employee salary slip format, payslip

Salary Slip: Components, Importance Download Salary Slip Format in Excel, Word

A Payslip is such an important document that it is required to be produced for availing benefits and separation payments to an appropriate recipient after an employee is deceased. What is Salary Slip or Payslip? A salary slip or Payslip is a document issued by an organization to its employee that comprises a list of […]

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income tax

Income Tax: How income Tax is Calculated in India 2020

Merriam Webster defines a tax as “a charge usually of money imposed by authority on persons or property for public purposes.” It is a compulsory contribution from an individual to the government to be used in meeting the expenses incurred in the common interest of the public. Types of Taxes: Direct and Indirect Taxes Taxes […]

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What is Form 15 G? Why 15G form is required for FD?

ITR filing: What are Forms 15G and 15H? Why should you fill it?

Around 5.52 Crore citizens and 8.41 Lakh companies filed for income tax returns in the financial year 2017-18. Form 15G and 15H have to be submitted to avail tax exemption benefits on total investment.  Any tax deduction on interest income can be restricted up to a stipulated limit through such forms. Form 15G has to […]

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Reasons for Receiving A Tax Notice

Top 10 Reasons for Receiving A Tax Notice From Income Tax Dept.

There are multiple reasons for why you as a registered taxpayer, might receive a tax notice from the income tax department like missing the due date of ITR filing, calculation errors, claiming excessive losses, etc. The income tax department issues the tax notices to registered taxpayers under the Section 139(9), 143(1), 143(2), 143(3), 245, 144, […]

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How to File GSTR-3B on GST Portal

How to File GSTR-3B on GST Portal?

GSTR-3B is a return that has to file by every registered taxpayer. Every taxpayer needs to file this GSTR-3B until June 2019. GST Portal provides the facility of filing GSTR-3B. However, you may face some problems while filing GSTR-3B on GST Portal: Values cannot be copy-pasted. This may increase the chances of errors due to […]

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Tax Issues All Business Owners Need To Consider In 2019

Best Tax Saving Investment Plans in India 2020

Saving taxes is one of the trickiest undertakings for any earning individual as with the rising prices of commodities and increasing inflation it has become imperative for the salary men and businessmen alike to save taxes and increase savings. In this article we shall talk about the most efficient ways available today to help you […]

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