When this happens, it increases the salary. Also, note that many salary components are calculated based on the basic salary, and a rise in the basic salary would mean a substantial rise in the gross salary. Also Read: All About Special Allowance - its Taxation & Calculation in India ...
What happens once I've submitted my tax return form?Posted 6 April 2022 One of the questions most asked when it comes to tax season, is “what happens now that I’ve submitted my income tax return, when do I get my refund?”’ If you’re due a tax refund then you will probably...
Schedule AL is a statement of disclosure of assets and liabilities which the taxpayer shall disclose in the Income Tax Return (ITR). This was introduced from AY 2016-17. Where in the case of an assessee, there is a balance sheet the Schedule AL need not be filed if the applicable condit...
What happens if I don’t give Aadhaar for government schemes? The UIDAI has insisted that essential services like hospitalization and PDS will not be denied. Also, Section 7 of the Aadhaar Act provides some scope for other forms of authentication. However, direct benefit transfers, which means ...
The image below shows how ATM Fraud happens How ATM Fraud is done ATM Card Skimming ATM Card Skimming is a method used by criminals to capture data from the magnetic stripe on the back of an ATM card. Magnetic Strip of the card carries lots of information. Each stripe is made up of ...
And because your previous employer cannot see the future, it will always calculate your tax due as if you will not receive any additional income during the year (yes, even if you resigned in February). So when the opposite happens, your new employer will take into consideration your income ...
If you have an account in the above list but still you can’t view 26AS, then immediately inform about this to your concern bank. This usually happens when your Permanent Account Number (PAN) is not mapped correctly. Moreover, a taxpayer can view Form 26AS online by registering on TRACES...
5. What happens if someone as declared most of the their foreign financial assets and could not declare just a miniscule part because of lack of clarity about the ownership of the funds or have totally forgotten about an accound opened may be 20 years back and lying unused or being used ...