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Income Tax

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ITR U - What is ITR-U & How to file Updated Return under section 139(8A)
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ITR U – What is ITR-U & How to file Updated Return under section 139(8A)August 31, 2023

Filing income tax returns (ITR) is an essential responsibility for every taxpayer. It helps individuals and entities fulfill…

Deductions You Can No Longer Claim: Exploring the New Tax Regime”
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Deductions You Can No Longer Claim: Exploring the New Tax RegimeAugust 30, 2023

Tax laws are constantly evolving, and it is crucial for individuals and businesses to stay updated with the…

HRA Exemption
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What’s HRA Exemption? Let’s Understand This ComponentAugust 25, 2023

House Rent Allowance (HRA) is a part of your salary that helps cover your rental expenses. It’s a…

How to Pay Your Income Tax Online with Challan 280
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Can You Pay Your Income Tax Online with Challan 280?August 25, 2023

Table of Contents What is Challan 280? Challan 280 is an instrument for taxpayers in India, facilitating the…

Defining and Distinguishing the Salary Components: Take-home Salary, Net Salary, Gross Salary, and CTC
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CTC, Gross Salary & Net Salary- Meaning & Difference Between These Salary ComponentsAugust 25, 2023

Whether you are a newbie to the corporate world or have been here for years, your confusion about…

What is Section 195 of the Income Tax Act, TDS on NRI
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What is Section 195 of the Income Tax Act, TDS on NRIAugust 24, 2023

Section 195 of the Income Tax Act pertains to the deduction of tax at source (TDS) on payments…

HRA Calculation: How to Calculate House Rent Allowance Online
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HRA Calculation: How to Calculate House Rent Allowance OnlineAugust 23, 2023

House Rent Allowance (HRA) is an important component of a salaried individual’s overall income. It is a benefit…

Advance Tax
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What is Advance Tax: How to Calculate, Due DateAugust 23, 2023

Advance Tax is a system of paying income tax in India. It is a mechanism through which taxpayers…

Income Tax Deductions Under Section 80C to 80U
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What are the Income Tax Deductions under Section 80C to 80U?August 22, 2023

Income tax deductions are important for saving money and planning finances. Sections 80C to 80U of the Indian…

Income Tax for Senior Citizens
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Income Tax for Senior Citizens (Pensioners): A Detailed GuideAugust 20, 2023

Calculating income tax for senior citizens in India is an important part of managing money for elderly people.…

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