9 major changes relating to TDS and TCS proposed in Budget 2015-16: Effective from June 01, 2015
Given below are the list of changes applicable from 1st June, 2015 for TDS and TCS amendments: 1. R...
Saving Tax through Parents
Many of our users write to us asking about tips to save tax. While it may not be feasible to curtail...
What is TDS and How is it Calculated?
What is TDS? TDS is simply Tax Deducted at Source. As per the Income Tax Act – persons responsible...
Do banks charge 10 % TDS on interest income on income above Rs 10,000 or on the entire interest income?
Anurag has recently started investing in fixed deposits. Anurag is unsure whether any TDS will ...
ANALYSIS OF INTEREST ON HOUSING LOAN DEDUCTION
In the recent Finance Act, 2014, the deduction limit for housing loan has been enhanced to Rs. 2,00,...
Transport Allowance doubled, also for the differently abled
Transport allowance is paid to an employee for the purpose of commuting between the place of residen...
FVU 4.6 Full Analysis
The long awaited FVU has been released late evening on 20th April 2015. Brief analysis of the s...
What to Do & Don'ts for Payment of Taxes
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either...
Changes in ITR -2 for FY 2014-15 (AY 2015-16)
Today we list down for you the changes which have been in the Income Tax Return forms ITR -2&nb...
Rights of Employees & Others (TDS Deductees)
Credit of TDS – If tax has been deducted at source u/s 192 to 194 A/B/BB/C/ D/E/EE/F...