Expected DA Calculator from January 2021 (Updated Oct 2020)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...]
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, … [Read more...]
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 … [Read more...]
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 … [Read more...]
Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16
Circulation of Fake order for extension of due date for filing of Audit report and return of Income for Assessment Year 2015-16 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, … [Read more...]
CBDT Extended the due date of filing return of income for AY 2015-16 from 31st July 2015 to 31st August 2015
Extension of due date of filing return of income for Assessment Year 2015-16 G.I., Department of Revenue, Central Board of Direct Taxes, O.M.F.No.225/154/2015/TA.II, dated 10.6.2015 Order under Section 119 of the Income-tax Act 1991 Subject- … [Read more...]
No Change in the Rate of Personal Income Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16
No change in the rate of personal Income-tax Surcharge @12% Levied on Individuals, HUFs, AOPs, BOIs, Artificial Juridical Persons, Firms, Cooperative Societies and Local Authorities Having Income Exceeding Rs 1 Crore The Union Finance Minister Shri … [Read more...]
Benefits to Middle Class Tax Payers in the Budget 2015-16
Benefits to Middle Class Tax Payers in the Budget 2015-16 Payments to the Beneficiaries Including Interest Payment on Deposit in Sukanya Samriddhi Scheme to be Fully Exempt The Union Minister of Finance Shri Arun Jaitley in his Budget Speech in Lok … [Read more...]
Arun Jaitley Against High Income Tax Rate to Raise Revenues
Arun Jaitley Against High Income Tax Rate to Raise Revenues By PTI NEW DELHI: Ahead of the budget, Finance Minister Arun Jaitley today said the NDA government is not in favour of high taxation, instead it would want to leave more money in the hands … [Read more...]
Income Tax Rate Chart For AY 2015-16 / FY 2014-15
Income Tax Rate Chart For AY 2015-16 / FY 2014-15 The rates of income-tax as applicable for Assessment Year 2015-16 for the following category is given below:- 1) in the case of every individual below the Age of Sixty Years 2) For a resident … [Read more...]