TDS / TCS – Deposit & Filing of Returns TDS / TCS – deductions / collections during the course of the month needs to be…
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Category: Form 16
TDS / TCS Compliances Reminder for July 2025
7th July 2025 – Due date for TDS / TCS payment for deductions/collections during June 2025 15th July 2025 – Due date of filing TCS Return for Quarter 1 of Financial…
View More TDS / TCS Compliances Reminder for July 2025Old & New Tax Regime – Exemptions / Deductions (FY: 24-25)
A snapshot of the exemptions / deductions applicable for FY: 2024-25 (AY: 2025-26) under the Old & New Tax Regimes are summarized as under: Particulars…
View More Old & New Tax Regime – Exemptions / Deductions (FY: 24-25)Important resources – Form 24Q-Q4 (TDS on Salary)
With the Old & New Regime option given to employees for computing the income tax, it has become a tricky proposition even for the employers.…
View More Important resources – Form 24Q-Q4 (TDS on Salary)FY: 24-25 – Guide for income details of Employees – 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 FY: 24-25 – Guide for income details of Employees – Form 24Q-Q4Tax Rebate – Section 87A
Section 87A provides a tax rebate to resident individual taxpayers, reducing their income tax liability if their taxable income falls within a specified threshold. The…
View More Tax Rebate – Section 87ACBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March Quarter
The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025 on 20th February 2025, providing updated guidelines on Income-Tax Deduction from Salaries during…
View More CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March QuarterTDS / TCS Compliance Reminder for January 2025
7th January 2025 – Due date for TDS / TCS payment for deductions/collections during December 2024 15th January 2025 – Due date of filing TCS…
View More TDS / TCS Compliance Reminder for January 2025What is TRACES?
TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online platform provided by the Income Tax Department of India. It facilitates the following services…
View More What is TRACES?TDS / TCS Compliance Reminder for August 2024
7th August 2024 – Due date for TDS / TCS payment for deductions / collections during July 2024 15th August 2024 – Due date for issuing TDS…
View More TDS / TCS Compliance Reminder for August 2024