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Make Informed Decisions: Key Factors for Salaried Employees in Goa and Pune to Consider When Choosing the Income Tax Regime
As the financial year comes to a close, salaried employees in Goa and Pune must make a well-informed decision regarding the selection of their tax regime.
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In 2023, tax payers need to be aware of this
In 2023, tax payers need to be aware of certain changes and updates when filing their Income Tax Return (ITR). Staying informed about these changes is crucial to ensure accurate filing and maximize available benefits and deductions.
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No need to do Tax saving Investment under section 80 C when your income is above 15 Lakh.
It is very clear above that when you calculate your tax under New tax regime, even if the investment under section 80C is Zero, one ends up paying less tax as compared to the same income and tax calculation under old tax regime with an investment under the section 80C.
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Form24
Every year we encounter difficulties while calculating tax for the salaried staff of our organization. With our experience of over 18 years and having been associated with most of the departments of Goa Government, this year we have put together format of Form 24. As there are two tax regimes, calculation of tax under each…
Ponda, Goa, India
9:30AM – 6PM
enquiry@camanisha.com
Recent Posts
- Last chance to correct old TDS returns before 31st March 2026.
- Only in Goa: ₹24 Lakhs Income… and Still Zero Tax? Here’s How.There’s a powerful tax advantage available only to Goan married couples — thanks to Section 5A of the Income-tax Act, 1961.Under Goa’s community of property system, income (other than salary) earned by a married person is automatically split 50:50 between spouses.Example:Husband earns ₹24 lakhs business income.Spouse is a homemaker.1. Income gets divided: ₹12 lakhs each.2. Tax computed separately in both hands.If structured correctly under the applicable tax regime, this can significantly reduce — and in certain cases eliminate — tax liability& due to separate slab benefits and rebate eligibility.In simple words:A homemaker in Goa can become the biggest tax planner in the family.A unique provision.#Goa #Section5A #IncomeTax #TaxPlanning #CharteredAccountant
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