Standard Deduction Applicable for Pensioners - Clarification Ministry of Finance Clarification regarding applicability of standard deduction to pension received from the former employer The Central Board of Direct Taxes (CBDT) has clarified that … [Read more...]
DA Arrears Calculator 1.7.2024 for 3 Months
Dress Code prescribed for Income Tax Employees
Dress Code prescribed for Income Tax Employees OFFICE OF THE PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX, DELHI C.R.BUILDING, L.P.ESTATE, NEW DELHI-110002 Phone No.011-23379596/23379245; FAX 011-23378668 F.No.PrCCIT/Admin/2017-18/02 Dated: … [Read more...]
CPPCs Advised to Issue Form-16 by 31st of May every year – CPAO
CPPCs Advised to Issue Form-16 by 31st of May every year - CPAO Deduction of Income Tax at the time of making payment "All Heads of CPPCs are advised to deduct the income tax at the time of each payment itself and issue Form-16 by 31st of May every … [Read more...]
Exemption of Transport Allowance and Medical Reimbursement from Income Tax – NC JCM Staff Side
Exemption of Transport Allowance and Medical Reimbursement from Income Tax - NC JCM Staff Side National Council Staff Side Secretary writes to Finance Ministry regarding the exemption of Transport Allowance and Medical Reimbursement from Income … [Read more...]
Employees thank Prime Minister for allowing standard deduction of Rs 40,000
Employees thank Prime Minister for allowing standard deduction of Rs 40,000 Ministry of Personnel, Public Grievances & Pensions Delegation of DoPT employees calls on MoS (PP) Dr Jitendra Singh Employees thank Prime Minister for allowing … [Read more...]
New Scheme for Assessment in Electronic Mode – Finance Minister
New Scheme for Assessment in Electronic Mode - Finance Minister Ministry of Finance Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode. E-assessment to be rolled-out across the country to transform … [Read more...]
Exemption of Interest Income on deposits increased to Rs 50,000 to Senior Citizens
Exemption of Interest Income on deposits increased to Rs 50,000 to Senior Citizens Ministry of Finance Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March … [Read more...]
Relief to Salaried Taxpayers – Standard Deduction of Rs 40,000 Allowed
Relief to Salaried Taxpayers - Standard Deduction of Rs 40,000 Allowed Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions 2.5 Crores salaried employees and pensioners to benefit Differently-Abled … [Read more...]
Form 16 Download PDF | Form 16 for Salaried Employees
Providing Form 16 to all Pensioners and Family Pensioners Central Pension Accounting Office: All the Authorised Banks are hereby directed to comply with the provisions of the Scheme Booklet and issue Form 16 to all pensioners and family pensioners to … [Read more...]
Budget 2018 – Will income tax limit be raised to Rs. 3 or 5 lakhs?
Budget 2018 – Will income tax limit be raised to Rs. 3 or 5 lakhs? “The tax slab is expected to be raised in favour of government employees” According to information available, the annual budget, to be presented by Finance Minister Arun Jaitley on … [Read more...]
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