Paying taxes is an obligation for every individual who earns an income. Salaried people pay the income tax as per their slab via the Tax Deducted at Source (TDS) mechanism. However, some salaried individuals might have additional sources of income besides their regular income. Moreover, the TDS mechanism of tax collection is not applicable to self-employed individuals and professionals. Such taxpayers are required to pay advance tax if their total tax liability exceeds ₹10,000 in a financial year after adjusting for TDS or other tax deductions.

As per current tax rules, advance tax payments can be made in a single large lump sum payment or multiple smaller payments. Read on to know the key features of advance tax as well as how to make online advance tax payments to comply with tax requirements.

The option of paying income tax online has greatly simplified the way people pay their due taxes. Compared to the previously prevalent offline methods, paying income tax online is faster, more convenient and more secure. Knowing the system of online tax payment is essential for ensuring that compliance is maintained and due taxes are paid in a timely manner. Read on to know the key steps involved in making online payment of income tax.

Taxes in India and across the world can be divided into two broad categories – direct tax and indirect tax. Direct tax is paid by individuals or businesses directly to the government and the most common example of this is income tax. On the other hand, indirect tax is paid by an end-user to a third-party such as a retailer. This third-party is required to make the tax payment to the government. Goods and Services Tax or GST is an example of an indirect tax. Read on to get a clearer idea of how direct and indirect taxes work.

Indirect Taxes in India have been a key source of revenue for State and Central Governments alike. Currently Good and Services Tax or GST is the primary indirect tax that we pay. However, prior to the introduction of GST, there were multiple indirect taxes that were applicable in India. Many indirect taxes such as entertainment tax, luxury tax, Krishi Kalyan cess, etc. were subsumed subsequent to GST implementation. However, a few such as Value Added Tax or VAT are still relevant even though their scope is currently somewhat limited.

Read on to what is VAT tax, how it is implemented, its relevance post introduction of GST and much more.

The Centralised Processing Centre or CPC, is a unit of the Income Tax Department of India that facilitates bulk processing of Income Tax Returns (ITR). CPC was established in October 2010 and its main office facility is located in Bangalore, Karnataka.

CPC uses advanced technology for efficient handling, error detection, and quick processing of tax returns. To understand the functioning of tax processing or income tax refund delay, you should be aware of the role of CPC. In this article, we shall talk about income tax refund, types of refund status, role of CPC in tax refunds, how to check refund status and more.