CA Bigyan Kumar Mishra

Before getting into what is due basis or receipt basis and when salary income is chargeable to tax, you first need to understand whether your income is taxable under the head salaries or under some other head of income.For instance, if you are hired by a software company as a contractor, amount incurred by you from the software company will not be taxable under the head … [Read more...] about Due basis or receipt basis – When salary income is taxable

Before finding which ITR form a salaried individual should file with government, you must know whether you are liable to file your tax return or not. As per the present tax laws, every individual  whose total income before allowing deductions under Chapter VI-A, exceeds the maximum amount which is not chargeable to tax is obligated to furnish return of income on or before the … [Read more...] about Which ITR form salaried individual should file for FY 2018-19

If you are planning to switch jobs or already moved to a new company for better pay, then this article on why and how to report salary income incurred from previous employer to current organization might help you.In case you have worked for two or more companies during the previous year, then you can report your total salary income incurred from previous employers to the … [Read more...] about How salary from previous employer reported to present company