Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates.
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Paying over ₹50,000 rent monthly? Know when TDS must be deducted and the tax rules tenants should follow
If you pay more than ₹50,000 in monthly rent, there is an important income tax rule that every tenant in India should know. Under Section 194-IB of the Income Tax Act, tenants paying rent above this ...
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