Form 26AS:
Form 26AS is an annual statement maintained and generated by the Income Tax Department for each individual assesse, which contains all tax related information of...
Financial year and Assessment year
Financial year: The Financial year is the time period which you have earned/received an income in a time period. Any income earned in the period...
Penalty for not Paying Taxes
The government can impose penalties on any individual or legal entity who evades taxes. The penalty is dependent on the category of the tax that...
Income Tax Slab Rates
Old Tax Regime GENERAL CATEGORY NON – SENIOR CITIZENS AGE BELOW 60 YEARS NET INCOME TAX RATES BELOW 2.5L NIL 2.5L TO...
Advantages of Paying Taxes:
Loan approvals: Filing taxes will help you to get easy loan approvals (Home loans, vehicle loans etc ITR copies are mandatory to get loans. Visa...
Form 16A – Certificate u/s 203 of the Income Tax Act, 1961 for TDS on Income other than Salary
Provided by Details provided in the form Deductor to Deductee Form 16A is a Tax Deducted at Source (TDS) Certificate issued quarterly that captures the...
Form 16 – Certificate of Tax Deducted at Source on Salary
Provided by Details provided in the form An Employer(s) to his Employee at the end of the financial year Income of the such person, Deductions...
4. ITR-4 (SUGAM) – Applicable for Individual, HUF and Firm (other than LLP)
This return is applicable for an Individual or Hindu Undivided Family (HUF), who is Resident other than Not Ordinarily Resident or a Firm (other than...
3. ITR-3- Applicable for Individual and HUF
This return is applicable for Individual and Hindu Undivided Family (HUF) Having Income under the head Profits and Gains of Business or Profession Who is not...
2. ITR-2 – Applicable for Individual and HUF
ITR-2 IS APPLICABLE FOR This return is applicable for Individual and Hindu Undivided Family (HUF) Not having Income under the head Profits and Gains of Business...