income tax

Income Tax

The percentage of the income which is paid to the government for funding of infrastructure development,for paying salaries of the employees which get employed by state or central government,etc is called Income tax.Income tax act,1961 administers the provision of levying,collecting and recovering … [Read more...] about Income Tax

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Income Tax

The income tax received by an employee from the employer falls under this category. The employers should regulate the tax payment under Section-192 if their employee's income falls in taxable range. The employers must also provide a Form 16 to the employees, which is comprised of the details of tax … [Read more...] about Income Tax

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Income Tax

The income tax received by an employee from the employer falls under this category. The employers should regulate the tax payment under Section-192 if their employee's income falls in taxable range. The employers must also provide a Form 16 to the employees, which is comprised of the details of tax … [Read more...] about Income Tax

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Income Tax

Income tax falls under the ambit of direct taxation such as capital gains tax, securities transaction tax; however, there are various indirect taxes as well that we pay such as sales tax, VAT, Octroi, service tax, and a few others. … [Read more...] about Income Tax

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Income Tax

CBDT is responsible for regulation of Direct Tax laws via IT department and it comes under the revenue department of Ministry of Finance.Income tax department also takes care of detection of avoidance of tax. … [Read more...] about Income Tax

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