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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
The practice of paying taxes in advance rather than in a single sum at the end of the fiscal year is known as advance tax. These taxes, often known as the 'pay-as-you-earn' scheme, is paid on tax bills above ₹10,000 in installments instead of as a lump sum. The schedule of advance tax payment for individual and corporate taxpayers are:
The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2 ] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3 ] and Government is considering to make it more attractive ...
A litter of two-week old puppies was crammed into a bucket and abandoned alongside a road in Union County, New Jersey on Thursday, police said.
It hasn't been the best quarter for Telephone and Data Systems, Inc. (NYSE:TDS) shareholders, since the share price has fallen 12% in that time. But the silver lining is the stock is up over five ...
Live updates: Will there be a government shutdown?Latest from Congress. Is mail service or the post office impacted by a government shutdown? The U.S. Postal Service would be unaffected because it ...
The 2020 Union Budget of India (ISO: 2020 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by the Finance Minister, Nirmala Sitharaman on 1 February 2020, as her second budget. This is the second budget of Narendra Modi -led NDA government 's second term.
KENNEBUNK, Maine — Teachers in RSU 21 finally have a new contract.. At the start of their meeting on Monday, School Board members voted to ratify a new, three-year contract with the Kennebunk ...