Senior citizens who are earning income below the basic exemption limit will no longer use Form 15H to avoid tax deducted at source (TDS). Under the Income-tax Rules 2026, this form has been replaced ...

A bank deducts 10% TDS if the interest payable on a customer’s fixed deposit exceeds ₹50,000 ( ₹1 lakh for senior citizens) in a financial year. A customer must submit Form 121 to avail a TDS ...

EPFO 3.0 can be described as a technologically advanced version of the PF system. Its introduction eliminates the need for ...

AI Quick Read The Central Board of Direct Taxes (CBDT) recently issued an important clarification on the concept of Tax Deducted at Source (TDS) for bank interest. The CBDT issued the clarification ...

ITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted ...

Managing taxes as a salaried employee is not just about saving money at the end of the year. It involves making the right declarations, keeping records and staying organised.