The income tax slab rates differ between the old and new tax regimes. Furthermore, the old tax regime divided the slab rates into three categories. What Is Income Tax Slab? Individuals in India are taxed based on a slab system,…
Section 112A of Income Tax Act is a section that deals with the tax on long-term capital gains from the sale of certain assets like: These assets should be held for more than one year to be considered as long-term…
Discover the game-changing Annual Information Statement (AIS) introduced by the Income Tax Department for individuals and Hindu Undivided Families (HUFs). This comprehensive article unveils the key points and benefits of AIS, replacing the previous Form 26AS. Get ready to simplify…
The government requires people to mandatorily file income tax returns (ITRs) to get information about their income and to check if the tax on the income earned has been correctly paid. The last date for filing ITR for FY 2021-22…
What is Form 16 Issuance to Employees? Form 16 Issuance to Employees is a certificate that employers issue to their employees. It is a validation that the TDS has been deducted and deposited with the government authorities on behalf of…
