Income Tax

TDS on Cash Withdrawal – Section 194N

India's budget tackles cash transactions. Cash withdrawals over ₹1 crore trigger 2% TDS. Non-filers face a ₹20 lakh limit and higher rates. Learn how this impacts you!

What is TAN and how to get obtain TAN

Get your TAN! It's essential for collecting TDS/TCS. Learn about the legal requirements and how to apply online or offline. Don't miss out!

Standard Deduction from salary income under section 16

Salaried Indians get a tax break! Section 16 offers deductions, including a standard ₹50,000 for everyone. Find out how to lower your tax bill.

What taxes you shall pay for the FY 2019-20 under Income-tax Regime?

India's 2019 Budget brought tax relief and new rules. Learn how to calculate your taxes for the 2019-2020 financial year.

TDS on Payment to Contractor u/s 194C after the amendments by Finance Act 2020

Section 194C explains TDS rules for contractor payments. Learn about rates, exemptions, and consequences of non-compliance.

Few reasons to move to cashless transaction under Income-tax Act, 1961

The government learned its lesson: cash is black. New rules limit cash transactions and penalize violations. Go cashless, save taxes!

This is why you should always quote your PAN rightly for TDS deductions

Don't risk higher taxes! Quote your PAN when paying or getting paid. No PAN means no TDS certificate, higher taxes, and a headache.

Interest on Income Tax Refunds

Get your tax refund with interest! 💰 Learn when you're eligible and how much you can receive. File on time for faster processing! ⏱️

Mandatory Linking of Aadhaar and Exemptions from Income Tax Department

Don't file your taxes without linking your Aadhaar to your PAN! You can't file your return or even get a new PAN without it. Plus, your existing PAN might get canceled. Find out who's exempt and avoid the consequences!