Rates of Tax Deducted at Source (TDS), TCS reduced: Will your income tax liability decrease? TDS/TCS rate cut impact on Income Tax liability: In a bid to provide relief amid Coronavirus pandemic, the Government of… Updated: May 18, 2020 11:26 IST
Old vs New Income Tax Regime: At which level of income should you switch regime? The tax liability and TDS would be different in the Old and New Income Tax Regime, depending on gross income… May 15, 2020 21:35 IST
TDS payment on rent, savings scheme, mutual funds to property: Here’s clarification by Modi govt Income Tax announcement by Finance Minister Nirmala Sitharaman: FM Makes big announcements under COVID-19 shadow Updated: May 14, 2020 19:46 IST
CBDT notification: Tax on dividend, rent, insurance, professional fee, property purchase cut by 25 per cent Tax deducted on payment of dividend, insurance policy, rent, professional fee and on the acquisition of immovable property has been… May 14, 2020 15:24 IST
TDS rate cut: More liquidity for investors, gain for those in lower tax bracket In her last Budget, Finance Minister Nirmala Sitharaman had removed the Dividend Distribution Tax (DDT) and made the dividend income… May 14, 2020 13:29 IST
Cut in TDS/TCS to ensure Rs 50,000-crore liquidity TDS is the second-largest component of total direct tax collection after advance tax, and accounted for nearly 38% of FY19… May 14, 2020 01:01 IST
TDS, TCS rates cut by 25% for these specified payments till March 31, 2021: Check details The reduced TDS and TCS rate will be for specific payments such as payment for a contract, professional fees, interest,… Updated: May 13, 2020 19:09 IST
Covid-19 Crisis: Will your tax liability go up with no reimbursement or salary getting deferred? Many components of tax optimized pay structure might not be suitable or justifiable, because of which people have to move… Updated: May 13, 2020 13:07 IST
Income Tax Alert for salaried! Higher TDS may be deducted if you fail to select tax regime on time To facilitate the employer to deduct tax at source (TDS) from salary, employees need to declare their tax-saving investments in… May 12, 2020 13:51 IST
Covid-19 Lockdown: Will travel restrictions result into additional tax payouts? Non Residents lose their NRI status if they stay in India for 182 days or more during a FY or… May 10, 2020 20:06 IST
Income Tax Exemption: Donation to Shree Ram Janambhoomi Teertha Kshetra in Ayodhya to get 80G benefit! The notification says that the Teerth Kshetra is a place of historic importance and a place of public worship of… Updated: May 9, 2020 12:53 IST
Beware! I-T department cautions people against phishing e-mails promising refund According to the latest data, between April 8 and 20, the department issued nearly 14 lakh refunds involving an amount… May 3, 2020 12:46 IST
Dividend Distribution Tax: Will abolished DDT benefit you if your income is high? The FM in her budget speech proposed to remove DDT and adopt the classical system wherein the dividend shall be… May 1, 2020 13:15 IST
Taxed by COVID-19: How travel restrictions may lead to increase in tax for individuals Inability to travel outside India has created uncertainty for individuals and their employers with specific reference to their residential status,… April 29, 2020 10:33 IST
Provident Fund Query: Contributing 100% of Basic Salary to VPF; Is it eligible for Section 80C deduction? VPF is the voluntary contribution by employees towards their provident fund account over and above the 12% contribution towards EPF. Updated: April 29, 2020 09:26 IST
Covid-19 Lockdown: With no reimbursement, get ready to pay more tax Aall the means of transport, entertainment etc are closed for general public due to the nationwide lockdown imposed to contain… Updated: April 27, 2020 13:57 IST
No Income Tax at 40% rate for those earning over Rs 1 crore! CBDT trashes IRS officials report A huge controversy erupted on Sunday after the report by IRS Official suggesting tax on super-rich to tackle coronavirus crisis… Updated: April 27, 2020 14:41 IST
COVID fight: Tax super rich, say IRS officials Among other measures, the report suggests that inheritance tax, which was abolished in 1985, should be brought back as this… April 27, 2020 06:15 IST
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