Do you want to Know the Status For Income Tax Refund ? First Check Bank Account validation Status For Income tax Refund. Has your bank merged with another bank? Has […]
Check Bank Account validation Status For Income Tax Refund Read More »
Pension disbursing banks are obligated to ensure that they do not deduct Income Tax at source from the pensions of Gallantry Awardees. This obligation arises from the stipulations outlined in
No More Tax Deductions on Gallantry Awardees Pensions Read More »
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 Central Government has decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from an employer or from any person for treatment of COVID-19 during financial year 2019-20 and subsequent years.
Income Tax Exemption for COVID-19 Treatment Read More »
The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961 provides relaxation in respect of the following compliances o provide relief to taxpayers in view of the severe pandemic
Extension of time limits to provide relief to taxpayers Read More »
The rates of deduction of income-tax from the payment of income under the head “Salaries” under Section 192 of the Income-tax Act. 1961 during the financial year 2019-20
Income Tax 2020-21 Deduction from salaries Circular No.20/2020 Read More »
Labour Ministry directed its official to to exercise their option to choose between old or new income tax structure for the financial year 2020-21 (assessment year 2021-22) for the purpose of monthly income tax deduction on or before 10.7.2020
Last date for Exercising option for Old or New Income Tax Rates Read More »
Income Tax Department has developed two types of Calculator to calculate Income Tax in Old and New Tax Slab in Official Calculator. You can calculate the New Tax slab rates and old slab rates in this official Income Tax calculator
Calculate Income Tax in Old and New Tax Slab in Official Calculator Read More »
Income Tax Department has issued a Clarification for option under section 115BAC of the Income Tax Act 1961 that an employee, having income other than the income under the head “profit and gains of business or profession” and intending to opt for the concessional rate under section 115BAC of the Act, may intimate the deductor
Clarification for option under section 115BAC of the Income Tax Act 1961 Read More »
Income Tax Returns Due date will be extended to 30 November 2020 and TDS Reduced 25 Percent
Income Tax Returns Due date will be extended to 30 November 2020 Read More »
The main aspects which differentiate between old Income Tax Slabs 2019-20 and 2020-21 is given below
Difference between Income Tax Slabs 2019-20 and 2020-21 Read More »
