Latest Income tax news regarding Income Tax Rates, Income Tax Exemptions and ITR filing Last date
Notification for Amendment in Computation of Tax for sum received under life insurance policy MINISTRY OF FINANCE(Department Of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 16th August, 2023 G.S.R. 604(E).—In […]
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, has issued a notification introducing the e-Appeals Scheme, 2023 under the Income-tax Act, 1961
The Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has issued a notification on May 29, 2023. This notification introduces amendments to the Income-tax Rules, 1962.
Regarding press release announcing an increase in the tax exemption limit for leave encashment for non-government salaried employees
Tax exemption on leave encashment of non-govt salaried employees Read More »
Regarding the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the period of earned leave at their credit at the time of their retirement and this amendment, effective from April 1, 2023
CBDT – Cash Limit raised for Leave salary in Income tax act Read More »
Circular No. 04 of 2023, issued by the Central Board of Direct Taxes in India, provides clarification regarding the deduction of tax deducted at source (TDS) on salary income under section 192 of the Income-tax Act, 1961
Finmin – Clarification regarding deduction of TDS Read More »
Regarding assessment and regularization of Income Tax for the Financial Year 2023-2024 (Assessment Year 2024-2025)
The Office of CGDA has issued a circular regarding the deduction of income tax on the interest earned on GPF subscriptions exceeding Rs. 5 lakhs during the financial year 2021-22.
The Indian government has increased the standard deduction for tax calculation available on the gross salary of salaried employees from Rs. 40,000 to Rs. 50,000 in 2019 as per the provisions of the Income-tax Act, 1961.
Income Tax Act Amendments for Salaried Employees Read More »
The e-Verification Scheme, 2021 is an initiative by the Income Tax Department aimed at improving accuracy in data reporting and promoting voluntary compliance.
claiming any exemption under the provisions contained in Section 54 to 54 GB of the Act, for which the last date of such compliance falls between 01st April, 2021 to 28th February, 2022 (both days inclusive), may be completed on or before 31st March 2023
Claiming any tax exemption on or before 31st Mar 2023 Read More »
