Introduction: As per Section 194A of the Income Tax Act of 1961, if your interest income from FDs exceeds ₹40,000 (or ₹50,000 for senior citizens) in a financial year, banks are liable to deduct TDS from 10% Nonetheless, if your income falls below the taxable threshold, you have the option to submit Form 15G (for […]
Introduction: If the income of an individual taxpayer falls below the basic limit for the financial year, no tax is payable in accordance with Section 139(1) of the Income Tax Act.Consequently, they are not required to file an income tax return. Such individuals are exempt from filing returns as they fall outside the taxable bracket. […]
Introduction: In today’s era of inflation, life insurance provides your loved ones with vital financial security. A life insurance policy enables your family members to pursue various plans such as education, marriage, home loan payments even in their absence In case of unfortunate death of the policyholder, the nominated life insurance policyholder will get guaranteed […]
Investing and income tax details might be complicated, but Tax Filing in Bangalore is here to make it you income taxes filing process easier and simpler.