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Income Tax Exemption Limit

New form to claim tax rebate on LTA, HRA

Last Modified: May 8, 2016

New form to claim tax rebate on LTA, HRA NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest paid on home loans. Taxpayers will have to furnish to their employers proof of travel in Form 12BB for claiming LTALTC benefits. … [Read more...] about New form to claim tax rebate on LTA, HRA

Annual Budget 2016 – Will the income tax slab increase? Or, will it not?

Last Modified: February 29, 2016

Annual Budget 2016 – Will the income tax slab increase? Or, will it not? “It is important to keep in mind the expectations of Central Government employees, who accurately calculate and set aside more than their one month’s salary to pay income tax each year.” The annual budget of 2016 is being presented today. Expectations are high that Modi Government will fulfill the … [Read more...] about Annual Budget 2016 – Will the income tax slab increase? Or, will it not?

Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham

Last Modified: February 16, 2016

Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham Budget-2016-17: Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man Monday, February 15, 2016 Revision in the income tax exemption limit to at least Rs four lakh is the most important and pressing expectation of a common-man who also seeks from the Finance Minister Mr Arun Jaitley … [Read more...] about Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham

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Latest Update

  • Rationalisation of Income Tax Slabs 2022 March 28, 2022
  • Central government Retirement Age 2022 March 28, 2022
  • Reservation Limits for Financially Weaker Segments March 28, 2022
  • Senior Citizens Welfare Plans 2022 March 28, 2022
  • Request to Hike Minimum Pension under EPF Pension Scheme March 28, 2022
  • Central Government Health Scheme Card Fees for Retired Govt Employees March 26, 2022
  • Fixed Monthly Incentive Received by ASHAs of Rs. 2000 PM March 26, 2022
  • Computer Advance Interest Rate to Government Servants 2022-23 March 26, 2022
  • Official Announcement – Bank Strike On March 28-29 Against Privatisation March 26, 2022
  • Indian Government is Planning to Issue E-Passports in 2022-23 March 26, 2022
  • Issue of Retiring from the Indian Air Force at a lower rank March 26, 2022
  • Air India LTC Fares updated as of 04 March 2022 March 25, 2022
  • Air Travel on Government Account: Railway Board Order March 25, 2022
  • Travelling Allowance to person re-employed in Railways March 25, 2022
  • Risk Allowance to the Defence Civilian employees March 25, 2022

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