Income Tax

Every individual is liable to pay tax in India on his income whether he is a self-employed individual or a salaried individual. On the other hand, the government has also given the provisions of exemptions and deductions on the taxable income to... Read More

HUF stands for Hindu Undivided Family in which all the family members with a Hindu Culture can come together and remove some tax burden by forming a HUF. On the other hand, Buddhists, Jains, and Sikhs can also build a HUF and claim for the tax... Read More

If the government is charging taxes on the income of the individuals then it has also given many exemptions and deductions to reduce the tax burden. You might be aware of the fact that you have to pay taxes on capital gains if it has aroused due to... Read More

Taxes are the main source of earnings for the government and it is the duty of every individual to pay taxes on their income. The taxes are used by the government to enhance various sectors like Health, Education, Defense, Infrastructure, etc.... Read More

Every individual is liable to pay taxes on his income even it is a capital gain. Any profit or gain an individual generates by the sale of a capital asset is known as Capital Gain. So, you will have to pay taxes on that income that arises in the... Read More

House Rent Allowance is a component of salary paid to the employee by the employer in the favour of accommodation and cost of living in that city. But you might be not aware of the fact that HRA is a part of net salary and it is taxable as per the... Read More

If you are a salaried employee then you might have been receiving your salary after tax deduction. But do you have a note of all those deductions? Well, your employer has all the details about the tax deductions in Form 16. So, basically, Form 16... Read More

Every individual has to pay taxes on his income if it crosses the minimum taxable limit. On the other hand, the Income Tax Department collects taxes charged on different sources of income of an individual. So, in order to keep a record of all the... Read More

It is the duty of every Indian Citizen to pay taxes once his income crosses the income threshold. But the government has given certain reliefs to the taxpayers by allowing deductions and rebates on their income So, there are some incomes that are... Read More

Every Individual must get a health insurance plan to meet the financial crisis during a medical emergency. But it is a common doubt if a person doesn’t face any health issues during the policy term then all the premiums become void. Well, it is... Read More