Challan is a form that is used to pay taxes to the government. The authorized banks receive the tax paid through a challan before it is deposited with the Income Tax department. Payments made with ...
The government relies significantly on income tax as a revenue source. Moreover, it obligates taxpayers to fulfil their fiscal duties through timely payments. The process involves challans used for ...
If you are paying house rent above Rs 50,000 per month then you need to deduct TDS at 2% rate on the house rental payments from October 1, 2024. However, prior to October 1, 2024 this rate of TDS was ...