Searched for
TDS AGAINST SALARY
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...- Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talentMultinational corporations in India face a new tax challenge following a High Court ruling against EY US. The court determined that payment...
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
- New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
- Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...
- ITR filing 2026: 5 benefits of filing income tax return besides paying taxesFiling your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You ca...
- TDS limit for interest income of senior citizens doubled from Rs 50,000 in Budget 2025TDS limit in Budget 2025: Tax deducted at Source (TDS) rate has been rationalised. The limit for TDS for senior citizens is being doubled f...
- TDS relief for salaried: From January 1, 2025 TDS statement will reflect the net TDS/TCS benefit on eligible incomeTDS on salary: Now salaried taxpayers will be able to see how much benefit of lower TDS they got in the TDS certificate statement from Q4 2...
- New form to reduce TDS from salary: CBDT issues Form 12BAA to tell employer about other taxes paid by youForm 12BAA to reduce TDS from salary: The Central Board of Direct Taxes has notified a new form called Form 12BAA. The new form notified by...
- TDS deposit rules for employers relaxed from Oct 1, 2024: Does this put employee's TDS credit at risk?New TDS deposit rules for companies: From October 1, 2024, companies will have more time to deposit TDS and penal interest with the governm...
- Form 16 due date: When will you get TDS certificate from your employer?Last date to get Form 16: Salaried individuals need Form 16 to make the ITR filing process easier for them. It is a TDS certificate showing...
- When is Form 16 issued to employees by employers for ITR filing?Form 16 is a TDS certificate issued by the employer to an employee to inform the taxes that are deducted on salary income paid in a financi...
- Budget 2022: Consequences for TDS shortfall are borne by the employee who has switched jobsThe Bombay Chartered Accountants’ Society (BCAS), in its pre-budget memorandum, has submitted: “Because of short deduction by the employer ...
- You may have to claim refund for FY2019-20 tax saving done after March 31The government has extended the deadline to complete tax-savings to June 30, 2020, via an ordinance dated March 31, 2020. However, this mig...
- What to do if your TDS is not deposited with the governmentA scam of Rs 3,200 crore unearthed by the I-T department has highlighted the problems faced by many employees where TDS is deducted but not...
- CBDT caps losses from house property for TDS at Rs 2 lakhIf an employee has declared a loss higher than Rs 2 lakh, the excess is to be ignored for calculating the amount of TDS, which is deducted ...
- Answers of our readers queries related with various tax issuesWhile filing return of income, the employee can claim the credit for TDS on salary based on the data/documents available with him.
- SC rejects Kingfisher's plea challenging Rs 372 crore TDS demandThe SC has dismissed the plea of grounded Kingfisher Airlines against an order of the Karnataka High Court asking it to pay around Rs 372 c...
Load More
