# financial year
6 posts in `financial year` tag
what is form 16 when issued employees itr filing
Form 16 is a TDS certificate given by employers to employees, indicating the tax deducted from salary income during a financial year. It helps employees with their income tax return filing.
Big news! Changes In Income tax exemption rule
In order to claim tax exemption under Section 80G of the Income Tax Act, uploading the donation receipt certificate issued by the relevant organization when filing your income tax return is necessary. Please do so to avoid the unavailability of the tax exemption.
How To Check Your Income Tax Liability
The amount of income tax an individual is required to pay is determined by their earnings during a fiscal year and the applicable income tax slab. The income tax slabs can vary for different types of taxpayers, including individuals, Hindu undivided families (HUF), Associations of Persons (AOP), Bodies of Individuals (BOI), Foreign Companies, Domestic Companies, Firms, Limited Liability Partnerships (LLP), and Co-operative Societies.
An Overview of TDS/TCS Rate Financial Year 2023-24 (AY: 2024-25
Complying with Tax Deduction at Source (TDS) is essential for individuals subject to Income Tax. The Income Tax legislation outlines various sections that specify different TDS rates, payment methods, and threshold limits.
ITR Document Checklist For Financial Year: 2022-23 Assessment Year: 2023-24
Whether you're a salaried individual or a self-employed professional, using this checklist will enable you to compile all the necessary paperwork for timely and accurate ITR filing.
Extended Last Date for Income Tax Returns
Taxpayer, who has a due on any of these filings can complete it within June 30, 2020, in place of the normal deadline of March 31, 2020.