Income Tax

You are expected to pay the government a part of your earnings towards the welfare and development of the country. This contribution is called income tax.

In school, when someone failed to pay the fees in time, they were made to stand out of the class. It’s pretty much the same with filing of returns for TDS (Tax Deducted at Source). The only difference is you face dire consequences if you fail to file your TDS return within the stipulated time. Read more here about the consequences of not filing your TDS return in time.

The common man is all ears when the Finance Minister gets to the income tax rates and slabs during the annual budget speech. Having heard the terms TDS rates and slabs multiple times, you might wonder what it really means.

If you make payments to other parties, you may have to deduct tax before you do so. This is called Tax Deducted at Source or TDS.

We often hear analysts use this term. ‘EBITDA’ and ‘operating profits’ are inter-connected. This is especially so during the earnings season, when companies announce how they performed financially in a quarter.

Capital assets are real estate assets in the form of pieces of land or houses, cars, investment properties, stocks, bonds, and even collectibles or art.

Indian consumers are poised to benefit as scores of goods are likely to get cheaper from November 15.

Form 15G and Form 15H are self declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit.

While starting out in your career, you look for opportunities that can give your career a boost. You don’t tend to think twice before relocating to a new city.

State governments levy professional tax on people who earn a living through their profession. The tax rate differs from state to state.