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INCOME TAX

Rationalisation of Income Tax Slabs 2022

Last Modified: March 29, 2022

Reduction or Rationalisation of Income Tax Slabs Rationalization of Income Tax Slabs: Those in the higher income brackets contribute more to the Nation’s development. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 1524 TO BE ANSWERED ON TUESDAY, MARCH 15, 2022/ PHALGUNA 24, 1943 (SAKA) RATIONALISATION OF INCOME TAX SLABS 1524. … [Read more...] about Rationalisation of Income Tax Slabs 2022

IT Deduction from Salaries in Financial Year 2021-22

Last Modified: March 29, 2022

Income Tax Notification 2021 | CBDT Circular 04/2022 Income-Tax Deduction from Salaries during the Financial Year 021-22: Circular No. 04/2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCE­ INCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR … [Read more...] about IT Deduction from Salaries in Financial Year 2021-22

Children Education Allowance Income Tax Online Tool for CG Employees

Last Modified: June 12, 2019

Children Education Allowance Income Tax Online Tool for CG Employees Exempted from Income Tax for Children Education Allowance and Hostel Expenditure allowance – A simple calculator for CG Employees How to use the tool Step 1: Select the option Children Education Allowance or Hostel Subsidy Step 2: Enter the Amount Received for 1st and 2nd Child Step 3: Enter Number of Months … [Read more...] about Children Education Allowance Income Tax Online Tool for CG Employees

Union Budget for 2019-20 on 5th July 2019

Last Modified: June 1, 2019

Union Budget for 2019-20 on 5th July 2019 Union Budget for 2019-20 will be presented in the Lok Sabha on Friday, the 5th July, 2019 Cabinet approves Summoning of Parliament after General Election, 2019 Lok Sabha session during 17th June-26th July Rajya Sabha during 20th June-26th July Economic Survey to be presented on 4th July Union Budget to be presented on 5th July The Union … [Read more...] about Union Budget for 2019-20 on 5th July 2019

Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations

Last Modified: January 24, 2019

Income Tax Circular 2019 - Tax Deduction from Salaries with Illustrations Income Tax Circular 2019 - Tax Deduction at Source from Salaries with Illustrations Method of Tax Calculation, Relief When Salary Paid in Arrear or Advance, Income from house property, Adjustment for Excess or Shortfall of Deduction and Salary Paid in Foreign Currency Income Tax deduction at source from … [Read more...] about Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations

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