TDS shows up in two very different situations for most people in India. Every month a salaried employee sees a deduction ...
Section 194T mandates TDS on partner payments with a strict April 30 deadline for March deductions. Missing it can lead to ...
According to the Income Tax Department, the key factor is not when the salary is earned, but when it is paid. Section 392(1) of the Income Tax Act, 2025, effective April 1, 2026, replaces the earlier ...
As of April 1, 2026, the Income Tax Act, 2025 has officially come into force by replacing the Income Tax Act 1961, bringing a digital-first approach to compliance. For salaried professionals, this ...
If you're a salaried employee, your employer must have asked you to choose between the old and new tax regimes for the current financial year (2025-26) for TDS purposes. Selecting the right regime ...
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What happens if you do not inform your tax regime choice to your employer for TDS on salary?
Understanding the income tax laws applicable for the current financial year (FY 2025-26) is crucial for making an informed decision when choosing between the new and old tax regimes. Starting April 1, ...
Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including deductions, ...
Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...
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