Form 16/16A issue date FY 2022-2023 (AY 2023-24): Salaried taxpayers usually file their Income Tax Returns (ITRs) based on Form…
New Tax Regime for Senior Citizens: Through Finance Act 2023, the Government has changed income tax rates under the New…
Form 15G/H submission on WhatsApp: Union Bank of India has enabled its customers to submit their Form 15G/H through WhatsApp…
The interest earned on Post Office MIS & SCSS accounts are taxable.
Chances of fresh cases both by tax department as well as taxpayers high
House Rent Allowance (HRA) Calculation 2023: Salaried employees living in rented accommodation can claim HRA exemption against the rent paid…
Transaction value in many cases of foreign capital infusion also under lens
Capital Gain Tax News Today: A report on Tuesday claimed that the Government is considering an increase in capital gains…
There are more chances of scrutiny for ITRs filed after the due date
e-filing ITR start date 2023 (AY 2023-24): The Income Tax Return (ITR) e-filing for Assessment Year 2023-24 (FY 2022-23) is…
If you have a salary above Rs 20 lakhs, it is important to plan your taxes effectively to maximize your…
Which tax regime is best? it is necessary for employees to intimate their tax regime choice to employers, failing which…
Salaried employees are required to intimate their employers about the tax regime they want to opt for FY 2023-24.
How to choose tax regime for FY 2023-24: Selecting the best option between old and new tax regimes is proving…
New Tax Regime Vs Old Tax Regime selection: Salaried taxpayers now have to declare their choice of tax regime to…
In the hands of government employees, gratuity and PF receipts on retirement are exempt from tax.
CBDT clarification on TDS deduction for salaried employees: If an employee doesn’t intimate his/her choice of tax regime then employer…
While being self-employed provides one the flexibility in working, the tax aspects become slightly complex when compared with a salaried…