Introducing: Free Tax Comparison Tool for Salaried Employees
For most salaried individuals, tax planning starts with a familiar question: Should I stick with the Old Regime or shift to the New one? Both…
View More Introducing: Free Tax Comparison Tool for Salaried EmployeesImportant 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)Section 276B: Failing to remit Tax Deducted at Source (TDS)
Section 276B of the Income Tax Act, 1961, addresses the consequences for failing to remit Tax Deducted at Source (TDS) to the Central Government within…
View More Section 276B: Failing to remit Tax Deducted at Source (TDS)Computation of Income from House Property – Deduction of Interest u/s 24(b)
Income like rent on house property, annual value of property “deemed” to be let out are considered as income from House Property and is taxable…
View More Computation of Income from House Property – Deduction of Interest u/s 24(b)Standing Together, Standing Strong
In these challenging times, we extend our heartfelt gratitude to the brave men and women of the Indian Armed Forces, our leadership and every citizen…
View More Standing Together, Standing StrongSection 89(1) Relief on Salary Arrears and Salary in Advance
Relief is provided under section 89(1), if salary pertaining to another period is received in advance/ or in arrears during a financial year, leading to…
View More Section 89(1) Relief on Salary Arrears and Salary in AdvanceNew File Validation Utilities (FVUs) Version 9.1 & 2.187 released on 7th May, 2025
The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This version…
View More New File Validation Utilities (FVUs) Version 9.1 & 2.187 released on 7th May, 2025Section 192 – TDS on Salary
What is Salary? Salary include Wages, Annuity or Pension, Gratuity and others as per Section 17(i). It also includes Perquisites as per Section 17(ii) and…
View More Section 192 – TDS on SalaryTDS / TCS Compliances for May 2025
7th May 2025 – Due date for TDS / TCS payment for deductions / collections during April 2025 15th May – Due date of filing…
View More TDS / TCS Compliances for May 2025TDS / TCS Compliances Reminder for April & May 2025
7th April 2025 – Due date for TCS payment for collections during March 2025 30th April 2025 – Due date for TDS payment for deductions…
View More TDS / TCS Compliances Reminder for April & May 2025