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What to Verify in Form 26AS?
Verify your Form 26AS, all income tax articles insist and rightly so. But what to verify is question that we…
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Understanding Form 12BA
For person earning income from Salary , documents Form 16, and Form12BA are provided by employer which has details about…
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Understanding Form 16: Tax on income
In our earlier article Understanding Form 16: Part I and Understanding Form 16: Chapter VI-A Deductions we had found the Employee’s taxable income after…
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Understanding Form 16: Chapter VI-A Deductions
In our article Understanding Form 16:Part 1 we had looked at the Details of Salary paid and how the Gross…
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Understanding Form 16: Part I
Form 16 is a certificate issued by employers, giving details of employees’ TDS (tax deducted at source) usually by mid-June and is…
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Paper Work: Bank Statements,Income Tax Statements,Property Records
Life is busy(often an understatement). Bank statements, warranties for household appliances, manuals for all the electronic gadgets bought, bills, medical…
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Salary, Net Salary, Gross Salary, Cost to Company: What is the difference
You got a 10 lakh package and you calculated your salary as 10,00,000 divided by 12 is 83,333.33, but you…
