The new form will enable employees to provide information about TCS and TDS from other sources. (AI image) CBDT has introduced a new form that allows employees to inform their employers about Tax ...

This resulted in higher tax deductions by employers from salary payments and cash flow issues for employees,” said Mitesh Jain, partner, Economic Laws Practice. By informing employers about the TCS ...

The CBDT has announced a new form i.e. Form 12BAA. This will help in adjusting TDS on salary. Here is what it is, how it will ...

Form 12BAA: The Central Board of Direct Taxes (CBDT) has introduced a new form — Form 12BAA, a move aligned with the Budget 2024 announcements. This form will allow employees to report tax deductions ...

The amendments also enable parents to claim TCS credit for minors. Starting from the next financial year, employees with income from sources other than salaries will need to submit a new Form 12BAA.

However, they have not previously accounted for taxes paid by the employee from other sources. This is set to change with the introduction of a new form by the CBDT. By using this form to report ...

Must be an AO staff member (excluding Vice President-level employees, Human Resources or managers with hiring authority over the referred candidate) Must complete an online referral form before the ...

this form will allow employees to offset TDS and TCS collected from other income sources against the TDS on their salaries. Form 12BAA is a new statement that includes information about non-salary ...

An employee stock ownership plan (ESOP) is an employee benefit plan that gives workers ownership interest in the company in the form of shares of stock. What Is an Employee Stock Ownership Plan ...

Massachusetts has passed a statewide ballot initiative that gives rideshare drivers the opportunity to unionize while ...

Killeen city employees gathered for a pink ribbon photo in honor of Breast Cancer Awareness Month recently. The effort shows the city’s “support for survivors, fighters, and loved ones ...

Intel employees faced pay cuts and layoffs, causing an uproar over forfeited stock bonuses and shrinking perks as the company ...