TDS or Income Tax REFUND PROCESS IN INDIA After getting refund order in India, how many days that the govt will take to give the refund? Friend to know about this, you must know about the TDS refund process in INDIA and and also what is TDS? SO 1ST WE KNOW SORTLY WHAT IS TDS? In short TDS is a kind of advance income tax cutting plan of Govt. of India before you calculate actually you are liable for that or not. Friends will discuss about tds in future post if you comment as you want a post about tds or not.  2. TDS OR ADVANCE TAX REFUND PROCESS in India. 1st you have to submit your income tax declaration in ITR form, then that was Verified by Income Tax Department of India. After verifying they will process your return and after successful processing if it noticed that the IT(INCOME TAX) DEPARTMENT is liable to pay tax to you then then send the 2 notification, one treasurer of income tax and 2nd to you. After treasure get the notification the treasuring department

Though every income is part of your total income but when the question comes about total taxable income, yes every income is not a part of taxable income. Example of Income not comes in taxeble income:- a. Agriculture Income:- The income that comes from cultivation or agriculture dose not a part of taxable income. [Section 10(1)] b. Allowance or Perquisites :- If you are a salaried persion the then some portion of your allowance or perquisites are non taxeble u/s 10. (example: House Rent Allowance u/s 10(13B)) and also the portion of standard deduction is not comes in total taxeble income. Total list of Exempted  Income of Section 10 of Income Tax act are listed below in the Table c. LIC OR OTHER COMISSION INCOME:- You can Claim maximum 50 % of your income as expences so that 50% or the portion you claim can be a non taxeble income. d. LIC Mediclaim or Provident Fund or Children Education :- The portion of your income upto Rs. 1,50,000/- You can show as non tax

  LAST DATE OF IT FILE SUBMISSION WITH OUT PANALTY FOR THE A.Y. 2019-20        The l ast date to file your income tax return (ITR) for FY 2018-19. By filing your ITR on time, along with certain benefits such as carry forward of losses, you will also avoid paying late filing fees. If you file your ITR after the deadline you will have to pay late filing fees of up to Rs 10,000. Now, everyone has to file ITRs digitally except for super senior citizens (i.e., aged 80 years and above) who are allowed to file their ITR in paper format. From    Filling After July 31st every one has to give a penalty U/S 234F FROM RS .1000/- TO RS. 10,000/- Now, everyone has to file ITRs digitally except for super senior citizens (i.e., aged 80 years and above) who are allowed to file their ITR in paper format.  The Income-Tax department has now announced a few key changes that a taxpayer must know while filing their Income Tax Return (ITR). The department sent i

   WHO SHOULD FILE INCOME TAX RETURN ? According to income tax act it is mandetary for every individual if there income crossed Rs.2,50000 before giving any deduction. So if your income crossed Rs 2.5lakh then its mandatary for you. But if your annual income dose not crossed Rs 2.5 lakh then also you need to submit your income tax file , as filing of income return is an declaration to words central govt. about your annual return because if you start submitting income tax file before you enters tax slabs then in future if you purchase some luxury product like flat or car from your savings then income tax department dose not ask you about source of money though if they ask you then you can show them that documents as a proof of your income .