Tax Planning Calculator

Leaves are an important part of an employee’s work life. It’s important for survival! However, there are employees who are not able to avail the leaves available to them. This can happen due to various reasons such as pressure of...

In the previous series, we have discussed about various provisions related to House Property income, its computation and some FAQs as well. In this series, I want to take up a special topic in relation to house property income- tax position in...

A return of Income is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. The return of income can be filed either in hard copy...

In the previous series, we covered how to compute house property income and other related matters. In this series, we would be discussing few Frequently Asked Questions (FAQs). Question: Is rental income from sub-letting chargeable to tax...

In the previous series, we covered the basic aspects of house property income entailing chargeability, concept of deemed ownership, taxability of composite rent and other similar aspects. In this series, my main thrust would be on computation of...

Income from House Property is one of the five heads of income and is applicable to taxpayers who have earned an income from any house property during the year under consideration. Now the moot question is what kind of house property income would be...

In the last series, we discussed about Section 80DD. On similar lines, government has allowed other deductions as well. One such deduction is under section 80DDB, the details of which I have explained below.  Section 80DDB: Deduction...

I am sure we all feel worthy and peaceful when we do a noble deed. Now the benefits are twofold. You also get a tax benefit out of this honourable deed. The government of India has rightly understood the emotional status of Indians by giving tax...

In the previous series, we discussed the basic rules of non-resident Indian taxation in India mainly focusing on his/ her residential status, the Income Tax Return and other related compliances. In this series, my main thrust would be on their...

As a Non-resident Indian (NRI), one constantly copes up with the issue of taxability of his/ her income in India. Non-resident Indian is an individual who is a citizen of India or a person of Indian origin and who is not a resident of India....