Income Tax Relaxation on NPS Maturity Value LOK SABHA UNSTARRED QUESTION No. 3975 TO BE ANSWERED ON FRIDAY, THE 10TH AUGUST, 2018 SHRI KONAKALLA NARAYANA RAO: (a) whether the Government is contemplating to give tax rebate on the maturity value of the amount deposited under National Pension Scheme (NPS) like Public Provident Fund and if so, the details thereof; (b) whether … [Read more...] about Income Tax Relaxation on NPS Maturity Value
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Income Tax Relaxation
“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
Extension of last date for filing of Income Tax Returns – Extended upto 5th August
Extension of last date for filing of Income Tax Returns – Extended upto 5th August Last date for filing of Income Tax Returns extended to August 5 The government on Wednesday extended the last date for filing of income tax returns by five days to August 5. The due date,which was July 31,has been extended in wake of “unprecedented surge” in number of I-T returns being … [Read more...] about Extension of last date for filing of Income Tax Returns – Extended upto 5th August
Income Tax Structure further needs to simplified – Ms. Nirmala Sitharaman
Income Tax Structure further needs to simplified - Ms. Nirmala Sitharaman Ms. Nirmala Sitharaman, Minister of State for Finance said that tax structure needs to be further simplified so that it is easy for tax payers to comply and pay off the tax due from them. She said that the citizens want to become lawful compliant rather than tax evaders. Ms Sitharaman was delivering … [Read more...] about Income Tax Structure further needs to simplified – Ms. Nirmala Sitharaman
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
IT relaxation for the expense of serious diseases including cancer
IT relaxation for the expense of serious diseases including cancer Income Tax relaxation on the expenditure of serious diseases, the ‘diseases prescribed under Rule 3A (2) of the Rules include cancer’. On 13th August 2013, the Minister of Health and Family Welfare has replied to a question above mentioned that "Under the provisions of section 80DDB of the Income-tax Act, … [Read more...] about IT relaxation for the expense of serious diseases including cancer
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