Tax Deducted at Source (TDS) is a system in India where a certain percentage of tax is deducted from payments made to individuals or entities, ensuring that tax is collected at the point of income generation. This system helps the government track income and prevents tax evasion. TDS applies to various payments, including salaries, interest, payments to contractors, … [Read more...] about A Guide to TDS on Rent Payments: Tax Deduction under section 194I
How to improve your financial health for a better retirement
Financial decisions and activities can have a great impact on your retirement plan. For a secured retirement you are required to plan in advance.As a general thumb rule you should always invest not less than 10% of your earnings towards retirement.To increase your financial health you have to improve your financial habits. Below, in this article, we will be discussing … [Read more...] about How to improve your financial health for a better retirement
5 Best finance Job search websites you must check out In India
It’s always challenging to find a job in India but with right planning and attitude, it won’t be easy for you. Of Course there are many ways to find a finance job in India, but one of the best way is to search a Job website.In India, many recruiters are finding it easy in getting candidates online rather than going through newspaper ads or other media. You will find all top … [Read more...] about 5 Best finance Job search websites you must check out In India
Income Tax Rebate Under Section 87A: Eligibility, Limits, and Calculation
For the financial year 2024-25 (assessment year 2025-26), section 87A of the Income Tax Act, 1961, allows individuals to get a tax rebate of up to Rs 12,500 if they follow the old tax regime, and up to Rs 25,000 if they choose the new tax regime.This means that if someone chooses the old tax regime and their taxable income is up to Rs 5 lakh, they don’t have to pay any … [Read more...] about Income Tax Rebate Under Section 87A: Eligibility, Limits, and Calculation
A Complete Guide to Income Tax Refunds: All You Need to Know
An income tax refund is the amount of money returned to a taxpayer by the tax authorities when they have paid more tax throughout the year than they actually owe. For salaried individuals, this type of situation arises when taxes are withheld from salary under section 192 or when they make advance tax on their estimated income, and the total payments exceed the … [Read more...] about A Complete Guide to Income Tax Refunds: All You Need to Know