Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru ...

Missing advance tax deadlines can lead to unnecessary interest charges. A simple declaration to your employer can help salaried individuals save money and stay tax-compliant—here’s how ...

Banks, companies, employers, and other institutions deduct TDS at the rates prescribed under the Income Tax Act, 1961, even ...

Income tax that is paid in advance in certain installments instead of a lump sum at the end of the financial year. It is ...

Form 16 is a TDS certificate issued by employers to outline the salary earned and TDS deducted on the same in a given fiscal ...

From UAN activation to Updated ITR filing, several important personal finance deadlines are approaching in March, 2025. Read ...

One of the key changes is the increase in TCS on foreign remittances under the Liberalized Remittance Scheme (LRS), which has ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from tax liability. Senior citizens must ensure accurate reporting in returns.