Income Tax Deduction for NPS Subscribers
As per the Income Tax Rules, the following Tax Deductions are allowed to all the central government employees in NPS
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Rates of Income tax
Income Tax 2020-21 Deduction from salaries Circular No.20/2020
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
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Last date for Exercising option for Old or New Income Tax Rates
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
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Difference between Income Tax Slabs 2019-20 and 2020-21
The main aspects which differentiate between old Income Tax Slabs 2019-20 and 2020-21 is given below
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Personal Income Tax Slab for FY 2020-21
This Personal Income Tax Slab for FY 2020 21 paves the way for significant relief, especially for Middle Class Taxpayers
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Income Tax Deduction from Salaries during Financial Year 2018-19
Income Tax Deduction from Salaries during Financial Year 2018-19
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Income tax deduction on pension payments and Form-16 : CPAO Instruction
Income tax deduction on pension payments and Form-16 : CPAO Instruction 09.03.2018 CPAO/IT &Tech/Bank Performance/37 (Vol-II) 2017-18/204 Memorandum Subject: – Deduction of Income Tax at the time of making payment.
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Relief to salaried taxpayers – standard deduction of Rs 40000 allowed
Relief to salaried taxpayers – standard deduction of Rs 40000 allowed Press Information Bureau Government of India Ministry of Finance 01-February-2018 13:29 IST Relief to salaried taxpayers: standard deduction of
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Govt says No Proposal to Revise Income Tax Rates this year
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
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Mandatory Quoting of Aadhaar for PAN Applications and Filing Return of Income
Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of
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IT Exemption limit not Changed but Tax reduced to 5% upto Rs.5Lakh
The finance minister has proposed to slash the tax rate for individuals in the lowest income tax slab – Rs 2.5 lakh to Rs 5 lakh –to 5% instead of
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