Senior Citizen Savings Scheme: This is a program sponsored by the Indian government which is administered to the general public by a list of banks that are certified as providing senior citizens savings schemes, and by the Postal Departments that have offices to serve the public. There is an innovative senior citizen savings scheme offered … Read more
PAN Card Status: UTI or NSDL Track PAN Online 2024: When you apply for a PAN card, you get an acknowledgement receipt. The acknowledgement receipt has the acknowledgement number. The acknowledgement number will help you to track your PAN application status. You can check or track your PAN card status with this acknowledgement number easily. … Read more
In some cases, the name on Aadhaar and PAN is not the same or the name on PAN is misspelled for any reason. For any reason, you want to change your name on your PAN card. There may be spelling errors or their name does not match what’s on their Aadhaar card. It is very … Read more
PAN Card Correction Online 2024 Complete Procedure – Changes in Name, Date of Birth, Father’s Name, Photo Mismatch, Signature Mismatch, Detail of Parents etc. In PAN CARD, there might be a little error. It can be like wrong spelling or wrongly written Date of Birth etc. But, no need to worry because it is very … Read more
Under GST, you as a taxpayer must comply with certain obligations. You have to provide information on a periodic basis in the form of returns or statements; monthly/quarterly/annually. These returns are filed on the GSTN portal i.e., what all you have sold and taxes paid thereon. It also contains details about your purchases made and … Read more
Sukanya Samriddhi Yojana 2024: The Sukanya Samriddhi Yojana is a government savings plan for girls. Parents can start an account before their daughter turns 10 and deposit Rs 250 to Rs 1.5 lakh per annum. It gives high-interest rates and tax-free returns. So, invest in your daughter’s education and marriage today. The Sukanya Samriddhi Account … Read more
Sukanya Samriddhi Yojna Calculator Excel: Personal finance is a field that deals with complicated calculations and forecasts, so it would be very helpful to have something that can simplify them. A new Excel tool has been developed which enables investors to comprehend their investments in the Sukanya Samriddhi Yojana better. This Sukanya Samriddhi Yojna Calculator … Read more
Newest FAQ on GST Composition Scheme: In this article, we will answer some common questions about the GST composition scheme. These are the questions most people have when dealing with GST composition scheme. By answering them in clear and simple terms, we hope to make it easier for businesses and taxpayers alike to understand and … Read more
GSTR 9 Annual Return: Turnover Limit, Last Date, Late Fee and Rules: This is a yearly report that needs to be filed by most companies under the GST regime. GSTR 9 is a summary of the entire year’s activities vis-a-vis what taxpayer declared in the returns versus what is there in their financial books. There … Read more
GST Composition Scheme Turnover Limit: The maximum turnover for a company that wants to be part of the GST composition scheme is INR 1.5 crore. This amount of income indicates which businesses can choose the Composition Scheme to simplify their taxes and reduce rates. GST Composition Scheme Turnover Limits Overview This table explains, in brief, … Read more
GST Composition Scheme Tax Rates – Latest 2024: The tax rates listed here are applicable for businesses registered under the Composition Scheme of Goods and Services Tax (GST) in India. The given tabular representation shows different types of business categories covered under the composition scheme i.e., manufacturers/traders/service providers etc., restaurants except those who serve liquor; … Read more
Composition Scheme under GST: The Composition Scheme is like a shortcut to pay GST and filing GST returns easily. They can bypass all the complexities of the Goods and Services Tax and follow this easier alternative. The Composition Scheme operates on a different principle than the normal system in which taxes are paid based on … Read more
ITR Filing Last Dates AY 2024-25: For the financial year 2023-24 (assessment year 2024-25) the last date to file income tax returns is July 31, 2024. In case you miss this date, you will have to pay extra charges. Firstly, there is interest which refers to the additional amount that an individual has to pay … Read more
The government has released new tax forms (ITR Forms 2, 3, and 5) for the year 2024-25 through a notice called Notification No. 19/2024, dated January 31, 2024. What you need to know about the new forms: The types of forms for different taxpayers are still the same. However, the new forms ask for more … Read more
Check the official links we have shared with you for downloading India’s Budget 2024 important documents. You can get the Finance Minister’s speech, highlights and the Finance Bill in PDF format from the official Union Budget of India website itself: https://www.indiabudget.gov.in/. Keep yourself up-to-date about the key fiscal policies and government allocations for next year … Read more
Fillable Form 15G and 15H PDF as Excel: In India, Form 15G and Form 15H are self-declaration forms used to declare that one’s income is below the taxable limit. These forms are primarily meant for avoiding tax deduction at source on certain incomes like interest earned on fixed deposits, recurring deposits etc when income falls … Read more
If one is aged 60 years or over,they can fill up form 15H so that tax can be reduced from the interest that they earn on fixed deposits or recurring deposits in banks. In the case of citizens who are classified as senior by Indian banks and other financial institutions, a provision is made to … Read more
When you do not earn enough money to pay taxes, you can fill out Form 15G and give it to the bank or any other financial institution. It is a declaration that your annual income does not exceed Rs. 2.5 lakhs so they will not deduct TDS (tax deducted at source) while disbursing funds from … Read more
TDS upon withdrawal of EPF: This term refers to the tax deduction made from the sum taken out of the Employees’ Provident Fund. The difference in the amount deducted depends on factors like duration of withdrawal, the amount involved and whether PAN details have been provided or not. On EPF withdrawals, TDS deduction can be … Read more
TDS Return Due Dates FY 2024-25 AY 2025-26: TDS returns are a crucial compliance requirement for TDS deductors. Filing your TDS return in a timely manner is imperative; failing to do so can lead to substantial penalties along with late payment of TDS. In this article, we will outline the TDS return due dates, TDS … Read more