This article displays gold and silver rates in India starting 1981.
Continue reading “Gold and Silver Rates in India”COVID-19 Relief Measures in Income Tax
On 24th March 2020, the Union Finance Minister announced several measures taken by the Government of India in view of the COVID-19 outbreak and nationwide lockdown. The relief measures related to Income tax are detailed below.
Continue reading “COVID-19 Relief Measures in Income Tax”Submitting Tax Saving Proofs to Employer
Why Employers Ask for Tax Saving Investment Proofs?
Employers are responsible to deduct income tax (TDS – Tax deduction at source) from salary paid to its employees and deposit the same to income tax department. But income tax is complicated and the final tax depends on the tax saving investments a person makes or if the person lives on rent or if he has a house. So to compute your taxes correctly your employer asks for a declaration at the start of financial year (in April). The TDS is deducted based on this declaration. Continue reading “Submitting Tax Saving Proofs to Employer”