Get the latest TDS rate chart for FY 2024-25 (AY 2025-26)
The responsibility to collect Tax Collected at Source lies with certain specified persons or entities as mandated by the Income Tax Act. These entities collect tax from the payee at the time of sale or provision of certain goods or services.
A stipend is a sum of money paid to someone which are typically smaller than salaries and are provided to individuals to support them financially while they gain knowledge and experience through education, training, or specific positions.
A salary slip or a pay slip is a document provided by an employer to an employee, with a detail list about the salary components such as HRA, LTA, bonuses, and deductions for a specific period, typically a month.
GST rate for footwear is 12% (6% CGST + 6% SGST) priced below Rs. 1000.
A rent receipt is an important document provided by a landlord to a tenant as proof of payment for rent
A tax is a compulsory payment imposed by a government on individuals or organizations to generate revenue for public services and infrastructure. Here taxes are divided into direct taxes, levied on individuals or businesses directly, and indirect taxes, collected by intermediaries and passed on to consumers through goods and services.
GST stands for Goods and Services Tax, is a comprehensive indirect tax levied on the supply of goods and services in India.
The golden rules of accounting are principles that guide the recording of financial transactions. The rules ensure consistency and accuracy in recording transactions, helping maintain the fundamental accounting equation. The rules can be better understood from the type of accounts under different approaches.
GSTR-9 is a summary report that businesses file annually, consolidating details of their sales, purchases, tax liability, and input tax credit for the entire financial year.