TDS Rate Chart for FY2020-21 Applicable for Non-Resident of India (NRIs)
Particulars TDS Rate (%) TDS Rates from 01.04.2020 to 13.05.2020 TDS Rates from 14.05.2020 to 31.03.2021 Section 192: Payment of Salary Section 192A: Premature withdrawal from EPF Normal Slab Rate 10 Normal Slab Rate 10 Normal Slab Rate 10 Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort
- Published in INCOME TAX
Salary received in arrears or in advance, Don’t forget to file Form 10E under Section 89
An employee, who is entitled to relief under Section 89 of the Income Tax Act, is required to submit Form 10E. Here’s how it can be filed. When an employee receives advance or arrears from his employer, then there is an increase in taxes in the year of receipt. To mitigate such hardship, tax relief
- Published in INCOME TAX, Income Tax Deductions on Salaried
Income tax return filing due date has been extended to August 31 for FY2018-19
Income tax return filing due date has been extended to August 31 for FY2018-19 There are a few things we need to know if we are eligible for filing the income tax return. Indian govt. makes changes in the budget from time to time and we need to get updated with that. Hence, in gist,
- Published in INCOME TAX
INCOME TAX RETURN FILING
INCOME TAX RETURN FILING Income tax is a tax levied and collected by the Central Government on the income of a person. Income-tax is calculated at specified rates on total income of a person and paid directly to the Central Government. Income -tax return is a statement of income and tax thereon, which is to
What is Form 26AS of Income Tax ?
A taxpayer may pay tax in any of the following forms: (1) Tax Deducted at Source (TDS) (2) Tax Collected at Source (TCS) (3) Advance tax or Self-assessment Tax or Payment of tax on regular assessment. The Income-tax Department maintains the database of the total tax paid by the taxpayer (i.e., tax credit in the
- Published in INCOME TAX, What is Form 26AS?