Rising Bharat – Budget Highlights for FY 2023-24
This article will discuss the budget highlights for FY 2023-24, presented by the Minister of Finance of India on February 01, 2023. This marks the fourth budget of the Narendra…
What are payments and deductions required for running a payroll?
payments and deductions required to run a payroll
Let’s first understand what the payments and deductions provided by the employer Payments: Any amount disbursed to an employee by the employer falls under underpayments. They include the following: Basic…
What is TDS, why it is deducted and to whom?
tax deducted at source
When a person pays certain types of income, such as salary, commission, rent, professional fees, interest, etc., they deduct a specific amount known as Tax Deducted at Source (TDS). The…
Budget Highlights for the FY 2022-2023
budget 2022-23| sumopayroll
Highlights of Union Budget for the FY 2022-2023 We have a promise from the government for a steady & predictable tax system Demystified old & new tax regimes - benefit…
Tax Deducted at Sources (TDS)
Tax Deducted at Sources (TDS) what is TDS? How it is calculated in India? Tax Deducted at Sources or TDS is a means of direct tax collection by Indian authorities…
What is TDS? How can TDS Adjustments be done?
Tax Deducted at Source (TDS) is a means of collecting Income Tax in India, under the Indian Income Tax Act of 1961. It is managed by the Central Board for…