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According to the Income Tax Act of 1961 , some forms of income are not taxed in India. The IT Department is not allowed to deduct taxes...

The income of an individual or an organisation is subject to TDS, or tax deducted at source, as per the Indian Taxation Code. Before...

Salaried taxpayers may or may not be particularly worried about the intricacies of their wage structuring and the various types of...

Understanding your salary breakdown is essential for better financial planning, and basic salary forms the core of this structure. It is...

The Income Tax Act's Section 194-IB addresses the tax withheld from rent payments at the source. To put the "Joint development agreement"...

All employers in the public sector provide their workers with base pay in accordance with the applicable pay scale. The take-home pay is...

The income of an individual or an organisation is subject to TDS, or tax deducted at source, as per the Indian Taxation Code. Before...

Transfer pricing refers to the price at which goods, services, or intellectual property are exchanged between subsidiaries, divisions, or...

Assuring that taxpayers pay their fair share of taxes and complete all requirements, tax assessment is a crucial component of the Indian...

India's Faceless Assessment Scheme streamlines income tax filing by doing away with in-person encounters with tax officials. The scheme...