The proposed amendment in the Budget 2025 lowers the TDS threshold for rental income from ₹2,40,000 per year to ₹50,000 per ...

Both Tax-Saving Fixed Deposits (FDs) from banks and the Post Office 5-Year Time Deposit provide secure investment options ...

Declare this additional income to the employer and request for additional TDS deduction before March 31.

Tax Deduction at Source on Payments to Partners. I. Executive Summary. Section 194T of the Income Tax Act, 1961, effective fr ...

Missing advance tax deadlines can lead to unnecessary interest charges. A simple declaration to your employer can help ...

TDS at a rate of 5% will only be withheld starting on April 1, 2025, if the total amount of insurance commission paid to an ...

The reduction in TDS on rent from 5% to 2% is a welcome relief, but it has also led to confusion regarding its applicability. To avoid errors, taxpayers must ensure they deduct TDS @ 2% for the entire ...

Life insurance is an essential financial tool that provides security while helping you plan for the family’s future. The ...

As the financial year 2024-25 nears its end, taxpayers must focus on important tax-related documents, including the Income ...

Employers deduct TDS under Section 192B of the Income Tax Act, 1961. To adjust for additional income, you need to submit a simple declaration under Section 26B of the Income Tax Rules, 1962.

Finance Minister Nirmala Sitharaman introduced a Budget that is favourable to the middle class, introducing a range of tax ...

Income tax rules require taxpayers to submit advance tax if their overall tax liability for the financial year exceeds Rs ...