Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

Senior citizens can manage their Fixed Deposit interest income effectively. Banks deduct Tax Deducted at Source (TDS) on ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Form 15G for provident fund (PF) ...

When it comes to tax, the well-established rule is that no income can escape it, except in cases where your income is lower than the taxable threshold. In such circumstances, your income is exempt ...

If you are meant to receive an interest income from a bank and your total annual income is likely to stay lower than the minimum threshold that qualifies for tax liability then you must intimate the ...

Form 15H is a self-declaration for non-deduction of taxes at source which can be submitted by an eligible person to the payor of specified incomes. Specified incomes includes income from provident ...

'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.' IMAGE: Kindly note the image has been posted only for ...

CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, aiding in reducing tax deductions from salaries and increasing take-home pay.

At present, businesses upload such invoices on IRP on the current date, irrespective of the date of issue of such invoice. Income Tax Return Latest Update: Taxpayers, direct or indirect, need to know ...