Income Tax Guides

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Steps for Filing Condonation Request for ITR Verification Delay

If someone has failed to file your Income Tax Returns (ITR) or has failed to e-verify before the due date, filing a condonation request can be helpful.  Condonation Request Meaning  In India, the annual deadline for filing ITR is July...

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Tax on Leave Encashment for Government & Private Employees

Every employee receives certain types of leaves throughout the year till they are in a company. Popular types of leaves are sick leaves, casual leaves, ordinary leaves, maternity leaves, earned leaves and others. You can carry forward some of these...

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TDS Payment Due Date

TDS payment due date is prescribed by the Income Tax Department to ensure that TDS is deducted regularly and paid to the credit of the Central Government post deduction. Since, a TDS deduction is an amount deducted from an amount...

tds on salary

TDS on Salary Under Income Tax Act, 1961

Section 192 of the Income Tax Act, 1961 provides for TDS on salary income earned by an employee and paid by an employer. The employer deducts tax deducted at source while paying or crediting the salary income to the employer....

tds on rent

TDS on Rent : Section 194I of Income Tax Act

TDS on rent as per section 194I of the Income Tax Act, 1961 is applicable on rental income which the tenant pays to the owner. The tenant while paying the rent needs to deduct TDS on rent at the applicable...

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tax on rd

Income Tax on Recurring Deposit (RD)

Recurring deposits or RDs are similar to FDs; however, they are more flexible than FDs. Investors can invest a certain amount every month into their RD account from their savings bank account. Investors will receive guaranteed interest from banks which...

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Tax Exemption Vs Tax Deduction Vs Tax Rebate

Difference between Tax Exemption, Tax Deduction and Tax Rebate Tax is the biggest worry for most of us. Like me, there are many who do not understand the process and are worried about how to get through this during this...

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Superannuation

Superannuation is a retirement benefit and potentially a good way for an employee to plan their financial security. Employers also offer other retirement savings schemes such as provident funds, gratuity, or National Pension System (NPS). Here we will help you...