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.

TDS on Insurance Commission [Section 194D]

Learn about TDS on insurance commission under Section 194D. Find out when TDS is deducted, the current rate, and how to file returns.

Know about TDS on Payments to Contractors and sub-contractors [Section 194C]

Learn about TDS on payments to contractors under Section 194C. Find out who deducts TDS, when it's due, and the applicable rates.

Procedure to check status of Tax refund (Income Tax)

Check your Income Tax refund status on the TIN-NSDL website! Enter your PAN and Assessment Year. Refunds are sent via direct deposit or check. Learn about interest on refunds and contact SBI for help!

TDS on Winnings from Lotteries, crossword puzzles and horse races [Sections 194B and 194BB]

Win big? Get taxed! India levies a flat 30% tax on lottery, game, and race winnings. TDS applies if you win over ₹10,000. Even winnings in kind are taxed. File your return, even with TDS.

Know about TDS on Interest other than Interest on Securities [Section 194A]

Learn about TDS on interest income! Section 194A covers interest, not securities. Find out when TDS applies, limits, exemptions, and how to file.

TDS on Payment of Dividends [Section 194]

Companies face a 15% tax on dividend payouts. However, individuals receiving dividends from domestic companies don't pay tax. TDS applies only to "deemed dividends" exceeding ₹2,500, taxed at 10%. Learn more about this complex tax rule!

Know about TDS for Interest on Securities [Section 193]

Interest on securities in India is taxable. Learn about TDS rules, exemptions, and how to file returns. Get informed about your tax liability!

Know about Deduction of TDS on Salary

Learn about TDS on salaries in India! This article breaks down Section 192 of the Income Tax Act, covering deduction rules, payment deadlines, and key points for employers and employees.

Settlement of Tax Cases under Income Tax Act, 1961

India's Income Tax Settlement Commission lets taxpayers settle disputes with the government. Learn how it works, who can apply, and the process for getting your case settled.