ITR FY2021-22: Here’s how categorising income in these 5 heads can simplify filing tax return

July 24, 2021

New Delhi: Everyone who earns or gets an income in India is subject to income tax. For simpler classification, the Income-tax department breaks down income into five main heads. As per the income tax act 1961, one’s income is split into 5 classes — income from Salary, income from home property, income from business revenue, income from investments/capital belongings, and income from different sources. According to tax and funding specialists, an…

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EPFO Latest Interest Rates Slabs for 2020-21: Check Your Effective Rate

July 24, 2021

Employees’ Provident Fund Organisation (EPFO) on Monday wrote to members of its Central board of trustees (CBT) about the meeting scheduled on 4 March. Details and agenda for the meeting will be shared in the coming days, the EPFO head office said in the letter. The interest payout for 2019-20 was in the news for several reasons including delay in sale of equity and credit of interest, talks of paying…

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