Author page: Lakhvir

Income Exempted under IT Act

Income Exempted under IT Act Section 10 provide a list of income exempted under IT Act. List provides exemptions which are allowed to the salaried persons. The objective is to reduce to reduce the burden of taxing such as House Rent allowances...

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How to Pay Income Tax

How to Pay Income Tax In the article we will get to know how to pay Income Tax. We can make payment our different kinds of tax dues like every quarter we have to pay our advance tax installments and TDS liability and self-assessment tax etc. we...

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National Pension Scheme

NATIONAL PENSION SCHEME This is a pension scheme which is open for public to invest in a pension account at a regular interval of time during their employment for their retirement benefit run by central government this is scheme is not for armed...

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Income Tax

INCOME TAX Income tax is a direct tax levied on Income of taxpayer and governed by Income Tax Act 1961, This act provide sections and rules according to which income is calculated of taxpayers. Act provides which income to be taxable in India...

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Director KYC

DIRECTOR KYC As per MCAs recent announcement, any director who was allotted a DIN by or on 31 March 2018 and whose DIN is in approved status, will have to submit his KYC details to the MCA. Further, this procedure is mandatory for the...

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7th Pay Commission

7th PAY COMMISSION The Pay Commission is an administrative system/mechanism that the government of India set up in 1956 to determine the salaries of government employees Almost after every ten years the central government appoints a Pay...

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CGST SGST IGST India has adopted a dual Goods and Services Tax (GST) which is imposed concurrently by the Centre and States, i.e. Centre and States simultaneously tax goods and services. Centre has the power to tax intra-State sales & States...

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Income Tax Update

Income Tax Update Income Tax Update: To boost the economy slowdown, Finance Minister Nirmala Sitharaman today 20th September 2019, announced a big reduction in income tax rate for corporate. The Finance Minister said in the meeting “Tax...

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