Income Tax: How to e-verify your return? 5 Key points to know
Income Tax (I-T) department released a statement recently saying that the taxpayers must e-verify their return as soon as they can. This is because an income tax return (ITR) is not considered valid unless it has been verified. The tax department’s message pointed out that taxpayers can still e-verify your IT return for AY 2024-25 […]
Personal loans and tax benefits: How to maximize your savings
Personal loans are one of the most commonly used financial tools to address the need for emergency funds, as they can be used for multiple purposes. These are unsecured loans, meaning they do not require any collateral as a guarantee. Compared to other loans, eligibility for a personal loan is less strict, and therefore, it […]
ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
The Income Tax Department’s repeated reminders about the July 31 income tax returns (ITR) filing deadline are important. With more than four crore ITRs already submitted for AY 2024-25, it’s evident that many taxpayers are attentive to their tax responsibilities. To check the status of your income tax refund online using only your PAN card, […]
ITR filing 2024: How to check income tax refund status online? A step-by-step guide
The deadline for submitting your Income Tax Return (ITR) for the financial year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Timely filing is crucial to ensure you can claim any eligible tax refunds. Several online resources, such as the Income Tax Department’s website, are accessible to assist you in filing your ITR. After submitting […]
How to make pension contributions to lower your tax bill
Top-rate payer? You can save 60.8pc If you use salary sacrifice, your employer might decide to pass on the savings it makes in National Insurance to you via your pension. Additional rate taxpayers would save 45pc in tax, plus 2pc in National Insurance. If the employer passes on its own 13.8pc in National Insurance, this […]
How to deal with HMRC when you need to get in touch
If you’re an individual, you can report a change in name or address via the Government Gateway service, post or via HMRC’s app. You can also do this by phone – have your National Insurance number ready. For businesses, you must tell HMRC if your name, business name, personal address or trading address change. You […]
How to cut tax outgo by over Rs 1 lakh! From LTA & travel reimbursements to meal coupons and driver salary – top 10 perks you shouldn’t miss
Tax tips to cut your tax outgo: It’s the end of the financial year and within months it will be time to file your income tax return for financial year 2023-24 (AY 2024-25). If you are looking to reduce your tax outgo, then it’s important to take note of certain perks that you can avail […]