Income Tax exemption may raise further – Finance Minister May raise tax exemption limit further: Arun Jaitley NEW DELHI: Finance minister Arun Jaitley on Saturday said that he does not favour burdening the salaried and middle-class with more taxes but would go after the evaders in widening the net. In fact, he would encourage more money being put in the … [Read more...] about Income Tax exemption limit may raise further – Finance Minister
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Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders
Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders GOVERNMENT OF INDIA, MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj, Institutional Area Phase-II New Delhi -110070. Ph. 26130592, Fax … [Read more...] about Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders
“Pay Taxes with Fine” – Notice to Government Employees
“Pay Taxes with Fine” – Notice to Government Employees Since the amount deducted from the government employees was not transferred to the Income Tax department properly, the government has now sent notices to employees to pay income taxes with penalty. Not surprisingly, the government employees are not happy about it. Employees with annual salary of more than Rs. 2 lakhs … [Read more...] about “Pay Taxes with Fine” – Notice to Government Employees
Granting Interim Relief/Merger of DA, LTC by Air and Exemption of Income Tax – Negation of the promises
Granting Interim Relief/Merger of DA, LTC by Air and Exemption of Income Tax - Negation of the promises Negation of the promises Top leaders of the present Central Government had showered promises to the working class, especially the Central Government Employees during General Election. The promises including exemption of Income Tax limit up to 5 lakhs and many other … [Read more...] about Granting Interim Relief/Merger of DA, LTC by Air and Exemption of Income Tax – Negation of the promises
Income Tax Department Launches New and Improved Online Calculator
Income Tax Department Launches New and Improved Online Calculator The Income Tax Department has launched an easy-to-use online calculator on its website. User can calculate his/her income tax based on the income and complete the tax formalities, including paying the tax, online. Information and details regarding the tax amount to be paid have been sent to the email id of … [Read more...] about Income Tax Department Launches New and Improved Online Calculator
Benefit from the Income Tax sops announced by the Government..?
Benefit from the Income Tax sops announced by the Government..? In the 2014-15 Budget that was presented recently, it was announced that the income tax exemption slab will be being raised from Rs. 2 lakhs per annum to Rs. 2.5 lakhs. On July 10, during the parliamentary session, while presenting the budget for the year 2014-15, Finance Minister Arun Jaitley announced that … [Read more...] about Benefit from the Income Tax sops announced by the Government..?
Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post – IT Department
Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post - IT Department GOVERNMENT OF INDIA MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II New Delhi— … [Read more...] about Granting of fixation benefit in cases of promotion from one post to another where the promotional post carries the same grade pay as the feeder post – IT Department
Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?
Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations? Finance Minister Arun Jaitley announced that the Income Tax exemption limit for individual taxpayers, below the age of 60 years has been raised from Rs. 2 lakhs to Rs. 2.5 lakhs. The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley … [Read more...] about Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?
Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C
Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C Some relief to individual and salary tax payers, Finance Minister Arun Jaitley presenting Union Budget 2014-15 today in Parliament, raised individual tax … [Read more...] about Union Budget 2014-15 : Income Tax exemption limit raised to Rs.2.5 lakh and also raised to Rs 1.5 lakh under Section 80C
Arun Jaitley May Double Tax Exemption in Maiden Budget
Arun Jaitley May Double Tax Exemption in Maiden Budget Finance Minister Arun Jaitley is expected to double exemption limit on long-term financial savings to ease tax burden on the middle class in his maiden budget on Thursday, sources told NDTV. Currently, the income tax exemption limit on such savings is capped at Rs. 1 lakh. Savings instruments such as housing loan … [Read more...] about Arun Jaitley May Double Tax Exemption in Maiden Budget
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