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Services available on mAadhaar App

mAadhaar App provides number of services on smartphone.

Aadhaar update: an individual can use mAadhaar app to avail over 35 services The mAadhaar app is available in 13 languages The Unique Identification Authority of India (UIDAI), through its mAadhaar app, provides a number services. This app, is available in 13 languages, offers over 35 Aadhaar online services in a single aap like download … Continue reading mAadhaar App provides number of services on smartphone.

Pre Filled ITR Form may have more details

Pre Filled ITR Form may have more details announced in Budget 2021.

Pre filled Income Tax Return (ITR) will be introduced for taxpayers with the data of their salary, capital gains from Investment, dividend income, interest on savings from bank, the tax deducted at source (TDS), dividend income beyond ₹. 5,000 will be captured in the 26AS form. Last year, the Govt. had already introduced amendments to … Continue reading Pre Filled ITR Form may have more details announced in Budget 2021.

5 Tax benefits for individuals

5 types of income tax benefits for individuals under Income tax Act.

5 types of tax benefits for individuals under the Income-tax Act Most of us find it difficult to handle income tax and need help of tax experts. However, it’s best to understand about basic concepts such as tax exemptions, tax deductions and tax rebates. All three help bring down your tax outgo, but are different … Continue reading 5 types of income tax benefits for individuals under Income tax Act.

New tax rule on interest earned on EPF

Now interest on EPF is taxable for high salaried employees.

In union budget 21 The Honourable the Finance Minister announced a proposal to restrict tax exemption for the interest income from EPF for the high income employees.Interest earned on EPF contribution above 2.5 lacs is taxable at normal rate for an employee.If an employee contributes more than ₹. 2.5 lacs towards provident fund in a … Continue reading Now interest on EPF is taxable for high salaried employees.