Income Tax
Salaried Individual: Income Tax Allowance And Deductions Allowed
Income tax is levied by the government on the basis of the income of individuals, corporations, firms, and other legal entities. Individuals or organizations...
Income Tax
TDS on Fees for Professional or Technical Services under Section 194J
For professionals and individuals who are offering technical services, the Government of India has made it easy to collect taxes by deducting them from...
Income Tax
What is Meant By Corporate Tax? Importance And Features
Corporate tax in India depends on a company's income from business and commercial activities. However, there are several tax rebates and exemptions available that...
Income Tax
Claiming Deduction on Interest under Section 80TTA of Income Tax Act
Section 80TTA of the Income Tax Act allows for a deduction on the interest income. However, there are some limitations and restrictions to the deduction....
Income Tax
How To Check Income Tax Refund Status Online For 2020-21
The filing of annual returns of the Income Tax Department is usually done in the online mode and hence tracking the ITR status for submission, refunds,...
Income Tax
Professional Tax- Understanding Tax Slab Rates, Its Application and Exemption Process
Have you paid close attention to your salary statement? If yes, you would have come across a component which is termed as “Professional Tax”....
Income Tax
Understanding Section 44AB and a Brief of Required Forms
According to the Income Tax Act of 1961, if a person's turnover or gross receipts in a given financial year surpass ₹1 Crore, they...
Subscribe
- Never miss a story with notifications
- Gain full access to our premium content
- Browse free from up to 5 devices at once
Must read