Tax Deductions
23 PostsSalary Income is simply the paycheque or a fixed amount that is given to employees every month by the employer. We’ll take you through the basics of income from salary, including the different components of salary, deductions, exemptions available, and tax implications, etc.
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New guidelines regarding TDS and TCS
The Income Tax Department has issued new guidelines regarding tax collection at source TCS.
TDS deduction on interest income and how to prevent it
To Avoid Tax Deducted at Source (TDS) on incomes like rent and interest, taxpayers can submit form 15G or 15H to the relevant individual or organization, including banks, post offices, and corporate bond issuers. Form 15G is for individuals below 60, whereas 15H is for senior citizens.
How To Claim Your TDS Refund: Types of Refund Status
On the Income Tax website, you can check the status of your TDS refund by using your PAN card number.
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