Tag Archives: Income tax

Section 80DDB Income Tax – Dedction for Medical Treatment

By | February 24, 2023

Section 80DDB Income Tax Dedction for Medical Treatment Section 80DDB Income Tax Dedction for Medical Treatment as Amended by Finance act 2022, You aslo need to study Rule 11DD of Income tax rules Sumamry of Section 80DDB Income Tax Act Section 80DDB of the Income Tax Act provides tax deductions to taxpayers for medical expenses… Read More »

Section 80G Income Tax Act : Deduction for donations to certain funds, charitable institutions, etc.

By | February 24, 2023

Section 80G Income Tax Act In this article we will discuss Sumamry of Section 80G of Income Tax Act and  Complete section 80G of Income tax Act as Amended upto Finance act 2022 Summary of Section 80G of Income Tax Act Section 80G of the Income Tax Act provides tax deductions to taxpayers who make… Read More »

Income Tax Slab for FY 2022-23 AY 2023-24

By | February 24, 2023

Income Tax Slab for FY 2022-23 AY 2023-24 Income Tax Slab for FY 2022-23 AY 2023-24 and Income tax Slab for FY 2021-22 AY 2022-23 as Amended by Finance Act 2022 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical… Read More »

Section 194Q Income Tax : TDS on payment of certain sum for purchase of goods.

By | February 22, 2023

Section 194Q Income Tax Section 194Q Income Tax  is Inserted by the Finance Act, 2021, w.e.f. 1-7-2021. You also needs to refer  Income Tax rules 30, 31, 31A, 37BA and Form Nos. 16A, 24G, 26B, 26Q and 27A. . Also Refer Circular No. 13/2021, dated 20-6-2021 (Guidelines under section 194Q) and Circular No. 20/2021, dated 25-11-2021… Read More »

Income Tax Calculator FY 2023-24 I Old Regime vis-à-vis New Regime

By | February 21, 2023

Income Tax Calculator FY 2023-24 Income Tax Calculator 2023-24 has been released by Income Tax Department after Finance Bill 2023 for FY 2023-24  /AY 2024-25 Tax Calculator is now live! A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed… Read More »