Best Ways to Save Your Taxes in 2024
We have a perception that the best ways to save taxes in India are just under Section 80C. However, that is not the case. There are various other ways to …
Income Tax
TDS Common Mistakes & Errors: A Detailed Guide By TaxHelpdesk
TDS common mistakes can be like stepping on hidden traps in the tax jungle – they’re easy to stumble upon and can ultimately lead to financial chaos. Tax Deducted at …
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Know About The Income Tax Slab Rates For FY 2023-24
The income tax slab for the Financial Year 2023-24 can help you understand how much tax you need to pay during the year. Having said that, just like every year, …
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Deductions under Section 80C & its allied sections
Section 80C and its allied sections allow a maximum deduction of up to Rs. 1.5 lacs every year from the taxpayer’s total income and an additional deduction amount of Rs. 50,000 can be claimed under Section 80CCD(1b).
All about Advance Tax under Income Tax Act
Advance tax, as the name suggests is the tax which is to be paid in advance by the assessee during each financial year. It is also known as ‘Pay as your Earn’ Tax and is different from the usual income tax. For paying this tax, the assessee has to estimate his income beforehand for the entire financial year and pay the tax accordingly. This Advance tax collection is to ensure that the government is able to collect taxes uniformly throughout the year.
All you need to understand about mutual fund taxation SIP
Mutual fund taxation is dependent on two factors namely: type of the mutual fund and duration of the mutual fund. There is a well-known proverb that the person should not …
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Know When Can You Withdraw Money From EPF?
Employees Provident Fund or EPF is savings cum retirement scheme for the salaried individuals. Under this scheme, contribution is made both by the employer and the employee. The amount contributed in EPF scheme is 12% of the salary (basic + dearness allowance). The amount invested over the years, along with specified interest, is paid out to an employee on his/her retirement.
Know the tax implications on sale of property
Sale of property: Tax Implications. Are you planning to sell your property anytime soon? Then, you must read this blog to know about the tax implications on the sale of …
Difference between TDS and TCS easily explained
TDS & TCS both are direct taxes that are taxed on the income which the person earns. Having stating that, both being the direct taxes often create confusions in the …
Comprehensive Guide on Consequences of non TDS Deduction Compliances
TDS deduction from income does not mean that TDS compliances have come to an end for a person. The persons are required to comply with compliances related to tax deduction …
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