Income Tax

TDS on Contractor is a tax mechanism where the payer deducts a certain percentage as tax when making payments to […]

Section 80GG deduction is available under Chapter VI-A which provides tax relief to individuals who incur expenses on rent for

E -Tax Payment allows taxpayers to remit their taxes online by electronically through authorized channels, such as internet banking, mobile

Index launched by CBDT every year considering the inflation in the country. The Cost Inflation Index (CII) is used to

Gratuity is a statutory benefit paid to the employees as a token of appreciation for their service to the organization.

Deduction under section 80C of the Income Tax Act 1961, allows taxpayers to reduce their taxable income by making specific

The Income Tax Act 1961 provides taxpayers with various Chapter VIA Deductions. These amounts are deducted from the gross total

Introduction A Standard Deduction for salaried individuals was re-introduced for the year 2018-19 and onwards. The standard deduction for salary

Pension means a regular payment, made to retired individuals from an investment fund to which an employer has contributed during

Introduction Dividend is an income we get from the capital investment from shares or mutual funds. From the company’s point

Introduction As we know there are 5 heads falling under Income tax Act which are Income from salary, income from