Income Tax season is here for Individuals. In case, you have invested in last year, do see my account for next couple of days for Income tax series. Will post from 29 June 2024.
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Sameer Patel
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Financial knowledge
Indian Tax slabs
Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown:
1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years.
2. 5% Tax: I
Dear Companies,
This is a reminder that the due date for filing the Tax Deducted at Source (TDS) return for Quarter 4 (January to March) is 31st May 2024. Please ensure proper submission of your TDS return.
Dear Individuals,
Ensure that your TDS d
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Ashutosh Mishra
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Income Tax season is here:
Dont forget to claim House Rent Allowance (HRA) deduction given by your company so that you can save a substantial amount of tax.
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Ashutosh Mishra
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Direct Tax collections for FY 2024-25 as of 17 September, 2024
Net Collections, YOY comparison
Corporate Tax : ₹4.53 lakh crore, up 10.5%
Personal Income Tax : ₹5.15 lakh crore, up 18.8%
STT : ₹26,154 crore, up 96%
Other Taxes : ₹1,812 crore, up
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CA Dipika Pathak
Stealth • 6m
Due date for DPT 3 is June 30 2024
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Aakash kashyap
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The UK's Overseas Territories Lead the Charge in Global Tax Havens – British Influence Dominates the Corporate Tax Haven Landscape in 2024
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(A tax haven is a country or jurisdiction that offers low or no taxes, minimal financial transparency, an
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RootDotAi
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Key Things To do Before 31st March 2024
1 Invest in Tax Saving options
Those who have opted for old tax regime must invest in tax saving options like ELSS MFs, Tax saver FDs, Life Insuarnace, PPF etc to claim deductions u/s 80C of the income ta
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Ashutosh Mishra
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Income Tax Old Regime vs New Regime
All individuals should calculate their income according to both the old regime and the new regime. Thereafter, they should choose the scheme that results in lower taxes.
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Hawk
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Medial • 5m
Was it a Budget of expectations?
The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime.
1. Standard Deduction Increase: T
PAN Card
The PAN (Permanent Account Number) card is a ten-digit alphanumeric identifier issued by the Income Tax Department of India. It's crucial for various financial transactions such as opening a bank account, filing income tax returns, and buyin
