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Detailed guide to file ITR Form 3 – applicable for AY 2017-18 (FY 2016-17)

Did you know? Mytaxreturns automatically decides which ITR Form should be applicable for you and files your return to the Income Tax Department. It just takes 4 simples steps and 5 minutes! Click here to Start!   The Income Tax Department has released ITR Form-3 which is relevant for Assessment Year 2017-18 (Financial Year 2016-17). … Continue reading "Detailed guide to file ITR Form 3 – applicable for AY 2017-18 (FY 2016-17)"

Detailed guide to file ITR Form 2 – applicable for AY 2017-18 (FY 2016-17)

Did you know? Mytaxreturns automatically decides which ITR Form should be applicable for you and files your return to the Income Tax Department. It just takes 4 simples steps and 5 minutes! Click here to Start!   The Income Tax Department has released a new Income Tax Return (ITR) Form-2 which is relevant for Assessment … Continue reading "Detailed guide to file ITR Form 2 – applicable for AY 2017-18 (FY 2016-17)"

Detailed guide to file ITR Form 4 (Sugam) – applicable for AY 2017-18 (FY 2016-17)

Did you know? Mytaxreturns automatically decides which ITR Form should be applicable for you and files your return to the Income Tax Department. It just takes 4 simples steps and 5 minutes! Click here to Start! What is ITR-4 (Sugam)? CBDT in its press release dated March 31, 2017 notified ITR Form 1 and ITR … Continue reading "Detailed guide to file ITR Form 4 (Sugam) – applicable for AY 2017-18 (FY 2016-17)"

Guide to file new ITR Form 1 Sahaj – applicable for AY 2017-18 (FY 2016-17)

Did you know? Mytaxreturns automatically decides which ITR Form should be applicable for you and files your return to the Income Tax Department. It just takes 4 simples steps and 5 minutes! Click here to Start! What is ITR-1 Sahaj? CBDT in its press release dated 31st March 2017 notified ITR Form 1 and ITR … Continue reading "Guide to file new ITR Form 1 Sahaj – applicable for AY 2017-18 (FY 2016-17)"

How should you pay income tax?

  The Government of India levies income tax on all income other than agricultural income (subject to certain provisions of the Income Tax Act, 1961).  Income tax is levied on each person (who is subject to tax) based on various provisions of the Income Tax Act, 1961.  The Government of India has several mechanisms through … Continue reading “How should you pay income tax?”

What is Form 16?

  If you are a salaried employee, you must be aware that at the end of each year your Employer issues you a document titled as “Form 16”. In brief, Form 16 is a document that an employer issues to the employee when the employer deducts TDS on salary payments. This is because, when an … Continue reading “What is Form 16?”

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