Each employer or deductor who deducts TDS (Tax Deducted at Source) from your compensation/salary is committed to store it with the income tax department against your PAN. In any case, now and then, they neglect to do as such. If such a thing happens the taxpayers gets in between and demands the tax payer to clear of the balanced tax…Read More
How to calculate the tax payable amount?
In order to find the deducted tax from your income, its important to know how to compute the taxable income. Once you know what your taxable income is, it will become easier for you to calculate the taxable amount. The income tax amount will be based on these 5 primary things. 1. Income that you earn. 2. Income from any…Read More
The Government may reduce PF Contribution to in-hand salary soon
It seems that the labour minister is inclined towards recommending a lesser contribution by the government for towards the Employees Provident fund. If we go by the reports, it has been said that the committee is having a discussion on the amount of contribution to be made towards the EPF by the government. It has also been speculated that the…Read More