Section 194I- TDS on Payment of Rent
What is Section 194I? Any person who is not an individual or HUF, who is paying any income to the resident by way of rent is liable to deduct tax…
Section 194C –TDS on Payment to Contractor
At the time of making any payment, TDS is required to be deducted by the person making the payment. The rate of TDS depends on the nature of the payment…
Income Tax in India: All You Need to know
Taxes are mainly of two types, direct taxes, and indirect taxes. Income Tax is a direct tax that is charged on an individual’s or entity’s income. The tax is calculated on…
Income Tax Slabs and Rates For FY 2020-21
Income tax is levied on the income earned by all the individuals, HUF, partnership firms, LLPs, and Corporates as per the Income-tax Act of India. In the case of individuals,…