If you earn income in more than one country, you might worry about paying tax twice on the same money. This is where the avoidance of double taxation idea finds application. Clear guidelines and policies set by the Indian government help to guard you against such circumstances. Let us clarify this simply here. Double taxation: what is it? Double taxation results from your earning income abroad. Defining Avoidance of Double Taxation Double Taxation Avoidance Agreements (DTAAs) help India to address this issue. These tax treaties India signed with other nations. The goal is rather basic: 👉 to guarantee taxpayers are…
Author: Anurag Singh
Every investor considers capital gains tax as they sell real estate, stocks, or other assets. You did know, though, there are strategies to avoid paying taxes on this profit? One such advantage is the 7-year capital gains tax exemption, a less-known but practical choice for particular circumstances. Let us dissect it simply here. Capital Gains Tax: Definition Capital gain is the profit from selling an asset—such as stocks or real estate—for more than you paid for it. Under what the government taxes this gain under? Now, under some circumstances, you can save tax on this gain—and one of them involves…
If your monthly salary is ₹50,000, you should be aware of the possible income tax you could have to pay. Knowing your tax for ₹50,000 salary per month facilitates better financial planning and budgeting. Allow us to dissect it straightforwardly and precisely. Should your monthly salary be ₹50,000, ₹50,000 × 12 months equals ₹6,00,000 annually. Before any deductions, your gross yearly pay is this. Calculation of Taxes (Old Regime) You can claim deductions like: Calculation:₹6,00,000 – ₹50,000 – ₹1,50,000 = ₹4,00,000 Let us thus apply the income tax slabs: But since you qualify for Section 87A rebates (up to ₹12,500),…
Changing the financial year, taxpayers always look forward to revised benefits. Standard deductions 2025 is one of the most popular and helpful advantages. Whether you are a pensioner or salaried, this deduction easily reduces your taxable income. Standard Deductions 2025: A standard deduction is a flat sum taken from your overall income prior to tax computation. If you qualify, it is given automatically; you do not have to send any bills or documentation.The standard deductions 2025 remain: Both the old and new tax systems let this deduction (from Budget 2023 forward). Who Has Claimed It? Falling under these categories will…
Are you getting dividends as well as pay? You then might be curious about your actual tax payment amount. Your net income can be calculated and your total tax estimated using a salary and dividend calculator. For wise financial planning, this is a basic instrument. Define a Salary and Dividend Calculator A salary and dividend calculator helps you calculate: Salaried individuals who also benefit from stocks or mutual funds will find it helpful. Why Would One Use a Dividend and Salary Calculator? How It Works: Easy Action Guide Example Assuming your annual pay is ₹8,00,000Your dividend income is ₹50,000.You assert…
Good financial planning requires your knowledge of your pay and the deductions taken from it. A PAYE salary calculator shows your in-hand pay following taxes and other deductions. Explain a payroll equivalent salary calculator By considering your gross pay before deductions, an online tool known as a PAYE (Pay As You Earn) salary calculator produces your net pay. Including your pay data lets the calculator project your take-home pay. Making use of a PAYE Salary Calculator: Benefits of running a PAYE Salary Calculator Regarding Last Notes Using a PAYE salary calculator helps you clearly see your income and deductions, guiding…
Should you be making money from stock or mutual fund dividends, you might be wondering how much tax you should pay. One can find this simple with a dividends tax calculator. Based on the most recent guidelines, it rapidly displays on your dividend income the tax amount. Dividend income is: Dividend is what your mutual fund or share investments yield. Businesses grant it from their earnings to their owners. It’s a common approach to generate side money. Is Indian dividend income taxable? Definitely yes. Dividend income is totally taxable in the hands of the investor starting in April 2020. Companies…
Not everyone gets House Rent Allowance (HRA) from their employer. Should you live in a rented house and not get HRA, not to panic; you can still save tax with 80 GG income tax benefits. Let’s learn about it and who can make claims. 80 GG Income Tax Deductiveness: Section 80 GG income tax lets you deduct rent paid provided: For whom can one claim this deduction? Claiming 80 GG income tax benefits requires: Under 80 GG Income Tax, How Much Can You Claim? Of the following, the deduction you could be entitled for is the lowest: Allow me to…
Since cryptocurrencies are always changing, fresh projects with interesting ideas join the market annually. This is the right moment to grasp the trends, hazards, and opportunities if you wish to invest in the new cryptocurrency 2025. Why Research Novel Blockchain Technologies? What Defines a Decent New Cryptocurrency for 2025? Before investing in any new crypto, ask these simple questions: Prospective Patterns in 2025 Here are some typical themes, even if the precise names of all new cryptocurrency 2025 projects are yet unknown: Alert: Things to Look Out For Regarding Fake Projects Not every newly invented coin is reliable. Guard yourself…
Making sensible purchases of cryptocurrencies can be a wise move. Here are some of the best cryptocurrency to invest 2025 that have great potential. BTC, the Bitcoin Right now: $88,283Market cap: $1.72 trillionStill driving the crypto scene is Bitcoin. Its limited availability and general popularity make it a consistent choice for long-term investment. Ethereum, or ETH Right now: $1,571.20Market cap: 196.2 billion dollars.Known for its smart contract features, Ethereum forms the basis for many distributed apps. Its ongoing improvements aim to raise scalability and reduce costs. Binance Coin, or BNB Present price: $600.54Market capitalization: 84.7 billion dollars.Binance is the native…
