Income Tax

How to link PAN card with Aadhar Card online?

As per the judgement passed by the Honourable Supreme Court of India on 26th September 2018, it has now become mandatory for all individuals, companies, firms and HUFs to link their PAN CARD with AADHAR CARD details. Earlier the last date for linking was on or before December 31st 2017 which was later extended to 31st March 2018 and then to 31st June 2018. However, to facilitate linking by every citizen of India, the date was further extended till 31st December 2019

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What is Education Cess and Why Higher Education Cess Tax Imposed in India?

The Education Cess is a tax in India, which is imposed to help to cover the expenditures of sponsored programs or schemes by the government. The education cess tax was imposed in 2004. The rate of tax is 2% of income tax that is the amount of payable tax. It is collected independently of other taxes and it is given to help to all Indian citizens. Every time when you pay taxes you will see the total tax payable amount will go up tiny higher at the time of final payment. This increased percentage amount is the education tax, which is imposed in the direct taxes.

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