Form No. 16 for Pensioners : Issue Certificate of Tax Deducted in Form 16 to the Pensioners Clarifications regarding use of Form No. 16 for pensioners where pensioners are drawing their pensions through banks – CBDT Circular No.761, dated … [Read more...]
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Linking of Aadhaar with PAN Extends date till 31.3.18
CBDT extends date till 31.3.18 for linking of Aadhaar with PAN Press Information Bureau Government of India Ministry of Finance 08-December-2017 12:21 IST CBDT extends date till 31.3.18 for linking of Aadhaar with PAN Under the provisions of … [Read more...]
Budget 2018-19 : Finance Minister Jaitley may Hike Income Tax Exemption Limit from Rs 2.5L to Rs 3L or More
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...]
Tax on Deposits of Retired Persons
Tax on Deposits of Retired Persons GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3023 TO BE ANSWERED ON FRIDAY, THE 5TH JANUARY, 2018 15,PAUSHA, 1939 (SAKA) TAX ON DEPOSITS OF RETIRED … [Read more...]
How to Claim Tax Benefit on Tuition Fees under Section 80C
How to Claim Tax Benefit on Tuition Fees under Section 80C Sending kids to school has an inbuilt tax advantage for parents. This is because tuition fee qualifies for tax benefit under Section 80Cof the Income-tax Act, 1961. The amount of tax benefit … [Read more...]
Deduction 80C Section : Income Tax
INCOME TAX EXEMPTIONS click below link to download the IT exemptions list Download … [Read more...]
The Union Finance Minister Arun Jaitley Holds his 6th Pre-Budget Consultation Meeting – IT
Arun Jaitley holds his 6th Pre-Budget Consultation Meeting The Union Finance Minister Shri Arun Jaitley holds his 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware &Software) Group;Highlights the steps taken by the present … [Read more...]
Link Aadhaar to LIC (Life Insurance Corporation)of India | Online
How to link your LIC policies with your Aadhaar Life insurance companies have to mandatorily obtain their customers' Aadhaar numbers and link the same with their respective policies. This follows an amendment in the Prevention of Money Laundering … [Read more...]
IT(Income Tax) Slab Rates for Defence Personnel – FY 2017-18 (AY 2018-19)
Income Tax Slab Rates for Defence Personnel – FY 2017-18 (AY 2018-19) INCOME TAX SLAB (FY 2017-2018) Upto Rs 2.5 Lakh/Nil Rs.2.5 to 5 Lakh/5% of amount exceeding Rs.2.5 Lakh Rs.5 Lakh to 10 Lakh/ Rs.12500/- plus 20% of amount exceeding Rs.5 … [Read more...]
Income Tax Department Suspends an officer for Harassing the Taxpayer
Income Tax Department Suspends an officer for Harassing the Taxpayer A complaint was received making serious allegations against Shri D. K. Meena, Deputy Commissioner of Income Tax, posted at Surendranagar in Gujarat Region for harassing a taxpayer … [Read more...]