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We ensure correct free online e-filing of income tax return. Income tax login & return calculator with efficient solution to avail maximum tax refund.\n
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It always feels good to get your salary. Doesn’t it? So, why shouldn’t paying tax on your
income feel good too?
Keep reading to clear all your doubts on salary related income tax.
In India, income tax deduction by employers on the salary of employees is done mandatorily.
The employer needs to deduct the applicable amount of income tax based on the estimated
income of the employee and deposit the same with the government.
As this tax is deducted by the income provider, income tax paid at source can also be called
TDS (Tax Deducted at Source).
The fiscal year 2017-18 tax-slab rates are as follows:
● for individuals below 60 years:
Up to Rs.2,50,000
● for individuals from 60 years to 80 years:
Up to Rs.3,00,000
Up to Rs.5,00,000
You can find more tax-related information on more interesting topics here.
The government provides tax exemption (under Section 80C and 80D) which allows a
person to apply for exemption on tax that is based on the kinds of investment he has made
in that financial year. We can begin by subtracting the exemption amount from total annual
It is important for the employee to get a declaration and proof from individuals to approve tax
exemption. The categories mentioned below are applicable for exemption:
● House Rent Allowance – If an employee pays rent for accommodation and is entitled
to HRA from the employer, the employee can declare this amount for tax-exemption
● Conveyance or Travel Allowance – This can be declared for tax-exemption if the
employee is provided with the travelling allowance
● Medical Allowance – This is applicable when the employee produces medical bills for
You don’t have to be a math genius to do your taxes! You can easily hire a tax expert. We,
at AllIndiaITR, guarantee you the best rates in the market for highly professional financial
services like income tax efiling, online TDS payment, income tax return, NRI plan, income
tax refund, income tax calculator, etc.
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