Senior citizens are eligible for specific tax benefits, such as the ability to fill out Form 15H to prevent TDS from being ...

UAE — In a significant move to empower SMEs with smarter financial management, Tally Solutions, a leading international technology provider of business management software, has announced the launch of ...

ET Online Income Tax Regime: The TDS on salary will be deducted at default tax regime if you fail to inform your employer about the preferred tax regime. Understanding the income tax laws applicable ...

(2) No deduction ... TDS rate shall be applicable as per section 195 in conjunction with section 194T. 6. If Partner does not furnish Pan / Aadhar, TDS shall be at 20% as per section 206AA of the ...

Nagaland Sambad Lottery Result 2025: Prize Winner Tax Rule According to Section 194B of the Income-tax Act, 1961, if the prize money exceeds ₹10,000, it will be subject to TDS deduction. Residents ...

However, for most salaried taxpayers, actual filing typically starts in late May or June once they receive Form 16 — a key document issued by employers that summarises the salary paid and TDS deducted ...

Tax is deducted at source (TDS) at 30% on such winnings, and the individual must also pay applicable surcharge and health and education cess. If the total tax liability exceeds the TDS deducted, the ...

The new tax regime is the default tax regime. So if an individual does not inform his/her employer of the preferred choice of tax regime, then TDS on salary will be deducted as per income tax slabs ...