RIFCO TAX CONSULTANTS

Income Tax Slab & Rates 2020-2021 Income Tax Slab Tax Rates As Per New Regime Tax Rates As Per Old Regime ₹0 – ₹2,50,000 Nil Nil ₹2,50,001 – ₹ 5,00,000 5% 5% ₹5,00,001 – ₹ 7,50,000 ₹12500 + 10% of total income exceeding ₹5,00,000 ₹12500 + 20% of total income exceeding ₹5,00,000 ₹7,50,001 – ₹ …

Income Tax Slab For Year 2020-2021 Read More »

Giving respite to tax payers, various statutory deadlines related to income tax which were ending on 31 March, have now been extended till 30 June. Considering the hardship people are facing due to coronavirus (COVID-19) and measures taken to curb it, finance minister Nirmala Sitharaman announced the extension of the deadlines. Most experts welcome the …

ITR filing deadline for 19-20 sesion extended till 30 June Read More »

ITR filing month is around the corner. Hence, you should be aware of all the necessary information regarding filing of the ITR. Following are some of the significant things that are to be kept in mind while filing ITR this year. a. Determination of residential status: What is to be included in total income of assessee …

Things to mind while filing ITR this 2020 Read More »

The electronic verification of declarations, presented this year by the income tax department, makes the tax declaration procedures an ongoing process. Until last year, if you did not have a digital signature, you had to send a copy of ITR V to Central Processing center in Bangalore. As of this year, the tax authorities have …

How to Verify your Tax Return Read More »

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