My father-in-law is a retired central government employee. His only source of income is his pension. Is he supposed to pay TDS at periodic intervals or only once a year? Amit Maheshwari Partner, AKM Global replies: Pension is taxable under the head ‘income from salaries’ and hence TDS is deductible on the same. Any amount of commuted pension, if received by employees of civil services of central or state government, defence or any local authority, is exempt from tax. In case of noncommuted pension, the employer is liable to deduct TDS at the slab rates applicable to the pensioner. Ordinarily, the employer in this case will deposit TDS on a monthly basis. Any individual, whose tax payable (after deducting TDS) exceeds Rs 10,000 in a financial year, has to pay advance tax. However, a resident senior citizen not having any income from business or profession is not liable to pay advance tax and can pay all due taxes while filing the income tax return. Your father in law will … [Read more...] about Do pensioners need to pay TDS at periodic intervals or only once a year?
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The move would cover Tokyo and three neighbouring prefectures as well as Osaka, TBS said, citing unidentified sources. Within the six-month period, these prefectures would decide the length of time for their individual measures, TBS said. … [Read more...] about Japan considering six-month period for state of emergency: TBS
» Lockdown has given us a chance to ‘Break the chain & Make the family.’ A family is live summit in which relationships matter. The lockdown gives us an opportunity to spend quality time with children. However, if you waste the time by making yourself busy with social media, it could break relationships. … [Read more...] about Break the chain not relations in this lockdown period
Agra on alertWhile some family members of the individual and others who came in contact with him were asked to remain quarantined at their homes in Delhi and Agra, six others from Agra with “high-viral load” have been kept in isolation at the Safdarjung Hospital in Delhi and their samples sent to the National Institute of Virology in Pune, officials said. … [Read more...] about COVID-19 | Two schools shut in Noida, families quarantined; visa suspension extended to 4 countries
The 78-year-old actor who plays the Dowager Countess of Grantham in the ITV drama series said she would find it too frustrating to watch and notice how she could have done things better. She told the US TV show 60 Minutes that she might tune in but only after leaving the show. … [Read more...] about Downton Abbey star Maggie Smith reveals she has never seen an episode