Nine O Six

If you do not pay the required amount of advance tax by the quarterly due dates, you must pay interest under Sections 234B and Section 234C. These sections provide for the imposition of interest if...

The final settlement/salary certificate, Form No. 16 (or other relevant documents), may provide you with information about your leave encashment.​

​Tax Deducted at Source (TDS) is a mechanism under the provisions of the Income-tax Act, 1961, where a person making specified payments such as salary, interest, commission, etc., is required to de...

Leave encashment received by employees during their employment is fully taxable.However, at the time of retirement, leave encashment received by all government employees is exempt, while for non-go...

A person should deposit the TDS (Tax Deducted at Source) amount on or before the due dates specified by the tax authorities. For payment of TDS, the monthly due date is the 7th of next month. But f...

If your tax payment details are not found on the website: 1.Double-check information for accuracy: Verify that the details entered for TDS/TCS records and tax payment challans, such as your name an...

If an employee is subject to any departmental or criminal actions at the time of retirement, leave encashment may be withheld. [State of Bihar v. M. Adris Ansari (Supreme Court)]​

​In the case of CIT vs. D.P. Malhotra, the Hon'ble Bombay High Court ruled that retirement includes resignation. Therefore, the leave encashment received upon resignation will be treated same as le...

As per the provisions of Income Tax Act, 1961, if payee does not furnish his PAN to the payer, the rate of TDS will be 20% or higher instead of normal TDS rates which are usually 10% or lower in al...