Income Tax Knowledge Archives - H&R Block| Blog

Income Tax Knowledge

August 3, 2017
Tax Friendly CTC for employees

How to design a Tax Friendly CTC for employees

Every year there is appraisal season in all companies and employees are rewarded for their hard work and good performances. Some people switch jobs for change in work profiles and higher pay packages. In either case you must pay attention to the compensation structure being […]
May 16, 2017

Document Checklist for Salaried Personnel Filing Taxes!

Tax filing is an intimidating task for many tax filers due to lack of clarity in the documentation involved. One of the most common questions troubling a salaried tax filer is to find out the documents needed to file Income Tax Return. If you are […]
December 28, 2016

Five New Year Tax Resolutions You Ought to Make

New Year, new goals, a fresh breeze of change blowing through! Well, it is the right time to promptly correct behaviour which is causing harm and replacing them with those which would go a long way in ensuring happiness and well-being. The year 2016 witnessed […]
October 13, 2016
national saving scheme

Tax Benefits Linked National Saving Certificate (NSC)

National Savings Certificate or NSC is a popular investment tool among government driven small savings schemes. It is also one of the lucrative investment options for availing income tax deductions u/s 80C. There are multiple benefits of making investment in NSC. Let’s have a look […]
October 7, 2016
Income Declaration Scheme

Income Declaration Scheme Ends! What Next?

Income Declaration Scheme (IDS) which lasted for 4 months has finally come to an end. Although the scheme was plagued by a slow beginning, it picked up in the end and drove more than 65,000 declarants to disclose approximately Rs. 75,000 crores of black money. […]
October 5, 2016
Tax planning lessons

The Nine Rasas of Tax Planning

It is Navratri and the air is ripe with spiritual chants and prayers for the Adi Shakti, the supreme goddess who is the centre for energy of the entire universe. It is a period that can be associated with penance, with purification of the soul […]
September 28, 2016

Last Month of Income Declaration Scheme – Why Should You Avail Income Declaration Scheme?

The Income Declaration Scheme offers tax evaders an opportunity to disclose their unaccounted assets or income. The scheme allows them to rectify their tax errors by paying the applicable taxes, surcharge, and penalty amounting to 45% of overall undisclosed income and start afresh. Since, the […]
September 16, 2016
Education Tax Benefits

Education and Taxes – Dual Benefits!

Education holds great value and importance in our life. Education promotes rational thinking and intellectual freedom. It improves our way of interaction with the world and our understanding of it. However, recently we are witnessing a rapid surge in education costs. Affordable education is increasingly […]
September 14, 2016
Advance Tax Due Date

Did You Know That Your Advance Tax Payment Is Due On 15th September – By Tax Toto

Hello my dear friends! Your friend Tax Toto is back as promised to tell you more interesting things about taxes. What shall we talk about today? I think the time is right to talk about Advance Tax. Did you know that if you have taxable […]