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As the start of new financial year approaches, new financial regulations will be implemented, affecting how financial transactions and operations are conducted.
Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)
The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.
A stipend is a sum of money paid to someone which are typically smaller than salaries and are provided to individuals to support them financially while they gain knowledge and experience through education, training, or specific positions.
A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.
GST rate for footwear is 12% (6% CGST + 6% SGST) priced below Rs. 1000.
A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent
Understanding tax concepts is very crucial as its helps individuals and businesses to plan their finances more effectively.
GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.
Golden Rules of Accounting means guiding principles for recording transactions correctly. The 3 main Golden Rules are Personal Accounts, Real Accounts and Nominal Accounts.
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