Difference between Professional Tax and Income Tax: A complete guide Income tax is not the same as professional tax. While a professional tax is governed by the state government, the income tax is controlled by the federal government (Central Government). […]

7 primary differences between EPF and PPF (Public Provident Fund) Introduction Employees’ Provident Fund (EPF) is a retirement benefit programme designed only for those who receive a salary. The company and employee will both make contributions to this plan. The […]

A complete guide for Taxpayer on Difference between Section 80TTA and Section 80TTB  of Income Tax  Introduction Section 80TTA of the Income Tax Act is for HUFs, Individuals (but not Senior Citizens), and NRIs. However, Section 80TTB is only for seniors […]

“What is Section 80TTA under Income Tax?”, Deduction available under Section 80TTA of the Income Tax Act, and FAQs on Section 80TTA Introduction Everyone has a savings account, but the majority of us are unaware that the interest earned is subject […]

All you need to know on Section 80-IAC: Tax Incentives for Startups The Government of India has added Section 80-IAC to the Income Tax Act to kick-start the growth of startups in India and give the newly founded businesses a […]

All you need to know about Filing Revised TDS Return Introduction It’s important that you carefully go through your TDS statement when you receive it. You have the flexibility to submit the document for revision if there are any mistakes […]

“What is ITR Form 4?”, Eligibility for Filing ITR Form 4, and ITR Form 4 Filing Process Introduction Individuals and Hindu Undivided Families (other than LLP) with income from their own business or profession must file their income tax returns […]

“What is Form 12BA of Income Tax?”, Structure and Applicability of Form 12BA Introduction The laws governing income tax have established guidelines for the assessment of certain perquisites. Additionally, because Form 16 only contains a consolidated account of the pay and […]

Short Term Capital Gain Tax (STCG) and Long Term Capital Gain Tax on Shares Introduction People who often trade stocks or people who prefer to invest their money in stocks need to be aware that their profits and losses are […]