For salaried individuals in India, understanding Advance Tax is crucial for financial planning and compliance with income tax laws. While salaried employees typically have tax deducted at source (TDS), certain situations may require them to pay advance tax. This blog provides a comprehensive guide to help you understand what advance tax is, who needs to […]
A Complete Guide to Advance Tax for Salaried Employees Read More »
What is Advance Tax? Advance tax, also known as “pay-as-you-earn tax,” is the income tax that individuals, businesses, and other entities are required to pay in installments during the financial year, instead of waiting to pay the entire amount at the end of the year. It is essentially a way for the government to collect
Section 234C – Interest on Short payment of Advance tax Read More »
What is Advance Tax? Advance tax, also known as “pay-as-you-earn tax,” is the income tax that individuals, businesses, and other entities are required to pay in installments during the financial year, instead of waiting to pay the entire amount at the end of the year. It is essentially a way for the government to collect
Section 234B – Interest on Delayed payment of Advance tax Read More »
What is Advance Tax? Advance tax, often referred to as the “pay-as-you-earn” tax, is a system where taxpayers are required to pay their taxes in installments during the financial year, rather than waiting until the year-end. It ensures that individuals and businesses contribute to the government’s revenue in real-time based on their income as it
Advance tax – Meaning | How to pay | Due date | Penalties Read More »
In india, taxpayers pays tax based on various levels of income. The tax rates are based on income and age. In this guide we will understand the basic exemption limit, taxslabs for various individuals based on age, conditions when ITR filing for income less than 2.5 lakhs is mandatory and benefits of ITR filing. What
ITR filing for income less than 2.5 lakhs Read More »
Introduction Gold, a perennial favorite among Indian investors, has evolved beyond traditional forms into the realm of paper gold and Understanding the taxation intricacies of gold Exchange-Traded Funds (ETFs), mutual funds, and Sovereign Gold Bonds (SGBs) is crucial for every investor. In this comprehensive guide, we demystify the tax landscape, making it accessible to all,
Income tax on Gold ETF, Sovereign Gold Bonds in India Read More »
Introduction In the ever-evolving landscape of investments, digital gold has emerged as a convenient and popular choice, especially among the younger generation. With its ease of affordability and simplicity, many are turning to digital gold as a viable investment option. However, like any investment, understanding the taxation on gains is crucial. In this article, we
How is Digital gold taxed? Read More »
