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Friday, 10 April 2020



Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No,
Most of us don’t know what is relief under section 89.
Most of the employee says it “relief 89“.
This article is all about “How to calculate income tax on arrear salary”.
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Wednesday, 8 April 2020


Excel Challan 280 FY 2019-20 AY 2020-21. Download Income Tax payment Challan No. ITNS 280  in Excel.
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Monday, 6 April 2020


 The Union Cabinet has approved an ordinance slashing the pension and allowances of members of the Parliament by 30 percent for a year.
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Sunday, 5 April 2020

Tax Saving Sections for the Financial Year.2019-20 (as per Finance Budget 2019)
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Saturday, 4 April 2020



As we begin the new financial year, there was a demand for extension of FY 2019-20 to June 30, 2020, owing to the COVID – 19 outbreaks.
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Honourable Finance Minister (FM) Nirmala Sitaraman in her budget has introduced a new taxation regime under personal taxation. Instead of giving relief to all the Individual & HUF by increasing the tax slabs directly, Budget 2020 have proposed to introduce new section 115BAC in the Income Tax Act 1961 in which Individuals or HUF have been given an option to give up various exemptions and get the advantage of lower tax rates. Following is the comparison of the existing tax rates and the new tax slabs.
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Wednesday, 1 April 2020



Now you can get higher gratuity without paying taxes. The Government is going to increase the limit for tax-free gratuity.
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