NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh. "We urged Union Finance Minister to raise the Income Tax exemption limit to Rs five lakh," National Mazdoor … [Read more...] about NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc
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IT Exemption
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?
Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs
Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs According to information from the Finance Ministry, the Government is giving serious thoughts about raising the income tax exemption slab from the current Rs. 2 lakhs to Rs. 5 lakhs. The information adds that Modi is planning to make the raising of income tax exemption slab from Rs. 2 lakhs … [Read more...] about Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs
Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley
Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley Arun Jaitley, one of BJP’s prominent leaders says that raising income tax slab to Rs 5 lakh will benefit more than thirty million people in the country. He also added that direct tax should be reduced, If the Income Tax limit is raised from Rs. 2 lakh to Rs. 5 lakh, 3 crore people will save Rs. … [Read more...] about Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley
More than 82 Lakh Returns E-Filed till 29.07.2013
More than 82 Lakh Returns E-Filed till 29.07.2013 Press Information Bureau Government of India Ministry of Finance 30-July-2013 20:05 IST Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than … [Read more...] about More than 82 Lakh Returns E-Filed till 29.07.2013
New rules of filing tax returns
New rules of filing tax returns The tax authorities have introduced several new guidelines for filing returns this year. Find out how these changes are likely to impact you. First they made it compulsory for businesses to e-file their tax returns. Then they made it mandatory for taxpayers with incomes of over 10 lakh to take the online route. This year, the income tax … [Read more...] about New rules of filing tax returns
Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. Five Lakh
Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. Five Lakh Press Information Bureau Government of India Ministry of Finance 22-July-2013 18:22 IST Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment … [Read more...] about Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. Five Lakh
Proposed Income Tax: IT exemption Limit for the financial year 2013-2014
Proposed Income Tax: IT exemption Limit for the financial year 2013-2014 Congress Leaders requested Finance Minister to raise Income tax exemption Limit to Rs.4 lakhs in the budget 2013-14 In a pre-budget meeting with Finance Minister P Chidambaram here on Thursday, Congress leaders have asked the UPA government to increase the taxable income exemption limit to Rs 4 lakh … [Read more...] about Proposed Income Tax: IT exemption Limit for the financial year 2013-2014
Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
Press Information Bureau Government of India Ministry of Finance 20-July-2012 15:49 IST Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13 Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the … [Read more...] about Exemption of Salaried Employees from Requirement of Filing of Returns for Assessment Year 2012-13
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