Browsing category
Income tax category offers the audience with complete knowledge of income tax provisions and tax rates in India. Visit here for the latest and trending income tax news, articles, blog and amendments of IT.
Many websites are providing links to free download income tax return filing software for people looking for a free trial. However, after clicking these links, users often receive a software purchase form instead of access to the demo. Here we are going to describe the free income tax e-filing software procedure for FY 2023-24. If […]
The Prime Minister of India, Shri Narendra Modi announced some visionary goals to enhance the Startup ecosystem in the country. Promoting the Startup ideology, the PM brought up the Startup India initiative. The initiative is proposed to fulfil the needs of struggling entrepreneurs and encourage them to work in a more feasible manner. Notedly, the […]
If you are a salaried person, you must have got your Form 16 from your employer If the total income is more than Rs 5 lakh one has to mandatory go for e-filing. Also, refund of taxes becomes much faster when you opt for e-filing. These days one has various options through which he/she can […]
What is the Advance Tax? Advance Tax is a part of your taxes that is to be paid before the end of the financial year. It should be paid in the year in which the income is received. That is why it is also known as the pay-as-you-earn scheme. Submit Query for Advance Income Tax […]
EPF is a retirement benefits scheme in which both Employee and Employer, make a contribution to the Employee’s PF account. It is mandatory for every company with more than 20 employees to get itself registered with EPFO (Employees Provident Fund Organisation of India), so chances are quite high that almost every salaried person has faced problems […]
The Budget 2016 has introduced a new cess named as Krishi Kalyan Cess, which is applicable from June 1, 2016 at the rate of 0.5% on all the taxable services. With the imposition of this cess, the new effective Service Tax would henceforth be 15%. With the addition of KKC, all DTH, credit and debit […]
As we know that the time of e-filing ITR is running so every taxpayer must remember income tax return filing due dates to avoid penalties under the Income Tax Act, of 1961. In this post, you can check out all due dates compulsory for FY 2023-24 (AY 2024-25). The practising CA, CS and tax professionals […]
Form 16 is a TDS certificate, which is given by employers to employees certifying that TDS has been deducted from their salary. According to the tax rules of India, every employer must deduct a certain amount of salary as TDS at an average rate of income tax. The basic funda is if your net earnings are […]
An education loan is considered not only a fund for higher studies but also plays a vital role in saving tax. As you all know, saving tax is like saving money. By this deduction, the amount of your earnings, which is subject to tax, gets reduced, ergo, reduces the amount of tax that you are […]