Know the simple steps to pay Income tax with Credit card in India. Income Tax department has enabled the acceptance of Income Tax, Advance Tax or TDS through Credit card via online payment gateway at Income tax India efilling portal. The process is ...
File Income Tax Return by 31st July for the current financial year. If you have not filed ITR yet, then do it as soon as possible. According to tax experts, you should take some important precautions while filing ITR. Because if you make a mistake, ...
TDS on Cryptocurrency, VDA & NFTs Calculation - Government of India has introduced the 1% TDS on Indian resident who is transferring their virtual digital assets (VDA) or investment in cryptocurrencies, non-fungible tokens (NFTs), and other ...
Check Income Tax Calculation FY 2022-23 for salaried employees. Know the Income Tax rules for the taxation of all the components of CTC or the gross salary. The Salary components are mainly consists of :
1) Basic Pay
Basic pay is always fully ...
Know the steps to Calculate Tax on Share Dividends or Dividend Distribution Tax - In terms of the provisions of the Income-tax Act, 1961, ("the Act") as amended by the Finance Act, 2020, dividend paid or distributed by a Company on or after 1st ...
Steps to claim Tax exemption through LTA Voucher Scheme for FY 2020-21 on their Leave Travel Allowance (LTA) and Leave Fare Concession (LFC). This will be very useful in saving Income Tax for those with an LTA component in their salary especially ...
Know to Link PAN-Aadhaar For Income Tax Return - The last date to link Aadhaar with PAN card is 31 March 2021. Your PAN may be declared "inoperative" and useless if it is not linked with the Aadhaar by this date. If your PAN is not linked to your ...
Tips on tax Exemption for LTC - This year budget has given the window for the Employees to avail exemption for leave travel concession (LTC) of one-third of specified expenditure or ₹36,000 whichever is less, for the block of 2018-21.
Income Tax ...
How to File Form 10E - Steps to File Form 10E for Tax Relief on Salary Arrears - As a salaried individual, if you receive any advance salary or arrears, you may have to pay taxes on the total amount received. The Income Tax Department, however, ...
Steps to get the Tax Benefits on Personal Loan - Yes, it's correct. You can claim an Income Tax Benefit on interest paid on personal loan, used for home renovation under Section 24. Check out the details, rules and documents require to claim.
As ...
Know the rate of TDS application on cash withdrawal from the Bank account i.e. Current Account, Saving Account or Overdrafts. The TDS is applicable on various slabs of transaction based on the cash withdrawal from the bank account. The law is ...
TCS Rate on Foreign Remittance & its Calculation - A Tax Collection at Source (TCS) of 5% was implemented from October 1st. This rate is for foreign tour packages; for, other foreign remittances including education loan, it will apply only for ...
