All the persons whose total income earned in the previous year is more than the amount exempted from the income tax are liable for the payment of tax. Further, the payment of tax should be on the taxable amount that is more than the exempted amount according to the rates specified under t...
Interest earned from investments is generally taxable, and Savings Accounts are no exception. The interest is added to your "Income from Other Sources" and taxed based on your income slab. However, under Section 80TTA of the Income Tax Act, 1961, you can claim a tax exemption of up...
A significant aspect of payroll is calculating and withholding taxes from employee wages. This includes income tax and sometimes unemployment taxes. The appropriate tax rates and deductions depend on various factors like employee location, earnings level, and filing status. Payroll Processing in India H...
offering higher interest rates than regular Fixed Deposits. These FDs provide better returns on savings and come with flexible tenures ranging from a few months to several years, ensuring guaranteed returns. They are an excellent choice for retirees looking for a secure and predictable income stream...
The plinth area at the Ground level of the building is to be taken for the calculation of the roofslabfinishing. the Super Structure cost will be 80% of the Super Structure cost of Non-ResidentialBuildingsfor the school building. the rates in Annexure-V shall be adopted, For super-structure...
The coupon or interest is taxed at your income tax slab rate. Capital gains on NCDs sold after being held for up to one year are considered short-term and taxed at your slab rate. Long-term capital gains are taxed at 10 per cent without indexation. ...
Does dividend income count as taxable income? Yes, dividend income is counted as a taxable income under the shareholder's applicable Income Tax slab rate. As per the rates, the dividend income is subject to a TDS of 7.5% in case the dividend receivable is greater than INR 5000. ...
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not ma...
Minimal Tax Impact: Liquid mutual funds are usually taxed as per the Income Tax slab. This simplifies tax planning. High Credit Quality: These funds invest in highly rated, short-term securities, ensuring a high degree of credit quality and stability. ...
On the other hand, in a Non-cumulative FD, the interest is paid regularly and you have to pay the tax on the interest income as per your tax slab each year. Interest rate and tenure: FD interest rates options for both the FDs. Analyse the prevailing interest rates and any special ...