Income Tax Return Filling is a crucial responsibility for every taxpayer. With the introduction of the new tax regime, taxpayers now have a choice between sticking to the old tax system or opting for the new one. Both tax regimes have their pros and cons, making it essential for taxpayers to understand the differences and…
Are you in the process of filing your income tax return (ITR) and have noticed that certain tax payments, such as advance tax and self-assessment tax, are missing from your Form 26AS? Up until last year, these details were readily available in a taxpayer’s Form 26AS. However, starting from the Assessment Year (AY) 2023-24 (Financial…
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The EPFO has eased the process of applying for higher pension under the EPS for those eligible employees who do not have proof to joint request/undertaking/permission from the employer till date. The circular released by the Employee’s Provident Fund Organisation (EPFO) provides a list of documents that an eligible employees are required to submit, along…
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The Employees Provident Fund Organisation (EPFO) has released a circular on how the higher pension will be calculated for those employees opting for a higher pension based on actual salary under the Employee Pension Scheme (EPS). As per the circular, the formula for the calculation of higher pension will be different for those retiring before…
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