Income Tax Act 1961: Income Tax Laws & Deductions in India under Income Tax Act Introduction to Income Tax Act Income tax as a concept has been present in India for many years, but James Wilson who became India’s first finance (British) member introduced the first modern Income Tax Act in 1860. “It was only for the good of his subjects that he collected taxes from them, just as the Sun draws moisture from the Earth to give it back a thousand fold,” wrote Kalidas in his epic poem Raghuvansh. What is Income Tax? Income tax in India is a tax you pay to the government based on your income (and profit, in the case of companies). Income Tax Act 1961 The Income Tax Act is a comprehensive statute that focuses on the different rules and regulations that govern taxation in the country. The Income Tax Act contains a total of 23 chapters and 298 sections according to the official website of the Income Tax Department of India[1]. SalaryIncome from house propertyCapital gainsProfit and gains from business or professionIncome from other sources Who are income taxpayers in India?
FD - Open Fixed Deposit Account Online at Best Interest Rates at Axis Bank At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Cover arranged by Axis Bank for its customers under Digit Illness Group Insurance Policy (UIN GODHLGP20142V011920).
NRI Accounts |Types of Online Bank Accounts for NRIs At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them.
Home Loans - Apply for Home Loan Online At your request, you are being redirected to a third party site. Please read and agree with the disclaimer before proceeding further. This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken.
Top 4 Benefits of Online Trading Account – Nikhil Dada Online stock trading is convenient. You can easily buy or sell shares simply from the comfort of your home. In fact, investors no longer have to use brokers to invest in stocks or securities. With an online trading account, this becomes quite simpler, easier, and more convenient. Also, it is generally considered less expensive than using a stockbroker to make trades. Here are the following benefits of opening an online trading account – 1- Flexibility: This is one of the most important factors of an online trading account. 2- Smoother transactions: The advanced technology ensures that the customer enjoys smoother transactions. 3- Easy accessibility: This is yet another good advantage of opening a trading account. 4- Multiple media: It’s good to place order through an online account as it helps to streamline the whole process. With e-trading or online trading, you make all decisions on your own.
Section 80C, 80CCC & 80CCD Deduction - Income Tax deduction under Section 80 Section 80 Deductions Under Section 80C, 80CCC & 80CCD, you can reduce your taxable income. Each financial year, we look for ways to save our taxes when filing them. But first, understand what are the tax deductions under sections 80C, 80CCC & 80CCD you can claim as a taxpayer. As a taxpayer in India, we all look for various ways to save our taxes and reduce our tax deductions. As taxpayers, the most widely known tax-saving option is under section 80C of the Income Tax Act. The lawmakers recognized this conundrum and therefore made way for a taxpayer to claim deductions (reduce taxable income) under various sections of the Income Tax Act. Here is a short guide to types of taxes in India that will aid your tax planning for this financial year. 1. Under section 80C of the income tax, you are eligible to claim deductions up to Rs. 1, 50,000 on your taxable income from tax-saving instruments and investments. The investments which qualify for deductions under 80C are listed below: 2. 3. 1.
YES BANK announces appointment of Key leaders to augment Operational Excellence and Brand Building for the Bank - Press Release Appoints new Chief Operating Officer (COO) to lead Bank wide Operations & Service Delivery Appoints new Chief Marketing Officer (CMO) to lead overall Marketing and Communication efforts for the Bank Mumbai, October 10, 2019: YES BANK, India’s fourth largest private sector Bank announces the appointment of Anita Pai as Chief Operating Officer and Jasneet Bachal as Chief Marketing Officer of the Bank. Anita Pai has over 29 years of rich experience in the Banking and Financial Services sector across Retail and Corporate Operations, ATM and Branch Banking service, Customer service and Service Quality. In this critical leadership role, Anita will be responsible for Operations & Service Delivery (OSD) and Information Technology functions of the Bank. She will be responsible for establishing a nimble operations set up, backed with best in class technology platforms to deliver superior customer experience. About YES BANK For media queries, please contact:
How To Calculate Car Loan EMI – Sanjana Suri For a majority of Indians, a car loan is the only possible way to finance their purchase. However, many while applying for a loan are not able to calculate the accurate amount they need to pay as EMI. They end up paying more than what they can afford. Here are two simple ways. 1. 2. EMI = [P x R x (1+R)^N]/[(1+R)^N-1] P = principal/loan amount R= rate of interest N= number of monthly instalments 3. Now that you’ve got a good idea of ways to calculate the amount you need to repay your loan, go ahead and check to see if you can afford the EMI for the loan amount you wish to apply.
Here's why PM Modi should worry about losing the 'fastest growing economy' tag Mumbai: India is no longer the world's fastest growing large economy. Recent data released by the government indicates that while full-year growth for 2016-17 came in at a respectable 7.1 percent, fourth-quarter GDP grew at 6.1 per cent, lower than China's in the same quarter. For the Indian government that relied on the tag of 'fastest growing economy' to attract investments in the country, it will now need a new qualifier while pitching India to potential investors. While reports are quick to blame the Narendra Modi Government for its demonetisation that withdrew 86 per cent of the country's currency from circulation, former PM Manmohan Singh had stated in the Parliament at the time that the move might dent growth by two percentage points or more. However, India's economy was slowing down much before PM Modi implemented the currency demonetisation last November, reports The Economic Times. Read: Demonetisation effect: India's GDP misses estimates, annual growth slows to 7.1%