxation method can save you from lots ...

Do you belong to the salaried class? Are you frustrated by the high amount of income taxes you pay? Together with indirect taxes, like GST and excise on fuel, you end up paying more than 50% of your ...

Advance income tax has to be paid in installments on specific dates, and it must be paid in the same year as their income. Advance tax is income tax that is paid in advance rather than in a lump sum ...

From social media influencers to script writers, advertising consultants, and digital marketing professionals, many new-age earners are now finding themselves in the crosshairs of the Income-tax (I-T) ...