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Sarah Harris
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  1. Sarah Harris

    No matter where you are heading, a casual dinner near your home or a long drive trip to the north side of your country, you must keep some emergency tools in your car. This is what I have always believed. I never go anywhere without any first aid kit. I have prepared a tiny box of it. Next is the flRead more

    No matter where you are heading, a casual dinner near your home or a long drive trip to the north side of your country, you must keep some emergency tools in your car. This is what I have always believed. I never go anywhere without any first aid kit. I have prepared a tiny box of it. Next is the flashlight, as you know your car might break down in the middle of the night at any place, so there must be something to look around. Apart from this, I have a backpack of clothes and essentials as my emergency tools. When it comes to my vehicle I keep a tire gauge and a tool kit. The most important thing is the spare tire. One should never go anywhere without all of these things. These are the must have essentials that I ask my friends and family to keep as well. What do you think about it?

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Sorry it's a private question.

admin
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  1. Chanderjit Bakshi

    It is mandatory to issue these certificates to Tax Payers. Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee.

    It is mandatory to issue these certificates to Tax Payers. Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee.

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admin
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  1. Chanderjit Bakshi

    There is no specific timeline mentioned in the income tax laws which states by when such mistakes must be rectified. However, it can take 30-45 days to reflect the deposit of TDS in the Form 26AS, depending on the efficiency of the company's (employer) accounts department.

    There is no specific timeline mentioned in the income tax laws which states by when such mistakes must be rectified. However, it can take 30-45 days to reflect the deposit of TDS in the Form 26AS, depending on the efficiency of the company’s (employer) accounts department.

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admin
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  1. Chanderjit Bakshi

    As per current law, an employee's own contribution to the EPF account is not taxable. However, effective from April 1, 2020, onwards, employer's contribution to the EPF account can become taxable if it exceeds Rs 7.5 lakh in a financial year.

    As per current law, an employee’s own contribution to the EPF account is not taxable. However, effective from April 1, 2020, onwards, employer’s contribution to the EPF account can become taxable if it exceeds Rs 7.5 lakh in a financial year.

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admin
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  1. Chanderjit Bakshi

    The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs 10,000 for AY 2019-20. In the interim budget 2019, this TDS deduction limit on FD has been increased to Rs. 40,000 annually which is applicable in AY 2020-21. Under existing Income Tax rules,Read more

    The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs 10,000 for AY 2019-20. In the interim budget 2019, this TDS deduction limit on FD has been increased to Rs. 40,000 annually which is applicable in AY 2020-21. Under existing Income Tax rules, the TDS rate on fixed deposit interest is 20% if you do not provide your PAN Card to the bank.For NRO (Non-Resident Ordinary) FDs, the TDS rate is 30%. For NRE (Non Resident External) and FCNR (Foreign Currency Non Resident) FDs, there is no TDS because these FDs are tax-free. The details of TDS deducted by the bank are uploaded in Form 26AS. No TDS is deducted on either Time Deposit (FD) or Recurring Deposit (RD) made with a post office. Senior Citizens (those above 60) can get up to Rs 50,000 per year in FD interest tax-free and no TDS will be deducted for interest received up to Rs 50,000 per annum for them.

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