India Fascinates » Tax

Income Tax Rates in India

Suhas — Sat, 06 Mar 2010 10:55:50 +0000

Indian government has announced new income tax rates in budget 2010. The following are the new income tax rates in India for the financial year 2010-2011 (Assessment year: 2011-2012). These are personal tax rates and are applicable for individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of individuals (BOI).

Income Tax Rates (AY-2011-2012) [...]

E-filing of Income Tax Return Online

Suhas — Sun, 10 Jan 2010 08:19:38 +0000

E-Filing of Income Tax Return is the process of electronically filing IT returns through the internet. You no longer have to stand in long queues to file income tax returns!!! We earlier covered details on who need to File an Income Tax Return in India and the Income Tax Forms in [...]

Income Tax Payment Online (e-payment)

Suhas — Sun, 10 Jan 2010 06:51:51 +0000

The process of making income tax payment online is called e-payment of income tax. Every Indian income tax assessee who files an income tax return and has a liability to pay taxes can avail of this facility to pay taxes online, if he has a net-banking account with any [...]

Income Tax Forms – Download and Print

Suhas — Fri, 01 Jan 2010 14:45:35 +0000

Here you can download Income Tax Forms that an assessee has to furnish his Tax Returns in India. The assessee should mention the unique Pan Card number in the Incometax form. According to Indian Income Tax Act 1961, every person whose total income for the previous year has exceeded the maximum amount [...]

PAN Card Status Online

Suhas — Fri, 01 Jan 2010 13:52:45 +0000

Do you know that your Pan Status can be tracked online?!!! We had earlier covered a tutorial on how to track the Pan Card Status. Here is another method to track PAN application status online. Pan Card is a 10 characters unique number alloted by the Indian [...]

House Rent Allowance (HRA) Exemption under Income Tax Act

Suhas — Fri, 25 Dec 2009 10:42:27 +0000

House Rent Allowance (HRA) is an allowance given by many Indian employers, including government employers, to salaried employees in India to help them meet the cost of rent of House occupied by them on lease or rental basis. HRA is exempt from tax under Section 10(13A) of the Income Tax Act, subject to certain conditions. House [...]

PAN Application Form

Suhas — Wed, 23 Dec 2009 12:48:52 +0000

Download PAN Form i.e. PAN Card Application Form or make a Pan Card application online through UTISL. Pan Card is a unique identification card for every tax paying person (assesee) in India. . Application for a PAN card should be made only when [...]

Pan Card Status Online – Find it easily

Suhas — Sun, 20 Dec 2009 16:04:13 +0000

We had earlier covered what a pan Card is and how to make a pan Card application online. This article is on how to track the PAN Card Status online. You can track the status of your application for new PAN / [...]

PAN Card Application Online

Suhas — Tue, 15 Dec 2009 11:34:51 +0000

We earlier covered what a pan card is and when it is needed.Here we detail the steps to make a PAN Card Application Online.
1. Go to https://tin.tin.nsdl.com/pan/index.html 2. Click the New PAN button if you have never applied for a PAN earlier or a PAN has [...]

PAN Card

Suhas — Tue, 15 Dec 2009 10:28:01 +0000

PAN Card is a laminated card issued by the Income Tax Department in India. PAN stands for Permanent Account Number and it is a ten-digit alphanumeric code generated and issued by the Indian Income Tax Department, to uniquely identify every tax paying person (assesee) in India. PAN Card is required by any person who files [...]