Changing jobs in the middle of the year can bring unexpected tax challenges. With some planning, however, you can avoid surprises and manage your tax liability effectively.When you switch jobs, your income for the year may shift significantly. It’s crucial to familiarize yourself with tax brackets to estimate how your new salary will impact your tax situation.Monitor … [Read more...] about Switching Jobs Mid-Year? Here’s How to Tackle the Tax Implications
How TDS on Dividend Income Works in India: A Simple Guide
A dividend is cash or stock that a company pays to its owners from its earnings. This income is taxable in India. Under Section 194 of the Income Tax Act, 1961, tax is deducted at the source (TDS) when dividends are paid to shareholders. Under the Income Tax Act, 1961, any person (resident or non-resident) receiving dividends from a company is subject to Tax Deducted … [Read more...] about How TDS on Dividend Income Works in India: A Simple Guide
Top 10 GST Mistakes Businesses Make and How to Avoid Them Easily
Goods and Services Tax (GST) in India started on July 1, 2017. Its purpose is to simplify taxes and treat goods and services equally all over the country.GST replaces several older taxes like VAT, excise duty, and service tax, creating one single tax system. There are different GST rates for different goods and services, usually between 5% and 28%.Overall, GST has … [Read more...] about Top 10 GST Mistakes Businesses Make and How to Avoid Them Easily
Understanding Corporate Crises: An Investor’s Perspective on Risk Mitigation
Investing in the stock market can be rewarding, but it comes with risks, especially when a company faces a corporate crisis. Understanding how to identify potential problems before they escalate can help you protect your investments from a corporate crisis. This guide outlines key indicators that signal a corporate crisis and what to watch for as an investor to mitigate … [Read more...] about Understanding Corporate Crises: An Investor’s Perspective on Risk Mitigation
Key reasons why Form 26AS is important: Understanding tax credit statement
Form 26AS provides a summary of all the tax deducted at source (TDS) from your income. This includes tax deducted on salaries, interest, rent, professional fees, commission and other sources, allowing you to see how much tax has been paid on your behalf. You can access Form 26AS online through the Income Tax Department’s e-filing portal by logging in with your … [Read more...] about Key reasons why Form 26AS is important: Understanding tax credit statement