Arun Jaitley Against High Income Tax Rate to Raise Revenues By PTI NEW DELHI: Ahead of the budget, Finance Minister Arun Jaitley today said the NDA government is not in favour of high taxation, instead it would want to leave more money in the hands of consumers to fuel demand and growth. The minister also pledged to make the budgetary process more transparent so as to … [Read more...] about Arun Jaitley Against High Income Tax Rate to Raise Revenues
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Income Tax
Wednesdays as a ‘Public Meeting Day’ for hearing public grievances
Wednesdays as a ‘Public Meeting Day’ for hearing public grievances F.No.Dir(Hqrs.)/Cb.(DT)/29/2013 Government of India Ministry of Finance Department of Revenue {Central Board of Direct Taxes) Room No.157-B, North Block, New Delhi, Dated the 6th January,2015 OFFICE MEMORANDUM Subject: Instructions regarding observance of Wednesdays as a ‘Public Meeting Day’ for … [Read more...] about Wednesdays as a ‘Public Meeting Day’ for hearing public grievances
Unforgettable Year for Central Government Employees..! 2014
Unforgettable Year for Central Government Employees..! 2014 2014 was a year of expectations, disappointments, and trials and tribulations for Central Government Employees and Pensioners too. About Central Government Employees at a glance 2014 – This article brings you some important events and announcements… Strike: The year began with a collective decision of all … [Read more...] about Unforgettable Year for Central Government Employees..! 2014
INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2014-15
INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2014-15 CIRCULAR NO : 17/2014 F.No. 275/192/2014-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated 10th December, 2014 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2014-15 UNDER SECTION 192 OF THE … [Read more...] about INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2014-15
Income Tax exemption limit may raise further – Finance Minister
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
“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
July 31 is the Last Date to File the Income Tax Returns
July 31 is the Last Date to File the Income Tax Returns July 31 is the last date to file the tax returns for individuals. Here are some information that might be useful for filing tax returns: • Should those with income below the taxable limits also file the tax returns? Individuals with separate income and Pan card need not file tax returns. But, it is better if they do it. … [Read more...] about July 31 is the Last Date to File the Income Tax Returns
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
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