Salaried employees are those who receive a fixed amount of compensation from their employer regardless of the working hours.An individual below 60 years of age is required to file his income tax return if gross total income for the financial year 2023-24 (assessment year 2024-25) exceeds 2.5 lakh.The last date to file income tax return for the financial year 2023-24 … [Read more...] about When should a salaried employee file an income tax return in India?
Income Tax
How to calculate income tax on mutual fund investments in India
What are the tax benefits of investing in mutual funds? Will I be getting any kind of tax rebate or deduction on my income from mutual fund investing? These types of questions may crop up if you are about to start your investment journey. Well, in this article, we have explained the tax implications on mutual funds investment in detail.It's always better … [Read more...] about How to calculate income tax on mutual fund investments in India
How is the sale of listed equity shares taxed in India
Most individuals are unaware of how income is taxed when it comes to buying and selling of equity shares.If you are investing or planning to invest in equity shares, then you must have a very good understanding of the tax implication on sale of shares. This article will help you in understanding how income tax is charged on sale of listed equity shares.When will the … [Read more...] about How is the sale of listed equity shares taxed in India
Taxation on Dividend Income in India: A Complete Guide for Investors
Dividend income is an important source of passive income for many investors in India. However, the tax treatment of dividend income can be complex. If you invest in shares or mutual funds and receive dividends, you must understand how this income is taxed, how to minimize your tax liability, and how to properly report it when filing your Income Tax Return (ITR).This article … [Read more...] about Taxation on Dividend Income in India: A Complete Guide for Investors
How to avoid deduction of tax at source (TDS) on dividend income
Dividend incomes are taxable in the hands of the investor under the head “income from other sources”. If trading in stocks and mutual funds is your business, then you can take dividend income as your business income.It does not matter whether the dividend is received from a company or a mutual fund.To know under which head and how dividend income is taxable, you can read … [Read more...] about How to avoid deduction of tax at source (TDS) on dividend income