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SBI's special FD offers up to 7.6% interest: Last chance to invest in SBI Amrit Kalash extended; check latest FD rates and more | India Business News

India Business News: State Bank of India (SBI) has prolonged the availability of its Amrit Kalash special fixed deposit (FD) scheme, providing an opportunity for investors to benefit from higher interest rates, especially designed for retail customers including senior citizens.
Amrit Kalash State Bank Kalash Premature Tax Deducted Senior Citizen Rupee Term Deposit

Indian Parliamentarian Raises Concerns over 1 Percent TDS on Digital Assets

Indian Parliamentarian Raises Concerns over 1 Percent TDS on Digital Assets : Rashtra News #Indian #Parliamentarian #Raises #Concerns #Percent #TDS #Digital #Assets As India's tax policies near the enforcement date of April 1, a member of parliament from the Bahujan Samaj Party (BSP), Ritesh Pandey, has expressed concerns in the Lok Sabha. Pandey has said
Ritesh Pandey Salman Khan Amitabh Bachchan Nirmala Sitharaman Lok Sabha Bahujan Samaj Party

LTA exemption: What is Leave Travel Allowance and can you claim it at the time of filing your income tax return? | Business

Financial Literacy News: Salaried individuals typically need to give proof of their expenses and investments to get tax deductions under the Income-tax Act. One common tax exemption available to salaried individuals is the Leave Travel Allowance or LTA. Leave Travel Allowance (LTA), often included in your salary, pays for your vacation travel expenses. It also covers travel costs for family members such as spouses, children (up to two if born on or after October 1, 1998), dependent parents, and ...
Aalok Agrawal Kuldip Kumar Abhishek Soni Shalini Jain Ritika Nayyar Partner At Mainstay Tax Advisors

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FinMin proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxation

FinMin proposes amendments to Finance Bill; seeks to tighten norms for cryptocurrency taxation : Rashtra News #FinMin #proposes #amendments #Finance #Bill #seeks #tighten #norms #cryptocurrency #taxation The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets. As per
Lok Sabha Finance Bill Customs Act Cryptocurrency Taxation Taxation Of Cryptocurrencies Virtual Digital Assets

​Have you checked your advance tax liability? Pay by this date to avoid penalties

Advance tax: If your estimated tax liability for any given financial year after subtracting tax deducted at source (TDS) exceeds Rs 10,000 then advance tax needs to be paid following a specified schedule. However eligible senior citizens and other prescribed individuals need not pay advance tax. Read here to know more about advance tax.
Rahul Kapoor Ankit Jain Sk Patodia Ved Jain Associates Income Tax Act Ved Jain

TDS on salary is not on a fixed rate; Know how tax is calculated and deducted by employer

TDS on salary: Before paying a salary every employer will deduct tax deducted at source (TDS) and then pay a salary to their employees. However the rate of deduction of TDS is not fixed and it is determined by calculating the average rate of tax of the employee. Read here to know exactly how the calculation for TDS is done.
Suresh Surana Abhishek Soni Total Tax Liability How Is Tds On Salary Calculated Tax Deducted At Source Tds Calculation

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