Articles

Any prudent taxpayer would want to ascertain avenues to optimize taxes and enhance their disposable income. The most popular avenue is the crowded limit of INR 1,50,000 under Section 80C of the Income Tax Act, 1961 (for life insurance premiums, PPF, five-year term deposits, etc.).

Income tax rebate or tax rebate refers to a reduction of tax liability. It is a form of tax relief wherein you receive a refund on the taxes you have paid. This refund is received at the end of the financial year upon filing your tax return. Click here to understand the income tax rebate and how you can claim it under the provisions of the Income Tax Act.  

You need not worry even if there is an error in the ITR you have filed, as you can revise it and file it again. It’s as easy and quick as filing your original ITR.

There are several instances when you may face a shortage of funds. You may be buying a house or a car, planning to holiday abroad, or sending your child to a professional school.  When you take any loan, you can also take advantage of the tax benefits that come with them. Click here to read and understand what are the tax benefits on any loan and how you can claim them.

The exercise of filing IT Returns is a relatively simple one that can be done from your comfort zone. This quick guide to filing your ITR will take you through the entire process briefly so that you can accordingly prepare and confidently file your returns.

Tax liability is the amount of money owed by individuals and organizations to the tax authorities of India. Read on to find out more about what category of your earned income makes you liable to pay taxes.