by Lxmecommunity on Oct 21, 2022
368 members
631 posts
A community of women that help you 1. Learn the basics about investing2. Earn money from home3. Invest in the right tools4. Borrow from the right sources 5. Spend wisely - using golden budgeting tips
I am have a home business and I am earning monthly around 50k. Do I have to file a IT Return? can someone tell me how to go about this?.
2
Answer
M
277d
・answered 277 days ago
Hey! > There are 2 different tax regimes such as old tax regime and new tax regime > In the new tax regime one has to pay no taxation if his or her income is less than Rs.7 lakh while in the old tax regime, one has to pay no taxation if his or her income is less than 5 lakhs. > Besides, in the old tax regime you can claim tax deductions under various sections by investing in various tax-deductible investment instruments or if you have home loan, etc. > So, you need to assess and calculate your income tax under both regimes and check which tax regimes will be beneficial to you. > Ideally as your income is below 7 lakh (50k*12= 6 Lakh) then you can opt for new tax regime as you’ll have to pay no tax in the same regime. > However, before choosing the tax regime you should calculate their income tax in both tax regimes and choose whichever is beneficial. Hope this helps!! If you have any further questions do let us know we’ll be happy to answer:)
0
Comment
M
277d
・answered 277 days ago
You can register for the session to know more about Tax filing and savings: https://lxme.onelink.me/95JV/taxfilingsession4
0
Comment
Trending Creators
S
Eating Disorders
Eating Disorders
Eating Disorders
Eating Disorders
Eating Disorders
K
Eating Disorders
V
Eating Disorders
s
Eating Disorders
S
Eating Disorders
Eating Disorders
Load more
Trending Communities
Work from home
Work from home
Counselling
NB
Work from home
Counselling
Work from home
Counselling
WF
Work from home
Counselling
Counselling
Load more
More Questions Like This
Top discussionmaam meri job kab lagegi
Top discussionI want to change my job before Dec end. will I be able to get selected in well know company with good package.
Top discussionWant to discover clever ways to turn your skills into cash?
Top discussionmera job kab tak me lagega
Popular opinionmeri naukari kab tak lagegi
Top discussionmy business problems
Popular opinionwhat to do when in dilemma to quit or not quit your job.
Top discussionWhat is the biggest reason people don’t start their own dream business? Reply in one word. Let’s see what holds people back
Popular opinionI need work from home. I'm Vanashree. housewife. anyone please help me
Top discussionhlo sir and ma'am mujhe apne work profile se related puchna h jo kaam mai is time kr rhii hu mujhe usme profit hoga yaah nhii
Trending creators for you
See AllI'm women empowerment coach and business automation expert in digital network. *NEVER EVER HAPPENED* 😱 WE ARE PROVIDING HIGH QUALITY DIGITAL MARKETING COURSE 👌👌 ALONG WITH EARNING PLATFORM👏👏 AND MANY MORE HIGH PAYING SKILLS 👌👌TO HIT YOUR SIX FIGURE INCOME 📈 "Become a Digital Marketing Pro!😎 🌟 Transform Your Skills with Our Advanced Digital Marketing Course 📈 Learn from Industry Experts and Get Ahead of the Competition 💼 Guaranteed Job Assistance | Practical Training | Certifications ⏳ Don’t Miss Out! Enroll Now and Start Your Journey to Success 🎓 Limited Time Offer: Get Early Bird Discounts!" . #digitalmarketing #internetmarketing #seocourse #adwordcourse #onlinedigitalmarketingcourse #socialmediamarketing #trendingcourses more
I am a Professional Tarot card reader, Violet flame Reiki Master teacher healer,Lama fera grandmaster,Grief Reiki and anti-depression Reiki healer..I connect with the divine to get guidance for you.There is a Divine's blessings in my life. I connect with White Tara ma🙏more
Hello, I’m Hema Mishra, a dedicated Counsellor with a Master's in Psychology and over a year of professional experience. My practice is grounded in empathy and understanding, providing a safe, non-judgmental space where you can openly explore your thoughts, emotions, and challenges. I specialize in helping individuals manage stress, anxiety, and personal growth, offering personalized guidance to foster mental and emotional well-being. Together, we’ll work to unlock your potential and create meaningful, lasting change in your life. I’m here to support you on your journey to wellness.more
Trending communities for you
See All1.8k
347something which people never talk about. movtivates the woman herein coto for life, career ..♥️more
Helping women to start up new businesses or assisting existing businesses. Bringing your future, today. more
WF
Working from home offers many benefits for women, including: 1. Flexibility: Remote work allows women to better balance their professional and personal lives. They can adapt their work schedules to accommodate family responsibilities and personal needs. 2. Increased Job Opportunities: Telecommuting expands the range of job opportunities available to women, as they can work for companies located anywhere in the world, overcoming geographical limitations. 3. Cost Savings: Working from home can lead to cost savings on commuting, work attire, and childcare, making it financially advantageous. 4. Reduced Commute Stress: Eliminating daily commutes reduces stress and gives women more time for themselves and their families. 5. Improved Work-Life Balance: Remote work often leads to a better work-life balance, enabling women to allocate more time to their families and personal interests. 6. Career Advancement: Women can continue to pursue their careers while managing household responsibilities, potentially leading to career advancement opportunities. 7. Enhanced Productivity: Many women find they are more productive when working from the comfort of their homes, with fewer workplace distractions. 8. Health Benefits: Remote work can improve mental and physical health by reducing exposure to workplace stressors and allowing for better self-care routines. However, it's important to note that successful remote work requires discipline, effective time management, and clear communication with employers and colleagues to maintain productivity and professional growth.more
369260Welcome to She Academy, a community dedicated to everything GenZ!Our community is a gathering place for young minds, specifically Generation Z, who are passionate about different couses, finance literacy, and anything GenZ. Whether you're a college student or young profrssional, you'll find a supportive environment here!!more
Being Married Is Being Independent Or Dependent. Can we change the thoughts. Working lady. Keeping the Moms and Dads together. "Own and In-laws ". Can we take this initiative to ask them to be together. I am doing that. and This is wonderful. it's tough but possible. And I am independent. Do you agree. ?..more