Latest Updates - What's New - Today's HotUnion Budget for 2019-20 on 5th July 2019 Union Budget for 2019-20 will be presented in the Lok Sabha on Friday, the 5th July, 2019 Cabinet approves Summoning of Parliament after General Election, 2019 Lok Sabha session during 17th June-26th July Rajya Sabha during 20th June-26th July Economic Survey to be presented on 4th July […]
IT Returns Cannot be filed without Quoting Aadhaar – CBDT
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Income Tax Returns being filed either electronically or manually cannot be filed without quoting the Aadhaar number Circular No.6/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 31st of March, 2019 Subject: […]
Interim Budget 2019: No Need to Pay Income Tax up to 5 Lakh
Interim Budget 2019: No Need to Pay Income Tax up to 5 Lakh Income Tax Exemption for Individuals up to Rs.5 Lakh per annum Finance Minister Piyush Goyal has announced that no need to pay income tax for individuals with income upto 5 Lakh for the financial year 2019-20 Along with the increase the exemption […]
Income Tax Circular 2019 – TDS on Income from Pension
Income Tax Circular 2019 – TDS on Income from Pension The post contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2018-19 and explains certain related provisions of the Act and Income-tax Rules, 1962. Due dates for payment of TDS, Mode of Payment […]
Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations
Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations Income Tax Circular 2019 – Tax Deduction at Source from Salaries with Illustrations Method of Tax Calculation, Relief When Salary Paid in Arrear or Advance, Income from house property, Adjustment for Excess or Shortfall of Deduction and Salary Paid in Foreign Currency Income Tax […]
Income Tax Circular 2019 – Income Tax Rates AY 2019-20
Income Tax Circular 2019 – Income Tax Rates AY 2019-20 Income Tax Rates as per the Income Tax Circular No.01/2019 published by the Central Board of Direct Taxes on 1.1.2019 for the Financial Year 2018-19 (Assessment Year 2019-20) RATES OF INCOME-TAX AS PER FINANCE ACT, 2018: Income Tax Circular 2019 – Tax Deduction from Salaries […]
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 February 1, could have some sops for the middle-class families. Post […]
No Proposal to Amend Income Tax Rates – Lok Sabha Q&A
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. […]
Income Tax Rates FY 2016-17 (AY 2017-18) – Finmin Orders
Income Tax Rates FY 2016-17 (AY 2017-18) – Finmin Orders INCOME TAX CALCULATOR – PRE & POST BUDGET 2017 CIRCULAR NO : 01/2017 F.No.275/192/2016-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 2nd January, 2017 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL […]
Central Govt setup a committee to simplify the provisions of the Income Tax Rules
Central Govt setup a committee to simplify the provisions of the Income Tax Rules Government Sets-Up A Committee to Simplify The Provisions of The Income Tax Act, 1961 The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition: (i) Justice […]