Income Tax : This comprehensive FAQ guide explains the basics of income tax, including taxable income, previous year, assessment year, tax paym...
Income Tax : Resident senior citizens aged 60 years or above are exempt from paying advance tax if they do not earn income from business or pro...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
Income Tax : The Income-tax Act mandates e-payment of direct taxes for companies and taxpayers covered under Section 44AB, while others may opt...
Finance : Learn how to pay taxes with a credit card, its benefits, drawbacks, and factors to consider. Discover if it’s the right option f...
Income Tax : Comprehensive list of 30 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated banks, along wi...
Income Tax : Challan correction mechanism Considering the fact that several mistakes were being reported which occurred on account of wrong pun...
Income Tax : Net Direct Tax Collections for 2013-14, up to 17th September 2013 Shows A Growth of 12.5% and Stood At Rs. 2,38,325 Crore as again...
Income Tax : Payment of Quarterly Advance Tax on or before 15th September, 2013 All Designated Branches of Authorized Banks to Function on 14th...
Income Tax : Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through...
Fema / RBI : Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government ...
Learn how to make advance tax payment in easy steps. Don’t wait till the end of the financial year – deposit your tax every quarter and simplify your tax obligations.
Understand advance income tax provisions and avoid interest levies. Learn about the schedule and mode of payment for advance tax under the Income Tax Act, 1961.
Understand how to calculate marginal relief in case of individuals with income exceeding a certain limit. Learn how to limit tax liability and surcharge.
Most of us are unaware about the payment of income tax online. We have to go to bank and deposit the tax which takes a lot of time. So here’s an easy guide to e payment of income tax online. To deposit the tax, please refer below mentioned steps:
CA. M. Lakshmanan While paying direct taxes such as advance tax, self assessment tax, TDS and tax on regular assessment in the NSDL site after PAN and all other relevant columns such as assessment year, name, address, type of payment etc., are filled in and before we are directed to the Bank portal, the name […]
Learn the dos and donts of tax payment and challan correction mechanism. Find out the types of challans to be used for different tax payments and the mandatory details required for filling out a challan.
Challan correction mechanism Considering the fact that several mistakes were being reported which occurred on account of wrong punching of data in the OLTAS by the banks, the CBDT introduced a new challan correction mechanism for paper based payments of income tax. The said system has been appreciated by the assessees. Since, inadvertent mistakes can […]
Net Direct Tax Collections for 2013-14, up to 17th September 2013 Shows A Growth of 12.5% and Stood At Rs. 2,38,325 Crore as against Rs. 2,11,641 Crore in the Same Period Last Year Net direct tax collections for the current F.Y. 2013-14, up to 17th September 2013, stood at Rs. 2,38,325 crore as against Rs. […]
Why tax is levied? The reason for levy of the taxes is because that they constitute the basic source of revenue to the government. Revenue that is raised through the collection of taxes is significantly utilized for
Payment of Quarterly Advance Tax on or before 15th September, 2013 All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday Sunday) All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax […]
