In India, salaried employees are now filing their income tax returns in a new way. This is largely thanks to Digital Form 16, which is a big part of the government’s push for more digital services. Just like Aadhaar (your unique ID), UPI (for online payments), and other online government services under the Digital India … Read more
TDS On House Rent If you pay more than ₹50,000 in rent each month, there’s a rule about deducting Tax Deducted at Source (TDS) before you pay your landlord. Since October 1, 2024, this TDS rate is 2% of the rent. However, before October 1, 2024, the TDS rate was higher, at 5%. Because of … Read more
New TDS/TCS Rules 2025: The new Income Tax Bill has made several changes in the TDS (tax deduction at source) and TCS (tax collection at source) rules. These changes have been announced this year in 2025 and will be implemented from April 1, 2025. The bill proposes to increase the tax limit for various provisions. … Read more