[ad_1] Receiving salary or pension in arrears might change your tax situation. You may fear it’s going to move you up a tax slab. Or tax rates may be higher in the year arrears are received as compared to the year to which they belong. To protect you from any additional tax burden, due to […]
Income Tax Department has revised Form 16 With Automated Income Tax Excel Based Form 16 Part B and Part A&B in Revised Format for F.Y. 2019-20
The amended form will come into effect from May 12, 2019. In other words,This means the income tax returns for financial year 2018-19 will have to be filed on the basis of revised Form 16 However,The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received […]
Why is Form 16 Required and its Importance for ITR with Automatic Income Tax Form 16 Part B for F.Y. 2019-20
Is the Form 16 Mandatory? Form 16 is a TDS Certificate that must be provided to employees, by their employers. It certifies that the income tax on your income from salary has been deducted at source, and deposited with the Central Government Account. In other words, Form 16 is one of the most important documents […]
Prepare One by One Preparation Automated Income Tax Form 16 Part B and Part A&B For F.Y.2019-20
[ad_1] The CBDT has changed the format of Income Tax Form 16 Part B for the Financial Year 2018-19 since the 12 May 2019. This Format is more explore the employee’s Salary Details.  Download And Prepare One by One  Automated Income Tax Form 16 Part B and Part A&B (Modified Format) [This Excel Utility Prepare […]
Instant PAN through Aadhaar Card – How to apply for instant PAN?
[ad_1] Income Tax haslaunched the facility of issuing Instant PAN card through Aadhaar. Thisfacility is free and available on the Income Tax e-filing website. It is acompletely paperless process with the issuance of e-PAN card nearly real-time.The e-PAN card issue via this method holds similar value as a physical PANcard. This card contains a QR […]
Relief under section 89(1) for arrears of salary With Automated Income Tax Arrears Relief Calculator U/s 89(1)
Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Taxpayers who have such questions in their mind, here is all that you […]
Relief under section 89(1) for arrears of salary
[ad_1] Did you receive any advance salary or arrears of salary? If yes, you might be worried about the tax implications of the same. Do I have to pay taxes on the total amount? What about the tax calculations of the previous year and so on? Therefore, Taxpayers who have such questions in their mind, here is all […]
What is the utility of Income Tax Salary Certificate Form 16?
[ad_1] ·        Form 16 is an Income Tax form issued under section 203 of the IT Act for Tax Deducted at Source from an employee’s salary. Form 16 contains a detailed record of every tax deducted from the salary of the employee by the employer. ·        Form 16 contains all details about salary paid by […]
New Income Tax Regime for F.Y. 2020-2021 With Automatic Income Tax Revised Form 16 Part B for F.Y. 2019-20
Budget 2020 became taken into consideration to be unique in many ways. It become the first price range of the last decade 2020. Moreover it changed into the most predicted price range nowadays as Indian economy become grappling from a slowdown in the increase fee for more than one quarters. People were expecting sizable charge […]
Instant PAN through Aadhaar Card – How to apply for instant PAN?
Income Tax has launched the facility of issuing Instant PAN card through Aadhaar. This facility is free and available on the Income Tax e-filing website. It is a completely paperless process with the issuance of e-PAN card nearly real-time. The e-PAN card issue via this method holds similar value as a physical PAN card. This […]