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Income Tax Calculator

Income Tax Calculator

Calculate your income tax well in advance, so that you have time to check, file and get refund on time.

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Income Tax Dates

Income Tax Date

April 17, 2012 is date for US tax filing. Know more dates about tax filing, tax filing extension, late filing.

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Permanent Account Number

Income Tax form

Know the purpose of various forms. Get familar with these forms purpose. File by paper or online

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Income Tax Deductions

Income Tax Deductions

Deduction is the word - everyone likes only at time of calculating tax. Know what deductions apply to you.

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Cities - Bihar


House & property tax in India

Everyone has a dream to own a house for himself, so making a home or owning a home is one of the most important events in one's life. It is a kind of investment and it will pay when you need money and when you are in a problem. As you know the price of property is growing day by day and selling of a good house becomes the hot sale for the property dealers. In today's market, every one wants to have own house or property, which gives return in future when the rates become much higher than what have you paid at the time of buying property. In present time great deals are there in the real estate market so you should choose the best deal for yourself for the sake of investment, and they are specially meant for the buyers. Most of the times, people fail to see the tax benefits on the purchase of your home.

Every one has his own reasons to buy the homes, some have to buy the home and put that for the rental purpose, some save this as investment purpose and few of them buy homes as they want to start their family. One reason to own a house is that you can save your money which you have to pay for the renting purpose. When you pay amount for the purchase of the house then that money considered to be as your principal balance of the loan. The interest of the principal balance will not come back in cash but it will benefit you in another way which is as the same as the money back offer. If your loan amount is below one million dollar then it can cancel the taxes which you have to pay every year. This is detachable of the centralized taxes which you pay on your salaries every year.

This means that you will not get the money back in cash when you get the tax returns but it means that it is a deductible amount from your taxable income you earned. It becomes a great advantage to the persons who want to buy their own home as they are free from paying any kind of rents on a home, other benefits is of getting easy loans for the first time home buyers. The government has made provisions for those who are going to buy the home for the first time for themselves to give them ten thousand dollars.

It is very necessary to understand that when you make money then you have to spend at least some amount of money for the purpose of paying interest for the home loans. It is automatically deducted from your salary so that you can consider it as if you never earned that amount ever. This is an ideal way to save your precious money by paying home loan interest or tax; otherwise your money will be deducted in an income tax. For more information, you can get in touch with the tax consultant.