Tag: ITR

How to Submit Professional Tax – Karnataka ?

What is Professional Tax?Professional tax is a kind of tax which is levied by state government to all kinds of professions, trades, and employment who are functioning in their states. This tax amount levied monthly or yearly based on the income of such profession, trade and employment. Professional tax determined or set by respective State

How to calculate TDS of an employee ?

What is TDS (Tax Deducted at Source) ? TDS is a medium of collecting Income Tax in India under the Indian Income Tax Act of 1961. According to the Income Tax Act, if any organization or a person is providing salary / payment have to deduct tax at source, it the payment exceeds certain threshold limits.