What are the Sources of Public Revenue for Government? – Major Tax and Non-tax Sources
The government undertakes many initiatives and projects aimed at economic growth and progress. This... Read More »
PF Withdrawal Rules 2023 – Rules, Documents Required and Types
EPF/PF Withdrawal Employees’ Provident Fund (abbreviated as EPF) is a popular retirement... Read More »
How to Withdraw PF Amount? – Steps, Eligibility, and Status Check
Employees Provident Fund (EPF) is a government-backed retirement savings scheme. It falls under the... Read More »
Cess on Income Tax: Overview, Types and Calculation
What is Cess on Income Tax? Cess is an additional tax on taxes imposed by the central government... Read More »
Short-Term Capital Gains Tax Under Section 111A of the Income Tax Act
What is Section 111A of the Income Tax Act? Section 111A of the Income Tax Act deals with taxati... Read More »
Old vs New Tax Regime – Which One is More Beneficial in 2023?
The government introduced a new tax regime in FY 20-21 in addition to the existing regime and revis... Read More »
Form 26AS – How to View and Download Form 26AS Online?
What is Form 26AS? Form 26AS is a consolidated tax statement issued by the Income Tax Department... Read More »
Deductions on Salary Under Section 16 of the Income Tax Act, 1961
Section 16 of Income Tax Act, 1961 Section 16 of the Income Tax Act, 1961 mentions allowances an... Read More »
Section 192A of Income Tax Act : TDS on EPF Withdrawal
Section 192A of Income Tax Act Section 192A of the Income Tax Act is related to TDS or Tax Deduc... Read More »
Income Tax Deduction Under Section 80EE on Home Loan Interest
What is Section 80EE of the Income Tax Act? Section 80EE of the Income Tax Act, 1961 was formula... Read More »
Section 80C of Income Tax Act Deduction Limit FY 2022-23
What is Section 80C in Income Tax? Section 80C of the Income Tax Act, 1961 allows you to claim t... Read More »
How to Check Your TDS Status by Using Your PAN Card?
Tax Deducted at Source, or TDS under the Income Tax act of 1961, is a system of collecting taxes i... Read More »
What is Section 10AA of Income Tax Act?
Section 10AA of the Income Tax Act Section 10AA of the Income Tax Act is a special provision tha... Read More »
Section 10(10D) of the Income Tax Act: Exemptions & Example
Section 10 (10d) of the Income Tax Act Life insurance policies are mostly known for providing a ... Read More »
Cess and Surcharge – Tax Levied by Indian Government
What is CESS? The government generally collects cess to fund earmarked purposes. It cannot be us... Read More »
Difference Between Assessment Year (AY) and Financial Year (FY)
One of the most confusing aspects of the Indian taxation system is the difference between the asses... Read More »
7 Types of Income Tax Assessment Under Income Tax Act
Every financial year, as per the Income Tax Act 1961, it is mandatory for individuals who earn ab... Read More »
5 Heads of Income Under Income Tax Act
What are the Heads of Income Under the Income Tax Act? For tax computation purposes, the income ... Read More »
Income Certificate Application – Importance, Documents Required and How to Apply?
What is an Income Certificate? An income certificate is an official document issued by a state g... Read More »
Section 80EEB: Tax Benefit on Electric Vehicles
What is Section 80EEB of Income Tax Act? Under Section 80EEB of Income Tax Act, you can claim ta... Read More »
What is Form 26QB for TDS? How to Download and Submit it?
While purchasing a property, buyers are liable to pay various taxes. The Finance Act, 2013 made TDS... Read More »
Previous Year in Income Tax, 1961 – How is it Different from Assessment Year?
What is Previous Year in Income Tax? According to the Section 3 of the Income Tax Act, the incom... Read More »
Section 115BAA of Income Tax Act: Features and Eligibility
What Is Section 115BAA of Income Tax Act? The Government of India brought in multiple amendments... Read More »
Section 79 of the Income Tax Act – Latest Amendments
The Government of India introduced Section 79 of Chapter VI of Income Tax Act Intended to curb taxp... Read More »
