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Tag: advance salary received in previous year

Relief under Section 89A – In Respect of Salary, etc., Paid in Arrears or in Advance

Section 89A - Relief in Respect of Salary, etc., Paid in Arrears or in Advance Section 89A of the Income Tax Act provides relief to...

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Deductions available to individuals under the Old Tax Regime

SectionDeductionMaximum LimitApplicabilitySection 80CInvestments in PPF, EPF, LIC, NSC, ELSS,...

Rules of Debit and Credit: Traditional Approach vs Modern Approach

In accounting, the rules of debit and credit are...

Types of TDS Forms and Their Purpose

S. No.Form No.Detailed DescriptionDue Dates1Form 26QThis form is used...

India’s New Income-Tax Bill 2025: A Game-Changer for Taxpayers?

The Income-Tax Bill, 2025, as introduced in the Lok...

Understanding Global Payment Systems

1. UPI (Unified Payments Interface) – India UPI is one...

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TDS (Tax Deducted at Source)
Financial Management

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