Associate TG
TDS on Rent TDS on Rent If you’re a tenant paying house rent above ₹50,000 per month, you are required to deduct Tax Deducted at Source (TDS) before paying rent to your landlord under Section 194IB of the Income Tax Act. TDS on Rent Effective October 1, 2024, the TDS rate was reduced from 5% … Read more
Income Tax Calculator How It Helps You Compute Your Payable Tax – A User’s Guide (FY 2024-25) Income Tax Calculator How It Helps You Compute Your Payable Tax Whether you’re a salaried employee, a freelancer, a business owner, or managing a company, figuring out your income tax liability can be overwhelming. Income Tax Calculator How … Read more
How Much Cash Can I Keep at Home in India? How Much Cash Can I Keep at Home in India? In India, cash is still a preferred mode of transaction for many people. However, incidents such as Income Tax raids, where authorities recover unaccounted-for large sums of cash, often leave citizens wondering: How much cash … Read more
Want to Avoid TDS on Fixed Deposit Interest? Want to Avoid TDS on Fixed Deposit Interest? Senior citizens often rely on fixed deposits (FDs) as a primary source of income. However, when interest income from FDs exceeds ₹1 lakh in a year, banks are required to deduct Tax Deducted at Source (TDS). This can be … Read more
CBDT Notifies ITR Form 2 For AY 2025–26 ITR Form 2 For AY 2025–26 You Must Know ITR Form 2 For AY 2025–26 You Must Know The Central Board of Direct Taxes (CBDT) has officially notified Income Tax Return (ITR) Form 2 for the Assessment Year (AY) 2025–26 through Notification No. 43/2025 dated 03.05.2025. ITR … Read more
