Vide Circular No. 6 / 2024 dated 23rd April 2024, relief has been provided for deduction / collection of tax at a higher rate for…
View More Relief for Tax Deductors / Collectors – for inoperative PANsMonth: April 2024
New Regime vs Old Regime – which is better?
In a nutshell and quite obvious, one should opt for the regime where the tax liability is lower. Determination of tax liability Following factors are…
View More New Regime vs Old Regime – which is better?New Regime vs Old Regime – which is better?
In a nutshell and quite obvious, one should opt for the regime where the tax liability is lower. Determination of tax liability Following factors are…
View More New Regime vs Old Regime – which is better?Tax on Salary Income – Old Regime vs New Regime
As it seems evident, gradually the ‘Old Regime’ for computing income tax is being phased out, from FY:23-24, each tax payer has been placed in…
View More Tax on Salary Income – Old Regime vs New RegimeSalary Income – Calculation of Tax – Old Regime vs New Regime
As it seems evident, gradually the ‘Old Regime’ for computing income tax is being phased out, from FY:23-24, each tax payer has been placed in…
View More Salary Income – Calculation of Tax – Old Regime vs New RegimeNew File Validation Utilities (FVUs) Version 8.6 & 2.182 released on 19th April, 2024
In this updated version changes have an impact only in Form 24Q (Annexure II) where the tax computation of each employee needs to be reported…
View More New File Validation Utilities (FVUs) Version 8.6 & 2.182 released on 19th April, 2024Simple guide for ‘Employee’ income details – Form 24Q-Q4
It is mandatory to provide tax computation of each employee while filing the TDS Return on Salary for Quarter 4 as per the format of…
View More Simple guide for ‘Employee’ income details – Form 24Q-Q4Old & New Tax Regime – Exemptions / Deductions (FY: 23-24)
A snapshot of the exemptions / deductions applicable for FY: 2023-24 (AY: 2024-25) under the Old & New Tax Regimes are summarized as under: Particulars…
View More Old & New Tax Regime – Exemptions / Deductions (FY: 23-24)TDS / TCS Compliances Reminder for April 2024
7th April 2024 – Due date for TCS payment on collections made during March 2024 30th April 2024 – Due date for TDS payments on deductions made…
View More TDS / TCS Compliances Reminder for April 2024
TDS / TCS Rate Chart FY: 2024-25 (AY: 2025-26)
TDS RATE CHART FY: 2024-25 (AY: 2025-26) Section Nature of Payment Threshold Indv / HUF Others Rs. TDS Rate (%) 192 Salaries – Slab Rate…
View More TDS / TCS Rate Chart FY: 2024-25 (AY: 2025-26)