Archive | Form 26AS

Why TDS has been deducted on my EPF?

Without doubt EPF continues to be the most loved product for the salaried. Both the employee and employer contribute to the EPF kitty; and we stand in hope of it coming to our rescue at difficult times. But when TDS is deducted on EPF balance, it comes as a harsh blow. Let’s understand the reasons […]

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Pay tax on interest income

Reminder from tax department to pay tax on interest income, revise returns if required

In last year’s tax returns a disclosure in tax returns was added for bank accounts held by a tax payer. It seems the income tax department has done its work related to this information. It has recently asked tax payers to include entire interest income in their tax return and pay tax on it. The release also […]

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How Form 26AS can Help You

Tax deducted at source (TDS) is tricky business. Since this is tax that is deducted by individuals, companies or institutions that make payments to you, it is a common thing that you would forget about some of the TDS you can claim. In some cases, you would not even know that tax has been deducted […]

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How to add Savings Interest Income in your Income Tax Return

  Your savings account interest income is taxable. You have to add this income to your income from other sources. To find out your interest income for financial year 2014-15 you need your bank statement for your account in which you have earned interest. Here are the steps you need to follow –   Download your […]

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