Income Articles

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How to calculate Salary Income Tax
It always feels good to get your salary. Doesn’t it? So, why shouldn’t pay tax on your income to feel good too?Keep reading to clear all your doubts on salary-related income tax.In India, income tax deduction by employers on the salary of employees is done mandatorily. The employer needs to deduct the applicable amount of income tax based on the estimated income of the employee and deposit the same with the government.As this tax is deducted by the income provider, income tax paid at the source can also be called TDS (Tax Deducted at Source).The fiscal year 2017-18 tax-slab...

Tips to get Regular Monthly Income
All of us expect to have a stable flow of income every month by investing a lump sum amount into a financial product of some kind. If you think that the business or job you’re into is not stable, or you want to start making retirement plans, or even if you desire a steady flow of income each month, here are a few ways that can help you get a regular income every month! Fixed Deposits: This is probably the most famous option that people go for. If you consider yourself to be a low risk taker, you can opt for the fixed deposit scheme. The interest rates depend on the term of the inve...

Want to file your income tax return online? Here?s the first step
Online Income Tax Return Filing:By online income tax return filing, you furnish information about your total income during the financial year and tax payable on that income in applicable income tax return form. There are two options for online income tax return filing, either you can do it yourself or take help of professionals. For individuals who want to file their income tax return themselves, the process of online income tax return filing can appear somewhat complex at first. Knowing which income tax slab you fall under, and what your tax liabilities are, is the first step to file your i...

Get yourself income insured
Income Protection insurance protect your largest asset, that is your income by providing a replacement income if you somehow suffer an injury or illness that results in a total or partial disability and leave you to be able to not earn your normal income.There are several cheap Income Protection Insurance and Disability Income Protection, and other similar insurances which may be recommended in certain situations like Mortgage Protection Cover which protects mortgage repayments and Key Person Cover or Business Continuity Cover which has been designed for self-employed and business owners.P...

Income Tax Return can be filed Online
Filing Income Tax Return is important for every taxpayer, you need to do this every year without fail. Many people find it hard to E-file Income Tax Returns. What we would suggest you, is you must keep all the required documents handy and here are a few simple that you can follow, while E-filing Income Tax Returns: -Step 1The first and foremost thing that you need to do is, visit the Government’s e-filing website and register yourself.Step 2Once you have registered yourself, you will proceed towards the ‘Registered User’ tab and click on the ‘login’ virtua...

What is an income tax calculator? How does it work?
The Income Tax Act of 1961 is the law that lays the rules for tax payments. All the people and entities residing in India must abide by the Income Tax Act. They must also pay tax and submit the annual returns if the income amount exceeds the slab directed by the Act.The Income Tax Act offers two crucial information – the exempted tax amount and the tax rates applicable on each financial year or previous fiscal year. This period is between April 1 to March 31. How to calculate income tax? There is a facility available called Income Tax calculator.How does it work? Before using the i...

A Tax Preparer While Hiring For Preparing Uber Income Tax Scarborough Ontario
Asking questions to the tax preparer when you hire for a specific purpose is probably the best possible way. This will enable you to know about their experience, expertise and ability to comply with the rules of taxation and your needs as well. There may be several flaws in your accounting system which you may have maintained yourself or by your accounting staff. There are lots of rules and regulations that you need to comply and these rules keep on changing constantly. Therefore, to ensure that your accounts is in safe hands and you will be able to avoid any legal obligations and pecuniary me...

Learn the Hidden Benefits of Binary Income Plan in MLM
Network marketing or MLM is undoubtedly one of the most popular platforms for starting own business. It's an excellent way to earn good source of income by having an home based business. Although it's not a new concept, but still people get leveraged towards this industry. Very few of us are aware about the plans that are available in direct selling business. The Binary Income Plan is very popular in network marketing. Even though this concept looks quiet but is one of the most complex. And one needs really to understand its working and benefits.Understanding Binary PlanThe binary plan i...

Filing Income Tax Returns in the Year 2018
Filing income tax returns no longer involves pen and paper and a calculator. So you may have to change old jokes describing your duties to society at the next friendly get together.It is mandatory for each resident Indian to e-file her taxes if she earns more than Rupees 2.5 lakh in a year. This rule is set in stone following a literal reading of Section 139 of the IT Act, 1961. Is there any chance of a leeway in terms of the declaration of levies paid to the government? Not for the financial year 2017-18. Finance Minister Arun Jaitley had already announced earlier in the year that those una...

Options for Income Generation - And Which One to Choose
Few questions have vexed investors more over the years than this seemingly simple one: "How do I generate investment income?" There may be times in your life (typically once your earning stops) that you'll need to have a robust income generation strategy in place. While there are several ways to generate a steady income from your lump sums investments, all of them have their relative merits and drawbacks. In order to make an informed decision, it's important to have a basic understanding of all the various options available. In this article, I will highlight a few of the top of the mi...

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