Latest Income tax news regarding Income Tax Rates, Income Tax Exemptions and ITR filing Last date
The Income Tax exemption limit for Central Government Employees may be raised to at least Rupees Six Lakhs Grant House Rent Allowance at the rate of 30%, 20% & 10% […]
Income Tax exemption limit to be raised to Rupees Six Lakhs – NFIR Proposal Read More »
IT Exemption should be increased to 5 Lakh – Deloitte Pre Budget Expectations Survey A recently released Deloitte Pre-Budget Expectations Survey Report reflects what has been widely expected as an
IT Exemption should be increased to 5 Lakh – Deloitte Pre Budget Expectations Survey Read More »
CBDT extends due date The due date for filing of Income tax returns by certain persons under the Income Tax Act is 31st July of the following year. However, taking
CBDT extends due date for filing of Income Tax Returns to 5th August, 2016 Read More »
Prime Minister speaks on Income Declaration Scheme in Mann ki Baat The Honourable Prime Minister, Shri Narendra Modi, in his radio programme, Mann ki Baat aired on Sunday, 26th June,
Prime Minister speaks on Income Declaration Scheme in Mann ki Baat Read More »
Release of new functionality to taxpayers to secure their E-filing account The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and
Release of new functionality to taxpayers to secure their E-filing account Read More »
Deduction of Income Tax on withdrawal of Provident Fund 60% NATIONAL COUNCIL (STAFF SIDE) Joint Consultative Machinery for Central Government Employees No. NC-JCM/2016 Dated:- 1st March, 2016 To: The Hon’ble
Deduction of Income Tax on withdrawal of Provident Fund Read More »
Union Finance Minister Shri Arun Jaitley spoke on the Key Reform Measures in his Budget speech 2016-17 Increased relief for middle-class tax-payers by raising the ceiling of tax rebate under
Tax rebate under Section 87A increased to Rs.5000 Read More »
Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man : ASSOCHAM Monday, February 15, 2016 Revision in the income tax exemption limit to at least Rs
Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man Read More »
Electronic Verification CODE (EVC) for electronically filed Income Tax Return Additional Modes
RATES OF INCOME-TAX AS PER FINANCE ACT, 2015: As per the Finance Act, 2015, income-tax is required to be deducted under Section 192 of the Act from income chargeable under
The Income Tax Department is committed to the objective of timely delivery of quality taxpayer services in a fair and transparent environment
Changes in the APAR format of the Assessing Officer of Income Tax Department Read More »
