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  2. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    There was no change in the timeline for tax payment; however, if the deposit of Advance Tax is delayed, a reduced interest rate of 9 percent per annum, or 0.75 percent per month, will be applicable instead of the current rate of 12 percent per annum, or 1 percent, for payment of all taxes falling between 20 March 2020 and 30 June 2020.

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  4. Income tax return (India) - Wikipedia

    en.wikipedia.org/wiki/Income_tax_return_(India)

    The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.

  5. Economic impact of the COVID-19 pandemic in India - Wikipedia

    en.wikipedia.org/wiki/Economic_impact_of_the...

    The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.

  6. Tax withholding - Wikipedia

    en.wikipedia.org/wiki/Tax_withholding

    India enforces withholding tax also on payments between companies and not just from companies to individuals, under the Tax Deducted at Source (TDS) system. (Since April 2016, the United Kingdom has discontinued withholding tax on interest and dividends, though in some cases this income will become liable for taxation through other means). [8]

  7. Tax Deduction and Collection Account Number - Wikipedia

    en.wikipedia.org/wiki/Tax_Deduction_Account_Number

    The Tax Deducted at Source on payments made by assessees is deposited under the TAN to enable the assessees who have received the payments to claim the tax deducted in their income tax return. Application. TAN is applied through "Form No. 49B" (prescribed under Indian Income Tax Law). A completed form can be submitted online at the NSDL website ...

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