Tax-Free Pension: BPS Calls for Change, PM & FM Addressed In a heartfelt and urgent plea for change, the Bharatiya Pensioners Samaj (BPS) has penned letters to the Prime Minister, the Finance Minister, and the Minister of State in the Prime … [Read more...]

Retention of Laptop After Retirement | Policy & Form The policy and application form for the retention of a departmental laptop after retirement on superannuation or leaving the organization provide guidelines and a formal process for individuals … [Read more...]

10D Life Insurance Policy Guidelines - Circular No. 15 of 2023 According to Circular No. 15 of 2023, there are specific guidelines outlined under clause (10D) for the sum received from a life insurance policy under Section 10 of the Income-tax Act, … [Read more...]

Income-tax 17th Amendment Rules 2023 - Foreign Currency Tax Rate According to the Income-tax (Seventeenth Amendment) Rules of 2023, a set of regulations that govern taxation, there is a specific rate of exchange that is used for the purpose of … [Read more...]

Income Tax Amendment Rules 2023: Life Ins. Policy Income Tax The Income Tax Amendment (Sixteenth Amendment) Rules of 2023 provide guidance on the computation of income tax for sums received under a life insurance policy. These rules outline the … [Read more...]

Standard Income Tax Deduction for Salaried Employee Standard Deduction for tax calculation available on the gross salary of salaried employees The Minister of State for Finance said in the Parliament on 7th Feb 2023 that the proposals in this regard … [Read more...]