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Showing posts from April, 2021

TAX SERIES :Overview of income tax law from the view point of Salaried employees(series-2 )

Hello everyone! Welcome back to my blog.  Very glad  to know that many of you have gone through the Tax series -1. If you haven't read the same,  click here  to read through the same to get a better understanding of this series. If you haven't subscribed to this blog, please subscribe by clicking subscribe icon. If you find it difficult reading this blog in English, then select your preferred language  (ex., తెలుగు,   தமிழ், ಕನ್ನಡ ,  etc.) by clicking on the translate button available in the gadget icon on the left side of this blog. A quick recap of contents in Series-1. 01.Difference between Income tax and GST. 02.Previous year and Assessment year.  03.Basic Exemption Limit and Assessee. 04.Concept of TDS.   Click here to get into any section of any act. In continuation to Series-1, I would like to draw your attention to the following. 01 . At what rate TDS will get deducted from salaries and what is the eligible salary for the requirement of TDS deduction? 02. What is advanc

TAX SERIES :Overview of income tax law from the view point of Salaried employees(series-2 )

Hello everyone! Welcome back to my blog.  Very glad  to know that many of you have gone through the Tax series -1. If you haven't read the same,  click here  to read through the same to get a better understanding of this series. If you haven't subscribed to this blog, please subscribe by clicking subscribe icon. If you find it difficult reading this blog in English, then select your preferred language  (ex., తెలుగు,   தமிழ், ಕನ್ನಡ ,  etc.) by clicking on the translate button available in the gadget icon on the left side of this blog. A quick recap of contents in Series-1. 01.Difference between Income tax and GST. 02.Previous year and Assessment year.  03.Basic Exemption Limit and Assessee. 04.Concept of TDS.   Click here to get into any section of any act. In continuation to Series-1, I would like to draw your attention to the following. 01 . At what rate TDS will get deducted from salaries and what is the eligible salary for the requirement of TDS deduction? 02. What is advanc

TAX SERIES :Overview of income tax law from the view point of Salaried employees(Series -1)

Hello everyone! Welcome to my blog. Here you can get to know all the information and updates related to Income tax   (Click on income tax for e filing site) and GST .  (Click on GST to get into GST portal) Click here to download the IT calendar for FY 21-22. If you find it difficult reading this blog in English, then please select your preferred language  (ex., తెలుగు,   தமிழ், ಕನ್ನಡ ,  etc.) by clicking on the translate button available in the gadget icon on the left side of this blog. To start with, I would like to share the whole view of Income-tax law applicable for salaried employees for AY 21-22 (FY 20-21) in a few series which a layman can understand Paying your income tax for the first time is a critical task for any citizen. Furthermore, the process can be too daunting and tedious for a first-timer and some of the terms tend to go right over the head. This needn’t be so. Many may skip the filing of  the income tax return as they may not know the advantages of filing of it and

TAX SERIES :Overview of income tax law from the view point of Salaried employees(Series -1)

Hello everyone! Welcome to my blog. Here you can get to know all the information and updates related to Income tax   (Click on income tax for e filing site) and GST .  (Click on GST to get into GST portal) Click here to download the IT calendar for FY 21-22. If you find it difficult reading this blog in English, then please select your preferred language  (ex., తెలుగు,   தமிழ், ಕನ್ನಡ ,  etc.) by clicking on the translate button available in the gadget icon on the left side of this blog. To start with, I would like to share the whole view of Income-tax law applicable for salaried employees for AY 21-22 (FY 20-21) in a few series which a layman can understand Paying your income tax for the first time is a critical task for any citizen. Furthermore, the process can be too daunting and tedious for a first-timer and some of the terms tend to go right over the head. This needn’t be so. Many may skip the filing of  the income tax return as they may not know the advantages of filing of it and