Basic Concepts For Understanding Income Tax In india
Income tax in India is a tax levied on the income of individuals, companies, and other entities based on their earnings in a financial year. It is governed by the Income Tax Act, 1961, with various tax slabs and exemptions depending on income level and type of taxpayer. For more details read article on Basic Concepts For Understanding Income Tax In india
Definitions In Income Tax Law
Definitions in Income Tax Law provide precise meanings for key terms like “income,” “assessee,” “previous year,” and “assessment year,” which are essential for understanding tax obligations. These legal definitions ensure clarity and consistency in the application of tax rules across different cases and taxpayers. For more deatails read article Definitions In Income Tax Law.
Income tax slab rates India FY 2024-25
Discover the latest income tax slab rates for FY 2024–25 and choose the best regime to maximize your savings. For More details read the article on Income tax slab rates India FY 2024-25
Income Tax Calculator and A Complete Guide to Calculating Income Tax on Salary (With Example)
Learn how to calculate your income tax step by step with real salary examples and a free tax calculator to make tax filing stress-free. Get access to the calculator.
How to calculate Rebate under Section 87A for Individual Taxpayers ?
Learn how to calculate rebate under Section 87A for FY 2024–25 and reduce your tax liability to zero if you meet the income limit. This guide covers eligibility, step by step calculation, and examples under both old and new tax regimes. For More details read the article on How to calculate Rebate under Section 87A for Individual Taxpayers ?
Save tax on salary by claiming relief under Section 89 of Indian Income Tax Act.
Learn how to claim relief under Section 89 of the Income Tax Act for arrears, advance salary, or pension reduce your tax burden legally and smartly. For More details read the article of Save tax on salary by claiming relief under Section 89 of Indian Income Tax Act.
TDS on Salary in India. Complete Guide (Section 192)
Understand how tax is deducted under Section 192, calculation methods, employer responsibilities, and how to optimize your take home pay with this complete guide.Read the article TDS on Salary in India. Complete Guide (Section 192)
Section 89 Relief Calculator for Salaried Employees
Easily calculate your tax relief on salary arrears or advance payments using this step by step tool, helping you lower your tax burden legally under the Income Tax Act. Get access to the calculator.
PF vs EPF: What’s the Difference Between Provident Fund and Employees’ Provident Fund?
Learn the key rules, benefits, and differences between Provident Fund (PF) and Employees’ Provident Fund (EPF) to make smarter retirement and tax saving decisions. Go to article PF vs EPF: What’s the Difference Between Provident Fund and Employees’ Provident Fund ?
Employees’ Provident Fund [Section 192A] – Rules, Compliance & TDS
Know the rules for EPF withdrawals, TDS applicability, and compliance requirements under Section 192A to avoid tax surprises and stay financially prepared. For more details read the article Employees’ Provident Fund [Section 192A] – Rules, Compliance & TDS
Agricultural Income in India and Its Tax Implications under section 10(1) of the income tax act
Agricultural income is exempt from tax under Section 10(1) of the Income Tax Act, but it is subject to several conditions and limitations. For more details read the article Agricultural Income in India and Its Tax Implications
TDS on Cash Withdrawal Under Section 194N – Rates and Limits with example
Section 194N of the Income Tax Act deals with TDS on cash withdrawals exceeding prescribed limits from banks, cooperative banks, or post offices. If your total cash withdrawals in a financial year cross ₹20 lakh or ₹1 crore, For More details read article TDS on Cash Withdrawal Under Section 194N – Rates and Limits with example
What is Section 193 of the Income Tax Act ?
Section 193 of the Income Tax Act addresses TDS on interest from securities like bonds and debentures. For more details read the article What is Section 193 of the Income Tax Act ?
What is TDS on Interest ( Bank FD, Deposits, NRO accounts etc. )
Interest other than securities, taxed under Section 194A of Income Tax Act 1961, includes earnings from deposits and borrowings. Understanding when TDS applies ensures smooth tax compliance and prevents excess deductions. For details read the article What is TDS on Interest ( Bank FD, Deposits, NRO accounts etc. )
Section 194C: TDS on Payments to Contractors & Sub-Contractors – Rates, Limits & Compliance Guide
Section 194C of the Income Tax Act governs TDS on payments made to contractors and sub-contractors. For more details visit the read the article Section 194C: TDS on Payments to Contractors & Sub-Contractors – Rates, Limits & Compliance Guide