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 ...

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 ...

Ledger, the state’s largest newspaper, will stop publishing its print edition. The Jersey Journal will shut down entirely ...

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 ...

UAB Printing and Mailing recently installed a new state-of-the-art color offset digital press. While the print shop has been ...

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 ...

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.

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 ...

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 ...

The other benefit of doing it virtually, is that it’s recorded, and managers and employees can go back and revisit the forms easily. I’ll lay out a few examples of what I think a good employee ...

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 ...