tax deduction tagged posts

Tax deduction on salary while switching job

Category: InvestmentsTax Planning Comments: No comments

Tax deducted on salary while switching job

When and employee changes job in a financial year once or more than once then he faces a common problem of extra tax deduction at year end. Financial year is the period starting 1st April and ending 31st March every year. Employees have a common a common question why my tax got deducted even though TDS was deducted in my previous company, why do i have to pay extra tax when it is already paid...

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How salaried employee lose tax benefits

Category: InsuranceInvestmentsMutual FundsStock & SecuritiesTax Planning

How salaried employee lose tax benefits

Tax saving deductions are known to all but when and on what conditions they are withdrawn are known to few.To know about the conditions when tax benefits are withdrawn, read on. Life Insurance policy, long term capital gain, pension, housing loan principal and newly introduced Rajiv Gandhi Equity Savings Scheme are few of them which are available as deductions under various sections of The Income Tax Act, 1961 but the benefit is also withdrawn on non-fulfillment of certain conditions...

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