Financial Year 2022-23- TDS Rate Chart (AY 2023-24) When Finance Minister Nirmala Sitharaman announced budget 2022, there was no changes made in the TDS rates for FY 2022-23 hence the old rates without giving the effect of Covid reduction of […]

Compliance Calendar for the Month of April, 2022 A new Financial Year 2022-23 has begun and being the first month of the new Financial Year, April 2022 is an important month if we look at it from the Tax Compliance […]

Know who should file income tax returns for FY 2021-22. Understand if you are liable to file the return. Income Tax Department has notified 7 various forms up till now i.e. Form ITR 1 to ITR 7 for filing Income […]

A guide to the Taxpayer – What is Professional Tax? And Who is eligible to pay Professional Tax Rate? Many salaried employees in India are unsure what is a Professional Tax? And why does it appear as a deduction from […]

What is the LLC Tax Rate? Briefing on different types of LLC Income Tax Rates   Introduction An LLC (Limited Liability Company) is a business structure that lets owners report profits and losses on their personal taxes, making it flexible and […]

Compliance Calendar for March 2022 Being the last month for the financial year, March is a significant month from the point of view of the tax compliance and other statutory due dates for ROC Reporting, GST Return Filings, and Income […]

How to Calculate Gratuity in India? And what is the Tax Exemption on Gratuity given to Employees? Gratuity is a retirement benefit offered by an employer to an employee in recognition of his/her service rendered to an organization usually more […]

Section 80C of the Income Tax Act and Information on Deduction under Section 80C If you invest in specific programs, the government will exempt you from paying taxes. Section 80C is one of the most important headings under which you […]

Everything you need to know on TDS Return Form 26Q Introduction  On certain occasions, the payer is required to subtract TDS while paying the payee. This payment is not a salary payment, and the payer is required to file a […]