Income Tax Calculator for FY 2016-17 and FY 2017-18 The budget announcement on Income Tax Slabs come into effect from 1.4.2017 for Financial year (FY) 2017-18. We are in Financial Year (FY) 2016-17. That is from 01/04/2016 to 31/03/2017. This means the Assessment Year is 2017-18. So, the Calculator provided below will help you to […]
Income Tax Calculator for FY 2016-17 and FY 2017-18 Read More »
CBDT: Certificate of Appreciation to Taxpayers Press Information Bureau Government of India Ministry of Finance 07-February-2017 20:26 IST CBDT issues Certificates of appreciation to nearly 3.74 lakh tax payers for their contribution towards Nation building In continuation of the initiative of the Government to acknowledge the contribution of tax payers by paying taxes towards nation
CBDT: Certificate of Appreciation to Taxpayers Read More »
General Budget 2017-18 – NFIR’s Proposals for Consideration Grant House Rent Allowance at the rate of 30%, 20% & 10% of 7th CPC Pay to the Central Government Employees working at Cities/Towns classified as ‘X’ ‘Y’ &’Z’ respectively with back date. NFIR National Federation of Indian Railwaymen 3, Chelmsford Road, New Delhi – 110055 No.IV/Budget/Part
General Budget 2017-18 – NFIR’s Proposals for Consideration Read More »
Income tax Rules Amendment Banks shall obtain Pan or Form No 60 for all the Existing Account Income-tax Rules have been amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017, if not already done. Press
IT Exemption should be increased to 5 Lakh – Deloitte Pre Budget Expectations Survey A recently released Deloitte Pre-Budget Expectations Survey Report reflects what has been widely expected as an easing of income tax limits in Budget 2017. According to the survey, basic IT exemption should be increased to Rs 5 lakh per year and the
IT Exemption should be increased to 5 Lakh – Deloitte Pre Budget Expectations Survey Read More »
CBDT Extends the date for filing Income Tax Return Press Information Bureau Government of India Ministry of Finance 29-July-2016 20:47 IST CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016. As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of
CBDT Extends the date for filing Income Tax Return Read More »
List of Taxable Elements of Pay and Allowance Taxable Elements of Pay : Provisions are applicable equally for monthly payment of Allowances as well as arrears for the said head of Pay/Allowances. Non-Taxable Elements of Pay : Salary for this purpose includes Pay in Pay Band + Grade Pay + MSP (w.e.f. 01 Sep 08)
List of Taxable Elements of Pay and Allowance Read More »
Release of New Functionality to Taxpayers to Secure their E-Filling Account The Income Tax Department from time to time has issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not to share them with others. The Income Tax Department has introduced a new facility called the “E-filing
New Functionality by Income Tax to Secure Taxpayers E-Filling Account Read More »
