Income Tax

Filing an accurate income tax return and paying taxes on time is a necessary annual ritual that you need to undertake every year. However, you can also be the recipient of a pleasant surprise is the form of an income tax refund from the government! Sometimes, due to lack of knowledge, oversight or time, we could make errors on our income tax return and pay more tax than is due.  This can be quickly rectified. How to apply for an income tax refund If you h

What is income tax status? The amount you have to pay in income tax is determined by your tax return status which, in turn, is determined by your residential status. It is important to check your income tax status when filing your income tax return. There are 2 broad categories of residential status based on which tax is levied:1. Resident         - Ordinary resident