Employee Provident Fund (EPF) was earlier not subject to tax and was tax-free in the hands of the employee. When a contribution was made, the employee could claim an income tax deduction under section 80C of the Income Tax Act, 1961 against such contribution up to INR 1.5 lakhs. Employee Provident Fund (EPF) was not…
To ease the compliance burden, CBDT (Central Board of Direct Taxes) vide Circular No. 11 of 2021 dated 21st June 2021, has announced a new functionality that will help Tax Deductor / Collectors to determine ‘Specified Persons’ for higher deduction / collection of tax under the new provisions of Sections 206AB and 206CCA of the…
We are pleased to announce the release of TDSMAN (FY: 2024-25). Now you can prepare TDS Returns for all quarters of FY: 2023-24 and FY: 2024-25. It covers: All TDS/TCS Returns for FY: 2024-25 All TDS/TCS Returns for FY: 2023-24 Pending TDS/TCS Returns of earlier years, if any Rectification of TDS Defaults Multi-User Options Editions:…