Understanding property tax in India
Property tax in India is a local tax levied by municipal authorities on property owners. It is based on the annual rental value or the market value of the property.…
Tax
Tax liability on small saving schemes
Tax liability on small saving schemes varies depending on the specific scheme and the tax laws of the jurisdiction. In many countries, such as India, small saving schemes like Public…
5 Ways your family members can help you save on income tax
5 Ways your family members can help you save on income tax 1. Dependent Exemptions: If eligible, family members can be claimed as dependents on your tax return, which can…
What Are The Differences Between Revised, Belated And Updated Income Tax Returns?
Revised, belated, and updated income tax returns are distinct terms used to describe different situations related to the filing of tax returns. A revised income tax return refers to a…
How to pay professional tax online?
To pay professional tax online, follow these steps: 1. Visit the official website of the concerned tax department or government portal that facilitates online tax payment.2. Look for the option…
How is taxable income calculated?
Taxable income is calculated by subtracting allowable deductions, exemptions, and adjustments from the total income earned in a given tax year. The process typically involves identifying all sources of income,…
