Do I claim 1 or 2 allowances?
Whenever you get paid, a certain amount of income tax is automatically withdrawn (or withheld) from your paycheck and turned over to the IRS. The number of allowances you claim …
Read MoreUpload form-16 Income tax returns
Whenever you get paid, a certain amount of income tax is automatically withdrawn (or withheld) from your paycheck and turned over to the IRS. The number of allowances you claim …
Read MoreThe difference between claiming 1 and 0 on your taxes will determine when you will be getting the most money: with every paycheck or in one lump sum during tax …
Read MoreManagement Allowance If you think that your entire salary is taxable, then that is not true. The overall package, which is termed CTC, comprises many Management Allowance. While calculating taxes, …
Read MoreTaxable Allowance Taxable allowances are those allowances which are part of salary and are not exempted under any section of Income Tax Act. These are taxed as per the tax …
Read MoreTaxpayers are usually aware of deductions under Section 80C of the Income Tax Act for which they are eligible. However, it is noticed that taxpayers are unaware of taxability of …
Read MoreThe Income Tax Return filing procedure can be extremely tedious and time-taking, especially for first-time filers, but having all the documents ready before hand makes the job a tad bit easier. There are exactly …
Read MoreWhat are Annual Reports? An annual report is basically a comprehensive report on a company’s activities throughout the preceding year. It is a publication that public corporations must provide annually to shareholders to It …
Read MoreThe salary of the first month of this financial year (FY) is due in some days, and you’ll have already got that mail asking you to provide an investment declaration …
Read MoreA Salary Slip is a document issued by an employer to an employee. It contains an in depth description of the employee’s salary components like HRA, LTA, Bonus paid, etc …
Read MoreForm 16 is somewhat a very important yet very confusing part of income tax filing. There are basically Form 16, Form 16A & Form 16B which are to be selected …
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