Press Information Bureau Government of India Ministry of Finance 24-July-2014 12:33 IST Special Arrangements Made for Accepting Returns of Income; Offices to Remain Open on 26th July and 27th July, 2014, Being Saturday and Sunday, for Accepting the Returns During Normal Office Hours For the convenience of the taxpayers, the Income Tax Department has decided to … [Read more...] about Special Arrangements Made for Accepting Returns of Income; Offices to Remain Open on 26th July and 27th July
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Income Tax
Incentives to Food Processing Units
Incentives to Food Processing Units The Ministry has launched a Centrally Sponsored Scheme of National Mission on Food Processing (NMFP) in 12th Plan (2012-17) through State/UT Governments. The mission has, interalia, one of the schemes namely scheme of Technology Upgradation/ Establishment/ Modernization of Food Processing Industries. Under the above scheme of the mission, … [Read more...] about Incentives to Food Processing Units
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
Income Tax Department Cautions the Public about Phishing Emails
Income Tax Department Cautions the Public about Phishing Emails The Income Tax Department has asked the general public to not fall prey to the fraudulent emails that are being circulated regarding new tax guidelines. In its press release dated 15.07.2014, the Income Tax Department has said the following – A number of taxpayers have received emails advising them to … [Read more...] about Income Tax Department Cautions the Public about Phishing Emails
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..?
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?
Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act – IRSA’s clarificatory communication to all IT heads
Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act - IRSA's clarificatory communication to all IT heads INDIAN REVENUE SERVICE ASSOCIATION (ALL INDIA BODY) President General Secretary Raminder Kaushal Rajani Kant Gupta F.No. IRSA(AIB)/EC/Res./UK-DR/5 Date: 15th July, 2014 To All Principal … [Read more...] about Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act – IRSA’s clarificatory communication to all IT heads
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
Salaried women to get higher income tax exemption in the Budget 2014
Salaried women to get higher income tax exemption in the Budget 2014 Good news for salaried women! Narendra Modi Government is considering higher income tax exemption limit for women in the budget for 2014-15. Finance minister Arun Jaitley is restructuring tax slabs and is thus set to approve a proposal to raise the tax exemption limit to Rs 3 lakh from existing Rs 2 … [Read more...] about Salaried women to get higher income tax exemption in the Budget 2014
Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs In its Pre-Budget wish list regarding Income Tax 80C, the Confederation of Indian Industries (CII) has suggested to the Finance Ministry that the consolidated deduction under 80C be raised from Rs. 1 lakh to Rs. 2.5 lakhs. Most Central Government employees have savings schemes that are linked with General … [Read more...] about Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
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