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ESI--Employee-State-Insurance-Scheme
Income Tax Learning

What is ESI? What is the meaning of ESIC? The Employees State Insurance Scheme is social insurance embodied to protect employees from the incidences like maternity, sickness, disablement, and death due to employment injury which results in loss of wages and to provide medical care to insured and their family. The Act also ensures reasonably good medical care to workers and their dependents. Employees’ State Insurance Corporation (ESIC), incorporated under the ESI Act. It is an autonomous corporation regulated under the supervision of the Ministry of Labour and Employment, GovernmentSEE DETAILS

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difference-between-Form-16-and-Form-16A
Income Tax Learning

Every assessee having taxable income, is under obligation of disclosing his income sources to the Income Tax Authority of India. This is done by filing an income tax return. One of the biggest factors which has to be considered in this regard is TDS or tax deducted at source. According to the Income Tax Act, any person or company making payment should asper the provisions deduct TDS and deposit the same with the central government. While the person or organisation making the payment is known as deductor, the person orSEE DETAILS

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PRAN
Income Tax Help, Income Tax Learning, Income Tax Saving

Retirements don’t come easy and zillion minutes goes by planning for the retirement. It becomes very difficult for people to save for their retirement because of the current needs and demand. Sometimes we worry so much about the future that we forget about our present and compromise on our current needs with the aim of saving some money for retirement. To ease our common worries about the future, the government launched the National Pension Scheme. What is the National Pension Scheme (NPS)? The National Pension Scheme was launched in 2004SEE DETAILS

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ITR-Forms-For-FY-2018-19(AY-2019-20)
Income Tax e-Filing, Income Tax Help, Income Tax Learning, Latest News

With the beginning of the new financial year, time for settlement of accounts and disclosing what one has earned in the previous year arrives. Such disclosure is required to be filed in the form of returns prescribed by Income Tax which are known as Income Tax Return (ITR) Forms. As always CBDT has notified the Income Tax Return forms for FY 2018-19( AY 2019-20). These ITR forms contain fields to furnish the relevant and required information. There are different ITR forms for different categories of taxpayers/ assessee/ user. In thisSEE DETAILS

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EPF--Process-to-transfer-online,-Check-Transfer-Status
Income Tax Learning, Income Tax Saving

As an employee, you are entitled to provident fund, which is also known as Employee Provident Fund. But there are several questions which revolve around this concept like what exactly it means, who contributes to it and most importantly what happens to the fund when you change your employment. If you are looking for answers to the question above, then this is the right place for you. We have briefly covered the basics of EPF and EPFO in this blog. You will also find a detailed guide on how youSEE DETAILS

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E-Filing-Vault
Income Tax Learning

What is the e-Filing vault? Is it related to e-filing your Income tax returns? Is the e-Filing system a secure system? These questions might bother you if you come across terms like e-Filing vault and e-Proceedings. Fret not, this blog will explain everything about e-Filing fault and you can check out our other blog for information regarding e-Proceedings. What is the e-Filing Vault? e-Filing vault is a two-level authentication process which provides extra security to your e-Filing account. It protects your account from misuse and fraudulent activities. e-Filing Vault limitsSEE DETAILS

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What-is-Gross-Total-Income
Income Tax Learning

Tax in itself is a tedious phenomenon and the complexity increases when various terms are also added to the list. We all know that tax is levied upon income. But, income has been further classified and referred to by various names in India such as Exempt Income Taxable IncomeTotal incomeGross Total Income Etc. In this blogpost we will get you a detailed understanding upon Gross Total Income or GTI. What is the relevance of Gross Total Income? Why you should know about it? How it is calculated? The difference betweenSEE DETAILS

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salary slip
Income Tax Learning

Every employee is entitled to receive a salary slip from his/her employer. This is a legal document which acts as proof of your employment. It’s an important document which has all important details about your salary like basic salary, medical allowance, conveyance allowance, deductions, and other information like your employee code, date of joining, and bank details etc. It is imperative that you keep them safe since these are used to compute Income tax payable and also serve as an evidence of your claim to the Government (in case required).SEE DETAILS

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E Verify
Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning

Process to download and send ITR-V to Income Tax Department – CPC The task of ITR just does not get over with submitting it successfully. It ends from your side after the verification of Income Tax Return has been successfully done. What is verification of Income Tax Return? After filing of the tax return Income Tax Department seeks from us the confirmation. It is generally for the purpose that the return has been filed as per our knowledge. No return is valid or processed at the centralized processing center, BengaluruSEE DETAILS

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Income Tax Learning

In our first part, we already discussed TDS on sale of property by resident u/s 194IA @1%. through this blog we will enhance our understanding on the tax to be deducted by Non-Resident seller. When a NRI makes a sale of property in India the buyer is required to deduct TDS under section 195 of the Income Tax Act 1961. The rate of the tax deduction is not fixed at 1% unlike section 194IA in this case. Rather, it would depend upon the nature of capital gains arising out ofSEE DETAILS

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