Tax Payment Guide

Step by step Guide:

When do I need to pay the taxes?

A tax payer will not be able to pay their returns until they clear out their tax due, all in full. A lot of times you will find some payable amount of tax during the time of return filing. You are required to pay the income tax online. This allows for successful filing of returns online later on too. In case you’ve delayed your tax payment post 31st of March, you will then have to complete the payment of interest under 234B and 234C.

For individuals, the normal date of payment of advanced tax for the financial year 2016-2017 is as follows:

On or before 15th of June for up to 15% of tax.
On or before 15th of September for up to 45%.
On or before 15th of December for up to 75%.
On or before 15th of March for up to 100%.

How to calculate your advanced taxes?

The following procedure demonstrates the right method to calculate the right amount of advanced tax that you are liable to pay. You are liable to pay income tax in advance if you have dues exceeding 10,000 INR. Typically, the income tax returns are taken care of through the appropriate TDS returns filing done through the employer of a salaried person.

The steps to calculate your tax dues are:

Determine your total income
Freelancers are required to deduct their expenses
Deduction allowances
Calculate tax due on total income based on slabs provided.
Ensure that you have cleared your tax dues as per the provided tax installments given below. Any miscalculation may cause you file your returns once again which is a very long and hectic procedure that you want to avoid.

How to pay income tax?

It is very easy to pay your income tax. Simply follow the steps described below and pay your taxes on the go without any issue whatsoever.

Challan 280: Visit the government’s tax department website. Download and fill the Challan 280.
Fill out all of your personal information or details as asked. A piece of advice; for individual people filling out tax, ensure to fill the assessment year very carefully.
Cross check all the information that you’ve filled and you click submit. You will then be redirected to the payment gateway portal for payment of the taxes.
Once the payment is done, verify the same on the receipt as well.

Income Tax Attorney – Guides In All Disputes Related To Income Tax

When you are in need of professional help to settle income tax returns related disputes, you must hire an income tax attorney. Had related procedures, paperwork, legal actions and formalities been uncomplicated, then tax payers would cover up the entire process by themselves. Moreover, income tax payment marks significant aspect of payers’ finances, therefore, issues and legal procedures related to this require close attention. Giving close attention is the main job of income lawyers, whether for filing tax returns or representing clients during court trials. Online portals consisting of different attorneys are shortcut path to get income tax attorneys through just a few clicks on your mouse.

Why Is It Important To Hire Income Tax Attorneys?

An income tax attorney provides legal advice on the income limit and the amount of income that is payable. These legal representatives are well equipped with the knowledge, work experience and expertise to guide their clients on the processes of calculating deductions on the income tax. They also guide clients in obtaining rebates for certain dues. These professionals also take over the task of filing their clients’ returns in proper manner.

Now, paying of dues does not end the entire procedure. After a payer paid his/her income tax, he is needed to file a return. Filing returns helps payers to check whether he/she has paid the right amount of tax or whether it was calculated on less or more amount than required. You hire a helping hand of a levy attorney to help you in work ranging from paying of dues to filing returns. These attorneys will show you ways of making correct payment, which in future, will save you from charges with levy evasion. They will also guide you on applying for a refund, if you have paid an excess amount.

Get Special Benefits Of Income Tax Returns With A Tax Attorney

Most of us remain unaware of special benefits associated with the specific laws. There are some special benefits which get accumulated through exemption. People like senior citizens, self employed people such as contractors, consultants, freelancers etc, are liable to pay self employment tax in conjunction with regular income tax. By consulting an lawyer, you can take advantage of levy exemptions and credits that are due to this class of levy payers. Besides suggesting correct measures of returns, these legal representatives also fight for their clients when they are charged with frauds, tax evasion or other criminal proceedings.

The Google AdSense Payment Guide

Wish to set up an account with Google AdSense or confused and thinking hard about it? When your check arrives, check out this Google AdSense payment guide. This guide contains all the requisite information that you need to know, including the payment cycle of AdSense.

To start with, you need to set up an account with AdSense. Fill the online form, provide your personal information, furnish all tax details, select a mode of payment, enter PVN (phone verification number) and PIN (personal identification number). After furnishing these details, your account gets set up in Google AdSense.

When you generate an unpaid income of $100, Google sends you the payment check. For instance, if your entire unpaid income reaches $100 in January and you have furnished all the details as mentioned above, then you get a payment check in February end.

However, if your unpaid income has not touched the $100 mark, whatever earnings you have generated gets rollover to subsequent month. The amount accrues until total earnings reach $100. After this, you will receive the payment within 30 days.

How to Track the Income:

You can easily track your AdSense performance and income through the reports tab present in your account. This tab has, two more sub tabs, overview reports and advanced reports. To get general information of your income, refer to the overview tab. If you want comprehensive details of your account, go through advanced tabs.

To check previous records of the payment, refer to payment history. Now, click the link that reads out earning details. Check this link to know about payment details of each month. However, your name appears on the link only after you receive the first payment.

You can also view exchange rate to convert the payment in your local currency and check whether you have received the payments accordingly.

How to Calculate the Earnings:

At the last day of each month, Google AdSense system identifies your account and checks for generated amount, which has to be at least $100. Now, if your account contains $100 or may be more than that, the account is sent for verification and approval. Within few days of the subsequent month, the system sends you all details, which you can view by checking the history page.

Earning Issues:

After few days, the system processes your income and sends your payment, depending on the mode of payment you have chosen. If you do not receive this payment within 30 days or until 25th of next month, you will need to apply for reissue.

How to Hold the Payments:

If you do not wish to receive your check the other month, opt for payment holding. Here you just need to set up a self-hold in AdSense account. Although, you will not receive the unpaid income, the system accrues your earlier earnings. However, if you want to hold your account, you need to make the changes before 15th of the ongoing month. Thus, you can keep a track of your Google AdSense payments