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Showing posts with label Income Tax Exemption Limit. Show all posts
Showing posts with label Income Tax Exemption Limit. Show all posts

FinMin against raising Income Tax exemption limit to Rs 3 lakh

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The Finance Ministry has rejected the recommendation of the Parliamentary Standing Committee headed by former Finance Minister Yashwant Si...

INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2013-14 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961.

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CIRCULAR NO : 08 /2013  F.No. 275/192/2013-IT(B)  Government of India  Ministry of Finance  Department of Revenue  Central Board...

EXEMPTION FROM FILING ITR (INCOME TAX RETURN) NOT EXTENDED THIS ASSESSMENT YEAR 2013-14 – CBDT.

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       Income Tax Department issues press release to clarify that unlike previous year Salaried Employees with Total Income up to Rs.5 lakhs...

Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh.

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      The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having tot...

Raise I-T exemption limit to Rs 4 lakh: Congress.

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   In a pre-budget meeting with Finance Minister P Chidambaram here on Thursday, Congress leaders have asked the UPA government to increase ...

Govt. urges Tax Payers to disclose true income & pay Tax.

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   Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year;   ...

Govt. to raise income tax exemption limit to Rs 3 lakh in revised DTC.

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   The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on...

Tips for Salaried Persons to Save Income tax

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   Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not b...

Deduction u/s. 80C for tuition / school / education fees.

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Deduction u/s. 80C for tuition / school fees paid for education of children.    Who is Eligible: Deduction for tuition fees u/s. 80c of th...
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Unions pitch for hiking I-T exemption limit to Rs 5 lakh/annum.

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The I-T exemption limit for individuals stands at Rs 2 lakh per annum at present    Trade unions today demanded 12% interest on PF contribu...