Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

In pay-out type FDs, much like shown in the above table, no TDS will be deducted as the principal and interest amount will ...

The employer deducts TDS based on the estimated income tax liability of the employee. Determine Gross Salary: Include all components like basic salary, HRA, bonuses, etc. Subtract Exemptions: Deduct ...

For senior citizens, banks will now deduct TDS if interest amount exceeds Rs 1 lakh in a particular bank. However, with smart ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised i ...

The Income Tax Bill 2025, introduced in Parliament, proposes significant changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) provisions. These changes aim to simplify the tax ...

The interest earned on FD is fully taxable, which is considered ‘income from other sources’. The amount of TDS collected on ...

MUMBAI: The New Income Tax Bill 2025, which will replace the 1961 Act, is an attempt at simplifying the tax rules. While the ...

The new bill proposes the application of TDS rules to various types of income, including salaries, professional fees, ...

The simplified Income Tax Bill 2025, which brings in the concept of 'tax year' and abolishes the archaic and complicated ...

Some salaried taxpayers across the nation may have received messages from the Income Tax Department regarding their total tax deducted at source (TDS). The message, sent as an SMS, includes details of ...