Procedure for furnishing Form 15CA & 15CB

Procedure for furnishing Form 15CA & 15CB

As per Section 195 of the Income Tax Act 1961, every person liable for making a payment to non-residents shall deduct TDS from the payments made or credits given to non-residents at the rates in force.  The Reserve Bank of India also mandates that except in cases of certain personal remittances which have been specifically exempted, no remittance should be ...

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Form 12B for furnishing TDS Details to new employer

Form 12B for furnishing TDS Details to new employer

Form 12B is required to be furnished as per Rule 26A by a person joining any organisation in the middle of the year and is a form for furnishing the details of income u/s 192(2). It is a form required to be submitted by the new employee to the employer and requires details like Details of your previous employer like ...

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Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 is a TDS Certificate issued by the employer deducting the TDS while making payment to an employee. As per the Income Tax Act, every employer at the time of payment of Salaries shall deduct TDS at the average rate of income tax computed on the basis of the rates in force for that financial year in which the ...

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What is Form 16A & how to verify its details Online

What is Form 16A & how to verify its details Online

Form 16A is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments & the TDS Payments deposited with the Income Tax Department. As per the Income Tax Act, TDS is liable to be deducted on all other payments if the payment expected to be made during the year is more than Rs. 30,000 unless exempted otherwise. Although ...

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What is TAN Number and How to apply for TAN No.

What is TAN Number and How to apply for TAN No.

TAN Number is a 10 Digit Alphanumeric Number and is used as an abbreviation for Tax Deduction and Collection Account Number.  Every Assessee liable to deduct TDS is required to apply for a TAN No. and shall quote this number in all TDS Returns, TDS Payments and any other communication regarding TDS with the Income Tax Department. As per Section ...

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TDS Payment Online: Procedure, Due Date & Interest on Late Payment

TDS Payment Online: Procedure, Due Date & Interest on Late Payment

TDS Payment is liable to be made by any assesse who has deducted TDS at the time of incurring any expenditure. The Due Date for TDS Payment is separate for Govt. and Non-Govt. assessee’s as mentioned below Due Date for TDS Payment in case of Govt. Assessee S. No. Particulars Due Date 1. Tax Deposited without Challan Same Day 2. ...

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House Rent Allowance: Calculation & Taxability

House Rent Allowance: Calculation & Taxability

House Rent Allowance is given by the employer to the employee to meet the expenses in connection with rent of the accommodation which the employee might have to take for his residential purpose. This House Rent Allowance so paid by the employer to his employee is taxable under head “Income from Salaries” to the extent it is not exempt u/s ...

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Section 80D: Tax Deduction for Payment of Medical Insurance Premium

Section 80D: Tax Deduction for Payment of Medical Insurance Premium

Section 80D provides for tax deduction from the total taxable income for the payment (by any mode other than cash) of medical insurance premium paid by an Individual or a HUF. This tax deduction is available over and above the deduction of Rs. 1,00,000 under Sec. 80C. The deduction under Sec 80D is allowed for making a payment to effect ...

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Download Income Tax Form 26AS online

Download Income Tax Form 26AS online

Form 26AS is a Tax Credit statement which shows the Income Tax that has been paid by the Taxpayer. Form 26AS is a consolidated statement and contains all details of the taxes paid and deposited with the Income Tax Department. The Details of the Tax paid are classified under the following heads:- Part A – Tax Deducted at Source (TDS) ...

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CA/CWA Industrial Training Vacancy in Genpact

CA/CWA Industrial Training Vacancy in Genpact

Genpact is expanding is Finance & Accounts department and is looking to hire CA & CWA Students as Industrial Trainees for its Gurgaon Office The Trainees would be paid a stipend in the range of Rs. 10,000-15,000 p.m. Interested Candidates shall send their profiles to ca.trainees@charteredclub.com About Genpact Genpact is a global business process and technology management company which is ...

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