Income Tax Deparment

Income Tax Department sent return of 1.62 lakh crores, you can check your status

The Income Tax Department has so far issued refunds worth Rs 1.62 lakh crore to over 1.79 crore taxpayers. Which includes 1.41 crore refunds for the financial year 2020-21, which is Rs 27,111.40 crore. The Income Tax Department has sent money to the people who filed ITR during this financial year in their account. In …

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Income tax can be saved even without section 80C of income tax know these 10 options

Bringing a big change in the lives of salaried employees, changes have been made in the Income Tax Rules. Tax deduction up to Rs 1.5 lakh is available under Section 80C, 80CCD(1) and 80CCC. However, according to some media reports, this limit can be increased to Rs 2 lakh. Regarding the budget 2022, it is …

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Investing in these five schemes has a chance of getting higher returns along with saving in income tax.

These options are not only tax saving but also promise great returns in the long run. The maximum tax deduction you can claim under section 80C is up to Rs 1.5 lakh. During the new year, companies have started asking for savings schemes from employees. If you do not provide proof of your investment, then …

Investing in these five schemes has a chance of getting higher returns along with saving in income tax. Read More »