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Form 26AS:

Form 26AS is an annual statement maintained and generated by the Income Tax Department for each individual assesse, which contains all tax related information of...

Financial year and Assessment year

Financial year: The Financial year is the time period which you have earned/received an income in a time period. Any income earned in the period...

Penalty for not Paying Taxes

The government can impose penalties on any individual or legal entity who evades taxes. The penalty is dependent on the category of the tax that...

Income Tax Slab Rates

Old Tax Regime GENERAL CATEGORY NON – SENIOR CITIZENS AGE BELOW 60 YEARS                                 NET INCOME TAX RATES BELOW 2.5L NIL   2.5L TO...

Advantages of Paying Taxes:

Loan approvals: Filing taxes will help you to get easy loan approvals (Home loans, vehicle loans etc ITR copies are mandatory to get loans. Visa...

3. ITR-3- Applicable for Individual and HUF

This return is applicable for Individual and Hindu Undivided Family (HUF) Having Income under the head Profits and Gains of Business or Profession Who is not...