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Friday, 7 February 2020


Medicinal inclusion (or) Mediclaim assurance is a flat out need have for all. Considering the rate at which therapeutic costs are rising, it is fundamental to have satisfactory remedial insurance incorporation. The remedial development in India is growing at an immense rate, for all intents and purposes 12% to 15% year on year. Henceforth, it is essential to have an adequate prosperity spread, it is altogether progressively critical for senior occupants.

Wednesday, 5 February 2020


Budget 2020 has made the tax structure more complicated by adding three income tax slabs. The removal of tax exemptions and deductions certainly makes compliance less tedious, but avid tax planners who maximised their tax deductions will probably pay more tax under the new tax regime. The budget 2020 has tried to put more money in the hands of taxpayers by curtailing the incentives to save.

Tuesday, 4 February 2020

The Finance Minister has tabled today, the Union General Budget 2020-21 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2020-21 or AY 2021-22. (FY is Financial Year and AY is Assessment Year) 

Saturday, 1 February 2020

 As per the West Bengal Finance Department has changed the Pension Form Single Comprehensive Form in a new modified format vide Notification No. 416-F, Dated 09/08/2019. Some of the particulars added in this New Form, which will be more transparent. And also this Format will be required after 01/01/2016 as per the New 6th Pay Commission ( As per ROPA 2019)


Income Tax Return e-Filing for AY 2019-20: For false claimants of HRA, other exemptions, it may turn out to be nothing but inviting trouble.
To save some extra tax, many taxpayers, in their Income Tax Return (ITR), show that they are staying in rented accommodations by paying a monthly rent of around Rs 8,300, and claim the tax benefits on House Rent Allowance (HRA) by taking advantage of the Income Tax rule that there is no need to disclose the PAN of one’s landlord for paying rent up to Rs 1 lakh per annum.

Friday, 31 January 2020


Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you need to know. 

Thursday, 30 January 2020


Buying a house is a dream for millions of people in India. The government has provided various tax benefits to individuals to encourage them to buy a house property under the ‘housing for all’ initiative. One of the important things to note is that if the property is held jointly, individuals can receive additional tax benefits for the same cost. Highlighted below are the possible tax benefits if the house property is held jointly. A house can be held jointly with anyone not necessarily a spouse or parent, but it can also be with a relative, friend or even a business associate.