Income Tax

Tax deducted at the source or TDS is a form of income tax collected by the government on making clearly stated payments such as salary, commission, and rent. TDS is a form of direct income tax and is a fixed value predefined by the government of...

Wondering to file your IT returns for the AY 2021-22? If you have missed your ITR due date, here is what you should know. You should have the complete information about what will happen if you fail to file your ITR before the due date, i.e., 31st...

https://youtu.be/EiAdvUi3YmI Are you a taxpayer or do you owe money to the government? We'll walk you through how to register and login income tax India login website in this article. Because of the rising digitalisation, taxpayers must now...

Every individual is liable to pay tax in India on his income whether he is a self-employed individual or a salaried individual. On the other hand, the government has also given the provisions of exemptions and deductions on the taxable income to...

HUF stands for Hindu Undivided Family in which all the family members with a Hindu Culture can come together and remove some tax burden by forming a HUF. On the other hand, Buddhists, Jains, and Sikhs can also build a HUF and claim for the tax...

If the government is charging taxes on the income of the individuals then it has also given many exemptions and deductions to reduce the tax burden. You might be aware of the fact that you have to pay taxes on capital gains if it has aroused due to...

Taxes are the main source of earnings for the government and it is the duty of every individual to pay taxes on their income. The taxes are used by the government to enhance various sectors like Health, Education, Defense, Infrastructure, etc....

Every individual is liable to pay taxes on his income even it is a capital gain. Any profit or gain an individual generates by the sale of a capital asset is known as Capital Gain. So, you will have to pay taxes on that income that arises in the...

House Rent Allowance is a component of salary paid to the employee by the employer in the favour of accommodation and cost of living in that city. But you might be not aware of the fact that HRA is a part of net salary and it is taxable as per the...

If you are a salaried employee then you might have been receiving your salary after tax deduction. But do you have a note of all those deductions? Well, your employer has all the details about the tax deductions in Form 16. So, basically, Form 16...