PPF For Regular Income: How to get Rs 1,20,000/month tax-free income from Public Provident Fund?
Only Indian residents can open a PPF account. It has a minimum tenure of 15 years. The principal amount invested and the ...
To avoid new TDS on interest above Rs 1 lakh how much senior citizens should invest in bank FD
In pay-out type FD like shown in the above table, no TDS will be deducted as the principal and interest amount will remain ...
Tax Guru5h
Orissa HC Quashes TDS Prosecution Citing Payment Acceptance, Financial Distress & COVID-19
The Orissa High Court ruled in favor of the petitioner, citing precedents from the Jharkhand High Court and its own past rulings. The court emphasized that since the government had already accepted ...
Tax Guru5h
Orissa HC Quashes TDS Prosecution for Explained Delay & Payment with Interest
1. In the present petition, the petitioner is assailing the order dated 22.02.2023 passed by the learned Addl. Chief Judicial Magistrate (Special Court), Cuttack in 2 (c) CC Case 13 of 2023 whereby ...
The government is banking on tax cuts to boost consumption. What if it doesn’t pan out?
Cutting tax rates can promote growth, and conversely raising taxes can hinder it—the intellectual heritage of this line of thought stretches back to an 18th century economist. But this theory ...
Canada19h
Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...