Updated Income Tax Return by TaxHelpdesk Expert
Updated Income Tax Return provision was introduced through the Union Budget, 2022. Thereby, there is an insertion of a new section namely Section 139(8A) in the Income Tax Act by …
Income Tax
Gratuity under Income Tax Act: All You Need To Know
Gratuity under Income Tax Act is tax-exempt under Section 10. This is because, gratuity is a financial reward which is given by the employer to employee for the services that …
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Do You Know About TDS On Salary: Section 192?
TDS on Salary, under Section 192 is to be deducted by employer who pays salary to his employee (resident or non-resident) on his estimated income during every month. File TDS …
Section 194D: TDS on Insurance Commission
TDS under Section 194D is to be deducted in case any person who pays to resident an income in form of remuneration/reward for generating insurance business. When you buy an …
Know The Tax Saving Options Available Only To Women
Tax saving options available only to women helps women in meeting their financial needs as well as empower them towards a secure future. Following are the options through which only …
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Know all About Presumptive Taxation Scheme
Presumptive Taxation Scheme or PTS is a scheme wherein there is no requirement to maintain books of accounts. Further, in order to avail this scheme, the taxpayer must have a …
Best Ways to Save Your Taxes in 2024
We have a perception that the best ways to save taxes in India are just under Section 80C. However, that is not the case. There are various other ways to …
TDS Common Mistakes & Errors: A Detailed Guide By TaxHelpdesk
TDS common mistakes can be like stepping on hidden traps in the tax jungle – they’re easy to stumble upon and can ultimately lead to financial chaos. Tax Deducted at …
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Know About The Income Tax Slab Rates For FY 2023-24
The income tax slab for the Financial Year 2023-24 can help you understand how much tax you need to pay during the year. Having said that, just like every year, …
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Deductions under Section 80C & its allied sections
Section 80C and its allied sections allow a maximum deduction of up to Rs. 1.5 lacs every year from the taxpayer’s total income and an additional deduction amount of Rs. 50,000 can be claimed under Section 80CCD(1b).