Tax

Changes in Personal Finance from 1 April 2021

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The Financial Year 2020-21 will close on 31 March 2021. Like all new financial years, the new FY 2021-22 will have new tweaks & changes to your personal finance. The top Changes in Personal Finance from 1 April 2021 will be: Changes in Personal Finance from 1 April 2021 1 . EPF deduction above RsRead More

Budget 2021 Impact – Investment, Taxation & NRI

by Madhupam Krishna

This was 3rd Budget of the current finance minister. The overall reaction has been positive. This is because most of the things have been taken care for. The others which disturbs the pace have been left for now. Here is how Budget 2021 will impact your Savings, Taxation & Investments. Budget 2021 Impact on TaxationRead More

Avoiding TDS on Dividends (Residents & NRIs)

by Madhupam Krishna

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As you may be aware & we also wrote in detail a few days ago, due to changes introduced by the Finance Act, 2020, w.e.f. April 1, 2020, the dividend is taxable in the hand of the investor. Hence companies would be required to deduct tax at source (TDS) at the prescribed rates from theRead More

Understanding Form 15G & 15H – To Avoid TDS

by Madhupam Krishna

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Form 15G or Form 15H are self-declaration forms that show that an individual’s total income is below taxable slab hence tax is not to be deducted. But who can submit these? Is there any rule governing the submission of Form 15H & Form 15G? Let’s check these today. You can also download Fillable Form 15GRead More

Taxation on PF Withdrawal – All Scenarios

by Madhupam Krishna

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EPF or employee Provident Fund is hard-earned money through your service to an organization. Overall if a person is attaining superannuation, it is supposed to be tax-free. BUT NOT ALWAYS! Money received from EPF can be taxable or there can be tax deducted at source (TDS). Let us understand Taxation on PF Withdrawal or TaxationRead More

What is ESOP? Know ESOP Taxation in India

by Madhupam Krishna

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ESOP are Employee Stock Option Plan & some called them – Employee Stock Ownership Plan. ESOPs have emerged as an important incentivizing option for employees. We have seen many employees becoming millionaires with these plans. So ESOP taxation becomes important to be understood & adhered to. ESOPs being a financial scheme, involves taxation also. RulesRead More