Section 80TTA – Claim Tax Deduction on Savings Account Interest

Claim 80TTA Deduction for AY 2022-23

Section 80TTA provides a deduction of Rs 10,000 on interest earned on the Savings account. However, only individuals and HUFs can claim deduction under this section.

So, Senior citizens can claim deduction under section 80TTB, which has a higher deduction limit of Rs 50,000. Furthermore, you cannot claim an 80TTA deduction for interest earned on time deposits such as fixed deposits or recurring deposits.

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Director Identification Number (DIN) | Know All About it

director identification number (DIN)

What is DIN number?

Director Identification Number or DIN is a unique eight-digit number provided by the central government to the director of a company or the individuals who intend to be the company’s director. Each director will have a unique DIN. And DIN has lifetime validity. You can have only one DIN and be the Director of two or more companies. In this article, we shall see how to get DIN number, Importance of Director Identification Number, check your DIN status , and more.

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ROC Compliance Calendar – Filing Due Date 2022-23 – Updated

ROC Compliance filings are mandatory for all companies and LLPs.The Companies registered under the Companies Act, 2013 and LLPs registered under the Limited Liability Partnership Act, 2008 must file their annual returns with the ROC. Non-adherence to the compliances may attract penalties.

Listed below is the ROC filing due date for FY 2022-23 and ROC filing due date for FY 2021-22 for various forms.

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GST State Code List

GST State code list

GST State code is the first 2 letters of the 15 digit GSTIN (Goods and Services Tax Identification Number) issued by the Government.

With the first 2 letters of any GSTIN, a GST registered dealer can be easily identified and will help in deciding the place of supply which needs to be entered in the invoice.

GST State Code List State wise is given below:

GST State NameGST State Code
Jammu And Kashmir01
Himachal Pradesh02
Punjab03
Chandigarh04
Uttarakhand05
Haryana06
Delhi07
Rajasthan08
Uttar Pradesh09
Bihar10
Sikkim11
Arunachal Pradesh12
Nagaland13
Manipur14
Mizoram15
Tripura16
Meghlaya17
Assam18
West Bengal19
Jharkhand20
Odisha21
Chattisgarh22
Madhya Pradesh23
Gujarat24
Daman And Diu25
Dadra And Nagar Haveli26
Maharashtra27
Andhra Pradesh(Before Division)28
Karnataka29
Goa30
Lakshwadeep31
Kerala32
Tamil Nadu33
Puducherry34
Andaman And Nicobar Islands35
Telangana36
Andhra Pradesh (New)37
Ladakh38

80C Deduction for AY 2022-23

80C Deduction for AY 2022-23

80C Deduction and other 80 deductions such as 80CCC, 80CCD & 80D are available to the Individuals and HUFs. You can claim Section 80 deductions to reduce your taxable income significantly. The maximum allowable 80C deduction for FY 2021-22 is 1.5 lakhs. You can avail this deduction by investing in tax saving investments such as ELSS. We shall discuss in detail the deductions under section 80C, 80E, 80G, 80DDB in the below article.

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TDS Payment Online| TDS Rate| Status

TDS Payment Online

TDS Payment Online is a facility available to the taxpayers to ease the payment of tax. TDS refers to the tax deducted at source. The TDS Deductor deducts tax at the time of making payment to Deductee. The Deductor has the option to deduct tax either on the invoice date or payment date whichever is earlier. After deducting the TDS amount at the applicable TDS rate, he will be paying the balance amount to the Deductee.

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