Category Archives: Income Tax

Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

Under existing rules of the Income Tax Act, 1961, resident Indian , non-resident Indians (NRIs) , HUF and AOP are taxed according to following tax slabs and rates. The following are the IT slabs and slab rates for FY 2019-2020.   1. In case of an Individual (resident or non-resident) or HUF or Association of … Continue reading Income Tax Slabs & Rates : A.Y 2020-21 [F.Y. 2019-20]

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Time to file Income Tax Returns For Financial Year 2018-19

  The income tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20.The time has come for all of us to start filing our income tax returns (ITR). This year it becomes all the more important to file it on time as there is a penalty for missing the deadline. … Continue reading Time to file Income Tax Returns For Financial Year 2018-19

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