Form 16 is a certificate issued by an employer evidencing the TDS which is deducted from your salary and deposited with the authorities.
Tag: Income Tax
There are certain less-popular tax deductions which not only help you reduce your income tax outgo, but also the quantum of investment you need to make to avail tax breaks under the Section 80C.
If you’re looking for income tax calculator apps in India, you are at the right place.
In his address for the interim Budget 2019, Finance Minister Piyush Goyal introduced no changes to the tax slabs but announced full tax rebate for those who earn less than Rs 5 lakh. Also those whose gross income reaches to Rs 6.5 lakh will not be required to pay any[Read More…]
While unveiling the Interim Budget 2019 on Friday February 1, Interim Finance Minister Piyush Goyal announced that all those earning less than Rs 5 lakh will get a full tax rebate. “Individual taxpayers with annual income up to Rs. 5 lakh will get full tax rebate. Individuals with gross income up to Rs. 6.5[Read More…]
With increasing income levels and inflation, taxpayers expect the budget 2019 may help them save their taxes.
The Prime Minister, Narendra Modi, today chaired his twenty-eighth interaction through PRAGATI – the ICT-based, multi-modal platform for Pro-Active Governance and Timely Implementation. The Prime Minister reviewed the progress in resolution of grievances related to income tax. Finance Ministry officials briefed him on the progress made in this regard. The[Read More…]
Growing traffic congestion resulting in pollution mainly due to an increasing number of cars and two-wheelers all over India is a serious concern for the government. In metropolitan cities like Delhi, Mumbai, Bengaluru the problem of congestion is at an intolerable stage and therefore the effective solution is highly required.[Read More…]
New Delhi: Touted as the biggest economic reform since Independence, the Goods and Services Tax (GST) was supposed to replace the complex indirect tax system prevalent in the country with a more simplified, uniform regime. As its roll-out completes one year on June 30, it can be argued that while[Read More…]
Direct tax collections increased to 19% in the first four months of the current fiscal as demonetisation of higher denomination currency brought in more number of individuals in tax net. Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in[Read More…]