Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Form 15G for provident fund (PF) ...

Ideally, these forms should be submitted before the start of the financial year for which TDS is to be deducted or before the first income payment which is subject to TDS. (Image: Reuters) Question: ...

Form 15H is a self-declaration for non-deduction of taxes at source which can be submitted by an eligible person to the payor of specified incomes. Specified incomes includes income from provident ...

This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...

When it comes to tax, the well-established rule is that no income can escape it, except in cases where your income is lower than the taxable threshold. In such circumstances, your income is exempt ...

A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

'Tax is not required to be deducted from specified payments if a recipient files a self-declaration with the deductor for no deduction of tax.' IMAGE: Kindly note the image has been posted only for ...

Almost all the types of incomes attract tax deduction at source (TDS) and the payer of the income is mandatorily required to deduct tax according to income tax Act. However, you need not pay TDS on ...

The applicant must be between the age group of 21 to 32 years of age. If you are thinking that the tax-saving season had ended on March 31, 2019, and it’s time to push tax-related affairs to the back ...