In-Hand salary: take-home salary is known as in-hand salary, it is the income which the employee obtains each month post-tax and additional deductions. Under the terms of the company, the employer deducts the amounts in the TDS form, PF, professional taxes, etc. Post deducting all kinds...
TDS Types and its rate TDS deposit due date FAQ's on TDS Section NumberSourcePayee typeThreshold LimitTDS Rates 192Salary PaymentIndividualBasic exemption limits based on the income tax slab rates.Rates of Income Tax in force. 193Interest on securitiesResidentBasic exemption limits based on the in...
So, we can say that TDS is deducted from various incomes such as Salary, Commission, Rent, Professional Fees and Interest. However, TDS is not confined to just these incomes. The responsibility of deducting the TDS lays on the shoulders of the TDS deductor that is the employer or the pa...
After this, you will have to enter your complete address, and also the amount of it is an advance claim. Click on the 'Get Aadhaar OTP' option. Once you enter the OTP received on your number, and it is verified, you have successfully submitted your application. ...
The biggest drawback about the CTC structure is that it includes many deductibles that form a part of the overall salary but do not come into the employee’s hands. This makes CTC look much more inflated. This is where the concept of take home salary comes in. ...
Payroll compliances like PF, PT, TDS – both calculation & filing Direct salary disbursals into employee bank accounts Employee Group Insurance Employee onboarding & offer letter generation And more! Join 5000+ Leading Startups Read more: Payroll Software What is Payroll Payroll Process Payroll...
Come end of financial year, and we all dread a stipulated deduction from our salary in the name of income tax. But seldom are we aware of the meaning of income tax and its compositions. So let’s read all about income tax in detail and understand how it affects business professionals ...
Central government employees are optimistic about the upcoming 8th Pay Commission following a 3% dearness allowance hike. This increase, now at 53%, is effective from July 1, 2024, and means employees will receive three months of arrears with their October salary. The 8th Pay Commission is expe...
Increased TDS Limits – How this change is going to benefit Senior Citizens? Green Valley Data Breach Class Action Settlement – Who is Eligible to Claim $4400 Payment? Facebook’s $725M Settlement Payout – Who Qualifies? Know About Application Process ...
SUN Bucks Program – Is it still Available? Know About Eligibility & Amount by Samarth Choudhary Increased TDS Limits – How this change is going to benefit Senior Citizens? by Samarth Choudhary Green Valley Data Breach Class Action Settlement – Who is Eligible to Claim $4400 Payment?