Category Archives: ITR Filling

What documentation should chemists maintain to support their ITR filing?

ITR filing for chemists   The documentation that a chemist should maintain to support their ITR filing for chemists depends on the specific circumstances of the chemist. There are some common documents that may be required include: 1. Business income and expenses: This includes documents such as invoices, receipts, and bank statements. 2. Salary income:… Read More »

Are there any tax exemptions available for Doctors based on their income level?

Tax Exemptions for Doctors   Yes, there are some tax exemptions available for doctors based on their income level. These include: 1. Standard deduction: The standard deduction is a fixed amount that can be deducted from your taxable income. The standard deduction for doctors is Rs. 50,000 for the financial year 2022-23. 2. Medical expenses… Read More »