Tax Calculation News

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Taxing Additional Income Sources: How Does It Work? | Mint Primer

Under the Income Tax Act, there are five heads, which are known as the heads on income. At the end of each year, you or your accountant is expected to classify your yearly earnings under these heads of income as per the Income Tax Act to calculate the amount of tax payable by you as a registered citizen of a country. Know everything in detail in this video.

4 Sep 2022
Money

To know real returns, look at annual return, inflation

Understanding the impact of inflation on your money is one of the most important things in investment. Here is how you can do it.

2 min read10 Jan 2019
Money

3rd instalment of advance tax due on 15 December

If you fail to adhere to the advance tax schedule, you will have to pay interest on the due taxes

3 min read13 Dec 2018
Politics

CBDT clarification on Ind-AS makes tax calculation harder for companies

The CBDT clarification on the adoption of Ind-AS is likely to make the tax calculation of companies that follow a January to December financial year more cumbersome

2 min read26 Jul 2017
Money

Union Budget 2017 and income tax slabs: Who gains, who loses

Arun Jaitley has reduced the income tax rate for those earning between Rs2.5 lakh and Rs5 lakh, but for the rich, there is some pain in the form of a surcharge

1 min read2 Feb 2017

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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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