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 enable them to file their Income tax Returns. [Click to view the PDF] CBDT Notification … Read more
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 February 1, could have some sops for the middle-class families. Post … Read more
No Proposal to Amend Income Tax Rates – Lok Sabha Q&A Govt says No Proposal to Revise Income Tax Rates this year GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 1355 TO BE ANSWERED ON FRIDAY, THE 22ND DECEMBER, 2017 01, PAUSHA, 1939 (SAKA) AMEND INCOME TAX RATES 1355. … Read more
Arun Jaitley holds his 6th Pre-Budget Consultation Meeting The Union Finance Minister Shri Arun Jaitley holds his 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group;Highlights the steps taken by the present Government to make India a global hub for electronics manufacturing; IT Sector Heads seek help from Government against Protectionist Policies; also … Read more
Income Tax Slab Rates for Defence Personnel – FY 2017-18 (AY 2018-19) INCOME TAX SLAB (FY 2017-2018) Upto Rs 2.5 Lakh/Nil Rs.2.5 to 5 Lakh/5% of amount exceeding Rs.2.5 Lakh Rs.5 Lakh to 10 Lakh/ Rs.12500/- plus 20% of amount exceeding Rs.5 Lakh More than 10 Lakh/ Rs.1,12,500/- plus 30% of amount exceeding Rs.10 Lakh … Read more
Income Tax Department suspends an officer for harassing the taxpayer A complaint was received making serious allegations against Shri D. K. Meena, Deputy Commissioner of Income Tax, posted at Surendranagar in Gujarat Region for harassing a taxpayer in a scrutiny case with malafide intention. The officer was alleged to have demanded illegal gratification through the … Read more
Income Tax Exemption 5 lakhs to Pensioners – Clarification “Exemption of Rs. 5 lakhs per annum to pension income” Shiv Pratap Shukla D.O.No.370150/9/2017-TPL MINISTER OF STATE FOR FINANCE GOVERNMENT OF INDIA NEW DELHI – 110001 14th November, 2017 Dear Dr. Tharoor ji, Kindly refer to your D.O.letter No. DO/ST/09/2017/986 dated 26.09.2017 requesting for providing exemption … Read more
Income Tax : List of Taxable Elements of Pay – PCDA Pune 1. Taxable Element of Pay – Note: Provisions are applicable equally for monthly payment of Allowances as well as arrears for the said head of Pay/Allowances. 2. Non-Taxable Elements of Pay – Note: 1. Provisions are applicable equally for monthly payment of Allowances as … Read more
Last date for filing of IT returns extended to August 5, 2017 Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017 Extension of date for filing of Income Tax Returns extended for five days up to 5th August, 2017 There are some complaints that the taxpayers are … Read more
Income Tax (IT) Department simplifies linking PAN with Aadhaar for taxpayers using Income Tax India website No need to login or be registered on the E-filing website for linking The Income Tax (IT) Department has made it easy for taxpayers to link their PAN with Aadhaar. Responding to grievances of taxpayers regarding difficulties in linking … Read more