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 year” CPAO/IT&Tech/Bank Performance/37(Vol-II)/2017-18/204 09/03/2018 OFFICE MEMORANDUM … Read more
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 Tax Shiva Gopal Mishra Secretary Ph: 23382286 National Council (Staff Side) Joint Consultation, Machinery For Central Government Employees 13-C, Ferozshah … Read more
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 standard deduction of Rs 40,000 A delegation of officials of Department of Personnel and Training (DoPT), called on the Union … Read more
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 age-old assessment procedure In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance … Read more
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 will continue to get transport allowance at enhanced rate In order to provide relief to salaried taxpayer, the Union Minister … Read more
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
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