Phoenix Auditing

Month: May 2020

Income tax slab for FY 2020-21

In India, income tax is levied on individual taxpayers on the basis of a slab system where different tax rates have been prescribed for different slabs and such tax rates keep increasing with an increase in the income slab.  1. Income Tax Slab Rate for AY 2020-21 for Individuals:...

How to claim TDS Refund

What is TDS Refund? Individuals who have made financial declarations at the start of the year, which are less than the proof of investment submitted at the end of the year, will be eligible for a TDS refund. If the projected investments declared at the beginning of the year...