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Income Tax Slabs for Financial Year 2012-13

Here’s the Income Tax Slabs for the financial year 2012-13, based on the budget presented by the Finance Minister on 16th March 2012. Genera...

The 13th Finance Commission (TFC) has endorsed its proposal for single goods and services tax (GST) and recommended a “revenue-neutral” rat...

In the union budget for financial year 2009-10, the Finance Minister has announced new tax slabs. General Till 1,60,000 – 0% 1,60,001 – 3,...

I found this interesting snippet circulated through email by ICICIDirect, which describes in simple anecdotes how Short Term Capital Gain/Lo...

The Government of India has reduced excise duty and service tax by 2 percent in its Interim Budget. The general excise duty has been reduced...

The Internal Revenue Service (IRS), which is the tax collecting authority in the United States, demands that 30 percent of the winning amoun...

Generally, people tend to see taxation as a meager formality and presume that it is something that is mostly unnoticed by the tax authoritie...

In a landmark ruling, the Supreme Court has said that employers are not under any statutory obligation to collect supporting evidence and fu...

Livemint has this great article written by Sunil Dhawan on filing tax returns . It’s worth a read. Related Articles - How to file Income Tax...

Income Tax Department of India facilitates a tax payer to file his Income Tax returns online through their website. It is an easy process an...

Most of the new age companies deduct income tax before giving salary to the employees (Tax Deduction at Source or TDS). TDS is also done by ...

The price of crude oil has touched $132 a barrel. As 1 barrel is 159 litres , assuming a rupee/dollar exchange rate of 42, cost of crude oil...

The government has hiked petrol price by Rs. 5, diesel price by Rs. 3 and gas cylinder (14.2 Kg) price by Rs. 50 on the wake of global crud...

Over the years companies have found outsourcing of important business processes such as recruitment, payroll, finance, training, HR etc. as ...

In the union budget for financial year 2008-09, the Finance Minister has announced the new tax slabs. General Till 1,50,000 – 0% 1,50,000 ...