Hi PAUL MUDDHA
You wrote:
> No No dear you have understood wrongly Yjd.
After 5 lakhs straight away 10% and above 7 lakhs straight away tax applied. >
Ok, so what was meant then by the first tax slab in the case of both old and
new regimes being free?
Prof Kumar wrote as follows, let’s
It is compulsory for ITR 3 and ITR 4 but not for salaried individuals.
If you are claiming any exemption under new regime, then it is better
to file 10IE.
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Hi,
I have confusion over filing Form 10IE
I filed my ITR last year under new regime. This year too I plan to continue
with the new regime.
Do I have to file Form 10IE every year? I file ITR form 2.
- Original Message -
From: "Sanjay Prasad"
To:
Sent: Thursday, February 29, 2024
By default it is new regime. But while filing ITR, you can choose old regime.
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1. Contents of the mails, factual, or otherwise, reflect the thinking of the
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No No dear you have understood wrongly Yjd.
After 5 lakhs straight away 10% and above 7 lakhs straight away tax applied.
From: accessindia@accessindia.org.in On Behalf
Of Yamuna Jivana Dasa
Sent: 29 February 2024 00:57
To: accessindia@accessindia.org.in
Subject: RE: [AI] Looking for tax info
Dear Yamuna Jivana dasa,
In your case, since you are not employed by a company and are new to India, go
for a qualified chartered accountant who will file your returns.
I do have one in Delhi and can refer him to you if needed.
Please contact me privately if you need that reference.
Dear Professor Kumar
Thanks for this feedback.
If I understand correctly, are you saying that as per the new regime the first
7 lakhs is not taxed, the first slab of 3 lakhs is also not taxed so that the
first 10 lakhs is untaxed, but after this if one earns more than 10 Lakhs P/A
then
Please clarify that you have mentioned tax at 20% above 10 lakhs? I feel it is
30% above 10 lakhs.
From: accessindia@accessindia.org.in On Behalf
Of drbsmku...@gmail.com
Sent: 28 February 2024 17:01
To: accessindia@accessindia.org.in
Subject: RE: [AI] Looking for tax info in an
Hello Yamuna,
One more information is one needs to file ITR irrespective of whether his
salary is below or above the taxable limit. This is necessary, for availing any
consumer/vehicle/home loan, as this ITR is required to be submitted to any loan
providing authority to check your financial
Hello Yamuna,
By default it is set to the new regime. At the start of each financial year,
you need to inform your accounts section of the company where you are employed
as to whether you opt the old regime or the new regime.
As per the old regime, there is no tax upt o an income of Rs.
Hi,
We have a fair non-taxable tax threshold in India then it seems, as you say
500,000 per year. That’s around 41,600 per month gross income. I would assume
once you exceed that threshold, then only the portion that exceeded the
threshold will be taxed according to the first tax bracket (I
Hello,
Your IT returns purely based on your income. If you are a salaried
person & your income exceeds 5 lakhs, then you have to carry out this
process of filing. Then you want to think which regime you have to
step in.
Before that you want to know there are 2 types of regimes available
for filing
Hi,
Pranav wrote:
> Many individuals however elect to file their returns themselves since they
> have one source of income primarily salaries. >
Understood. But if we have less experience as to what to file for in terms of
rebates, reductions and exemptions, then we lose out on those
Hi,
http://www.mail-archive.com/accessindia@accessindia.org.in/
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To
As an individual, or firm or HUF or any organisation if your income is
more than Rs.50/- in that case you should file income tax return.
income taxx is a tax which you have to pay on your income with different
stages and slabs. if it is less than rs.50/- you need not to worry
about it.
Looking for tax info in an easy-to-understand, accessible format
Hi friends,
I am newly wanting to learn everything I need to know about filing my own
tax returns with the Indian tax authorities. I don't even know the name of
such an authority.
In trying to read up on tax in general, I've
Hi friends,
I am newly wanting to learn everything I need to know about filing tax
returns with the Indian tax authorities. I don't even know the name of such
an authority.
In trying to read up on tax in general, I've come up with terminology which
needs to be understood in general, as well as
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