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5 Benefits Of Filing Income Tax Returns

BankBazaar

It’s income tax filing season. If you’re planning to give it a miss, here are 5 benefits of filing income tax returns that should help you change your mind. Now you can even ditch the paperwork and file your Income Tax returns online from start to finish.

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Quick Read: What Happens If You Fail to File ITR On Time

BankBazaar

If you missed the July 31 st deadline for income tax return filing, here’s what you need to know. The deadline for filing your income tax return for the assessment year 2022-23 was July 31 st , 2022. Benefits of Filing ITR on Time. lakh threshold of annual income.

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How To Claim Tax Break On An ELSS SIP While Switching Jobs

BankBazaar

Not only does a job switch present an opportunity for career advancement and diversifying your skill set, the rise in income will help you step up your investments in Mutual Funds , Fixed Deposits etc. As per tax rules, you should make investment declarations to both your employers – your previous as well as your current.

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Discover’s Payment Services Drive Network Volumes Up 9 Pct

PYMNTS

Total net revenues were up 5 percent year over year to $2.94 The company said in supplemental materials filed alongside its earnings report that payment services volume was $66 billion, up 9 percent versus the prior year. Proprietary volume was up 5 percent to $40.6 share and a “healthy return on equity” of 26 percent.

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How To Pre-Validate Your Bank Account For Claiming Tax Refund

BankBazaar

Starting this year, there is a slight tweak in the process of claiming your tax refund. From changes in ITR forms to making e-filing of IT returns mandatory, starting this year, the Income Tax department has introduced a slew of measures that will facilitate easy and hassle-free filing of IT returns for the average man.

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What to Do If You?re Claimed Wrongly as a Dependent on Someone Else?s Tax Return

MyBankTracker

Being claimed as a dependent on someone else’s tax return or claiming a dependent on your tax return can have a direct impact on the amount of your tax refund or the amount you owe. Two tax returns can’t both claim the same dependent even if they have different filing statuses.

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New Year, New Personal Finance Calendar

FirstInternet

It’s recommended to save at least 20% of your monthly income, but whether you save 5% or 25% depends on how you want to manage your money. In February, love is in the air – but so is your upcoming tax return, making it the perfect time to get organized. If you thought you were done with taxes, April Fools!

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