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Form 16 for Salaried Employees: Do Every Salaried Employee Receive It
Form 16 is an essential document for salaried employees in India, acting as proof of the tax deducted at source (TDS) from their income...
Rashmita Choudhary
4 days ago10 min read
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Last Date for Filing Belated Return: Deadlines, Penalties, and Key Considerations
Filing income tax returns on time is essential to avoid penalties, interest, and legal complications. Timely filing ensures compliance...
Rajesh Kumar Kar
Mar 2512 min read
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Penalty for Belated Return Under Section 234F: Last Date, Deadlines, and Key Considerations
Section 234F of the Income Tax Act, 1961, was introduced by the Finance Act, 2017, to promote the timely filing of income tax returns...
Nimisha Panda
Mar 258 min read
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Form 16 Eligibility Criteria: Who is Eligible & How to Use It for Tax Filing
Form 16 is a crucial document for salaried individuals in India, serving as a certificate issued by employers that summarizes the tax...
Nimisha Panda
Mar 2413 min read
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How is HRA calculated for tax exemption?
House Rent Allowance (HRA) is a crucial part of the salary structure for many employees, designed to ease the financial burden of rental...
Nimisha Panda
Mar 2413 min read
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Filing ITR-U for Missed Tax Returns: When and How to Use the Updated Return Option
Filing income tax returns accurately and on time is crucial for compliance with tax regulations. However, taxpayers often make errors or...
Nimisha Panda
Mar 248 min read
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Bank Account Opening Form: A Complete Guide for Smooth Account Setup
Opening a bank account is a crucial step in managing your finances, and one of the first tasks in this process is completing the bank...
Nimisha Panda
Mar 2411 min read
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Understanding Advance Tax and Section 87A: Can You Reduce Your Tax Liability?
Tax liability can be a major concern for individuals and businesses, but strategic tax planning can significantly reduce the burden. Two...
Nimisha Panda
Mar 2013 min read
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Advance Tax vs. TDS: When Do You Need to Pay Extra to Avoid Penalties?
India’s income tax system requires taxpayers to fulfill their obligations through Advance Tax and Tax Deducted at Source (TDS) to ensure...
Dipali Waghmode
Mar 1916 min read
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Advance Tax v/s Belated Return: How to Avoid Penalties and Interest Charges?
Paying taxes on time is important for both individuals and businesses in India. The Income Tax Act, 1961, requires people to pay their...
Dipali Waghmode
Mar 1917 min read
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