By | 2018-08-08T08:52:18+00:00 June 29th, 2016|Categories: Income Tax Guide|Tags: , , |

FURNISH PAN WHEN TDS DEDUCTED The importance of PAN card has been increasing with time. Importance of PAN card is never understood by a common person. This article shall provide a depth into the importance of PAN card and its advantage in TDS. WHAT IS PAN CARD? PERMANENT ACCOUNT NUMBER:” It is a unique 10 digit [...]

Saving Tax through Education Loan

By | 2018-08-08T09:03:55+00:00 June 20th, 2016|Categories: Tax Savings|Tags: , |

Save Tax   An education loan will not only provide you fund for your higher studies but also help you to save tax. When you take a loan for higher studies, under Section 80E of the Income Tax Act, 1961 deduction is allowed for Interest that you pay towards this loan. Several forms of higher studies are [...]

Save TDS on Interest Income

By | 2018-08-08T12:37:53+00:00 June 13th, 2016|Categories: Tax Savings|Tags: , , |

Using Form 15G & 15H The most popular investment plans, fixed deposit is also payable to TDS by the banks and financial institutions. All the banks and financial institutions must and should deduct TDS on all interest income more than 10000.  The banks will issue the form 16 to furnish your TDS and providing all the [...]

Form – 16 & Verification

By | 2018-08-08T08:00:45+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , |

Form 16 Form 16 which is also called Salary Certificate issued by the employer to all his employees for every accounting year. This is what we called  “Tax deduction at source (TDS)” certificate. It is very important for a salaried employee from the point of view of Income Tax. While Income Tax Return Filing, one should submit [...]