Before filing Income Tax Return some points to be Kept in mind

SELECTION OF RETURN FORM TO BE USED The first step in filing of a income tax return is to select the correct Form of income tax return. It should be noted that the Forms of income tax return may be changed in the middle of the year. The taxpayer, therefore, need … Continue reading

Income tax rates for Financial year 2015-2016

1). Individual resident aged below 60 years (i.e. born on or after 1st April 1955) or any NRI / HUF / AOP / BOI / AJP* Income Tax : Income Slabs Tax Rates i. Where the total income does not exceed Rs. 2,50,000/-. NIL ii. Where the total income exceeds … Continue reading