TDS Rates For Income Tax with Recent Changes
Here is the TDS (Tax Deducted at Source) Rate Chart for the Financial Year 2024-25 (Assessment Year 2025-26): SectionNature of PaymentThreshold LimitTDS RateEffective Date192Salary IncomeBasic exemption limit of employeeAs per…
Hot Topics
List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)
life insurance premium (including payment made by government employee to the central…
Post List #2
List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)
life insurance premium (including payment made by government employee to the central government Employees’ insurance scheme and payment made by a person under children ‘s deferred endowment assurance policy) Payment in respect of non-commutable deferred annuity. Any sum deducted from salary payable to a government employee for the purpose of securing him a deferred annuity (subject to a maximum of 20 per cent of salary. Contribution (non being repayment of…
Residential Status of an Individual
An individual may be (a) residential and ordinarily residential (b) residential but not ordinarily residential or (c) non – residential. 5.1 Residential and ordinarily residential – To find out whether an individual is Resident and ordinary resident ‘’ in India,…
Income Tax Slab-AY 2024-25
REGULAR TAX REGIME – Regular tax regime is the default tax regime for the assessment Year 2023-24.However for the assessment year 2024-25,the individual/HUF/AOP,ctc.,has to exercise the option under section 115BAC(6) to avail the benefit Of the regular tax regime .tax…
House Rent Allowance
HOUSE RENT ALLOWANCE – Exemption in respect of house rent allowance is regulated by rule2A. The least of the following is exempt from tax— An amount equal to 50 per cent of salary, where the residential house is situated at…
Entertainments
List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)
life insurance premium (including payment made by government employee to the central government Employees’ insurance scheme and payment…
Entertainments
List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)
life insurance premium (including payment made by government employee to the central government Employees’ insurance scheme and payment made by…
Don’t Miss
HOW TO RESET YOUR EMUDHRA KYC PIN
Open the below link https://app.e-mudhra.com/forgotPassword.jsp Enter your KYC Username ( Which is written on your verification link) Enter the New PIN & Confirm it Now press the GET OTP Button Enter the both email &…
MSME 45 DAYS PAYMENT RULE APPLICABILITY
WHAT IS MSME: – CLASSIFICATIONMICROSMALLMEDIUMManufacturing Enterprises and Enterprises rendering ServicesInvestment in Plant and Machinery or Equipment:Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 croreInvestment in Plant and Machinery or…
List of Sec 80C Deduction From Total Income-(Max Rs.150000/-)
life insurance premium (including payment made by government employee to the central government Employees’ insurance scheme and payment made by a person under children ‘s deferred endowment assurance policy) Payment in respect of non-commutable deferred…
Residential Status of an Individual
An individual may be (a) residential and ordinarily residential (b) residential but not ordinarily residential or (c) non – residential. 5.1 Residential and ordinarily residential – To find out whether an individual is Resident and…