TCS Tax Collected At Source TCS is the tax that is collected by the seller from the buyer. The goods are specified under section 206C of the Income Tax Act, 1961.  Let us take an example- Mr. Arun buys 10...

Section 80TTA of Income Tax Act- Deduction for Interest Earned Section 80TTA of the Income Tax Act provides a deduction for interest income. The deduction is available with a few limitations and restrictions. In this article, we have covered all...

The Income Tax Act allows deduction while calculating the total taxable income to every assessee. One such deduction is allowed under section 80G of Income Tax Act, 1961 for donations made to a charitable organization or a trust. Along with...

Section 10 of Income Tax Act, 1961 Section 10 of Income Tax Act, 1961 includes such income that does not form part of the total income while calculating the total tax liability of any person. These incomes are also known...

Introduction IDBI Bank RDs allow investors to invest in small amounts regularly for a fixed tenure. The interest rates of IDBI Bank RDs range between 5.75%-5.9% for regular citizens. For senior citizens, the RD interest rates range between 6.25%-6.4%. Also,...

Introduction Punjab National Bank recurring deposit scheme is an investment scheme that allows investors to invest in small amounts for a fixed tenure. The tenure of PNB RDs ranges between 6 months and ten years. The Punjab National Bank recurring...

Introduction Bank of Baroda RDs allows an investor to invest a small amount every month. Upon maturity, the investor will earn interest on the entire investment. The BOB RD tenure ranges from 6 months to 10 years, and the bank...

Introduction Union Bank of India RDs allows investors to invest in small amounts regularly for a fixed tenure. The Union Bank of India recurring deposit rate ranges between 5.5% to 5.9% for both regular citizens and senior citizens. Moreover, Union...