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Bharatiya Janata Party releases first list of candidates for Delhi Assembly polls, fields Parvesh Sahib Singh Verma against Kejriwal | Firecracker unit explosion in Tamil Nadu's Virudhunagar kills 6 | Body of independent journalist, who went missing on Jan 1, found in a septic tank in Chhattisgarh | Delhi: 14-year-old student stabbed to death outside school after brawl with classmate | Rohit Sharma confirms he is not retiring amid speculations after skipping Sydney Test | India objects to China's 'new counties' announcement, says parts of these come under Ladakh | No cause for alarm over HMPV virus spread in China: Indian Health Agency | PM Modi gives a call for change in Delhi launching fierce attack on Arvind Kejriwal's AAP | Quran open to passage glorifying violence, bomb-making materials tracked in New Orleans attacker Shamshud-Din Jabbar's home | Jasprit Bumrah leads India in series decider after Rohit Sharma opts to rest in Sydney Test amid poor show with willow
Different Income Heads Taxable Under the Income Tax Act

Different Income Heads Taxable Under the Income Tax Act

Jan 04, 2019, at 11:42 am

There are five different heads on income described under the Income Tax Act 1961, which cover every taxable source of income in India and help consolidate them. At the end of each year, you have to classify your annual earnings under these heads and calculate the amount of tax payable by you.

Here's Why You Should Estimate Your Income Tax Liability for The A.Y. 2018-19

Here's Why You Should Estimate Your Income Tax Liability for The A.Y. 2018-19

Apr 09, 2018, at 05:20 pm

Who wants to pay the taxman? Although the tax money will lead to better social and public-sector facilities, no one wants to pay an additional penny towards the tax. Going by the logic that the government taxes our income to direct funds for infrastructure development of the country, we should ideally pay tax.   Therefore, we discuss in detail the income tax liability of every salaried individual.