How to pay TDS Online

How to pay TDS Online?

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What is TDS and its applicability? Tax Deducted at Source (TDS) is the tax deducted at the time of making specified payments such as rent, commission, interest, etc. All the provisions related to TDS are specified under the Income Tax Act, 1961.  In the TDS mechanism, a person (known as deductor) is liable to make […]

Leave Travel Concession (LTC)

Leave Travel Concession (LTC)

Posted Leave a commentPosted in Income Tax

The Income-tax act provides various exemptions and allowance benefits to salaried individuals. Leave travel concession (LTC)/Leave travel allowance (LTA) is one of the allowances that become the component of the salary of the employee.  LTC is provided by the employer to employees to meet the travel expenses when the employee is on leave from work. […]