Income Tax

The amount of income tax paid in advance rather than in a lump-sum payment at the end of the year is referred to as an Advance Tax. An Advance Tax, sometimes known as Earn Tax or Pay as you Earn’ Tax is paid in installments according to the income tax department’s deadlines. Taxes should be … Read more

Verifying Income tax Returns or simply ITR is an important step once it has been successfully filled.  To verify the Income Tax Return, several steps need to be followed. Income Tax e-Verification is not only simple, but it also saves time. There are several ways to verify ITR. Read the article below to know in … Read more

Definition of Surcharge Do you fall into one of the higher income tax categories, such as 30%? – If you answered yes, you’ll have to pay an extra Surcharge on your tax bill. In other words, ‘a surcharge on income tax is an additional tax imposed on taxpayers who earn more than a specific amount … Read more

When it comes to aiding customers with their questions or finding solutions, the Income Tax department’s customer care section is extremely effective. Individuals can contact any of the below-mentioned numbers for assistance at any time. In an effort to make it easier for taxpayers to find answers to their questions, the Income Tax Department provides call center … Read more

A tax is a necessary fee or monetary charge imposed by a government on an individual or an organization in order to raise funds for public works projects that provide the greatest services and infrastructure. The funds raised are then used to fund other government activities. Failure to pay taxes or refuse to contribute will … Read more

TDS (Tax Deduction at Source) is a significant compliance requirement for Income Tax Assessees. The numerous TDS rates, nature of payment, and TDS threshold limits are specified in various parts of the Income Tax Law, which have been summarized in this article. If the payment exceeds the threshold limit provided in a given section, then … Read more

You can use an online income tax calculator to figure out how much you owe in taxes. However, extra tax may be deducted at source from your pay or other sources of income. Alternatively, you could make a mistake and pay more advance tax than necessary. When you pay more income tax than you need … Read more

Income Tax Deductions Guide Section 80 Deductions For FY 2020-21 (Including Budget 2021 Amendments) Whether you work for the government or for a private company, you can easily enjoy the benefit of Income Tax Deductions under Section 80C. There are also some Income Tax Deductions that you can claim in order to reduce your income … Read more