Taxability of Salary and Other Income for Seafarers
Proposed changes for Seafarers in Budget,2025 Net Income Range FY 2025-26 (AY 2026-27) Upto Rs. 4,00,000 NIL From Rs. 4,00,001 to Rs. 8,00,000 5% From Rs. 8,00,001 to Rs.12,00,000 10% From Rs. 12,00,001 to Rs. 16,00,000 15% From Rs. 16,00,001 to Rs. 20,00,000 20% From Rs. 20,00,001 to Rs. 24,00,000 25% Above Rs. 24,00,000 30% […]
Income Tax Guide 2025 (FY 24-25) for Indian Seafarer (Merchant Navy)
Proposed changes for Seafarers in Budget,2025 Net Income Range FY 2025-26 (AY 2026-27) Upto Rs. 4,00,000 NIL From Rs. 4,00,001 to Rs. 8,00,000 5% From Rs. 8,00,001 to Rs.12,00,000 10% From Rs. 12,00,001 to Rs. 16,00,000 15% From Rs. 16,00,001 to Rs. 20,00,000 20% From Rs. 20,00,001 to Rs. 24,00,000 25% Above Rs. 24,00,000 30% […]
Filing Income Tax Return (ITR) for Seafarer
Proposed changes for Seafarers in Budget,2025 Net Income Range FY 2025-26 (AY 2026-27) Upto Rs. 4,00,000 NIL From Rs. 4,00,001 to Rs. 8,00,000 5% From Rs. 8,00,001 to Rs.12,00,000 10% From Rs. 12,00,001 to Rs. 16,00,000 15% From Rs. 16,00,001 to Rs. 20,00,000 20% From Rs. 20,00,001 to Rs. 24,00,000 25% Above Rs. 24,00,000 30% […]
Income Tax Slabs & Rates for FY 24-25 and FY 25-26
Resident & Non-Resident Individuals (all age group) under the New Tax Regime under section 115BAC for FY 2024-25 Net Income Range FY 2024-25(AY 2025-26) Upto Rs. 3,00,000 NIL From Rs. 3,00,001 to Rs. 6,00,000 5% From Rs. 6,00,001 to Rs.9,00,000 10% From Rs. 9,00,001 to Rs. 12,00,000 15% From Rs. 12,00,001 to Rs. 15,00,000 […]
How to Properly Prepare Documents for Your German Pension Refund: A Step-by-Step Guide
The German pension system is known for its strict regulations and procedures. Many expatriates and workers who have contributed to the German pension fund might be unaware of how to properly prepare documents for a German pension refund. However, with the right steps, you can easily navigate the process and claim your pension refund. In […]
Forbrukslån Kalkulator: Know your Debt-to-Income Ratio
Debt is a common part of modern financial life, whether it be for purchasing a home, funding education, or covering unexpected expenses. However, agreeing without a clear understanding of the financial commitment can lead to severe consequences. Knowing your current debt-to-income ratio is going to help you make more manageable payments each month. On the […]
Accounting for Ebay Sellers
Doing the books of accounts for an e-commerce seller is different from maintaining traditional books of accounts. It gets further complicated if the e-commerce seller is located outside India like Ebay, Etsy etc. The final books of accounts should match with the GST returns along with the running balance with the E-commerce operator. Generally, these […]
GST Compliances for Ebay Sellers
Mandatory Registration under GST for Ebay Sellers Ebay is an e-commerce company registered outside India. It doesn’t have any place of business in India. But Indian sellers can register themselves on this platform & can sell their products outside India & ship internationally. As Ebay sellers are located in India and are selling their product outside […]
RCM on Commission Charges to Ebay
Ebay Commission Charges For each fulfilled order Ebay charges commission from sellers. Now question arises whether GST under RCM is payable on such a commission as Import of service ? As per Section 2(11) of IGST Act, Import of service means supply of service where: – Now, we need to find out whether all the […]
7 Steps to File Your Income Tax Return Online In India
An Income Tax Return (ITR) is a form that enables the taxpayer to declare his income, expenses, tax deductions, investment, and taxes. There are a number of reasons why filing an income tax return becomes crucial for a taxpayer, such as carrying forward losses, claiming an income tax refund, or availing the VISA, etc. However, […]