Income tax

Income Tax Exemption of Rs. 5 lakhs per annum to pension income

Income Tax Exemption of Rs. 5 lakhs per annum to pension income

Income Tax Exemption of Rs. 5 lakhs per annum to pension income “Exemption of Rs. 5 lakhs per annum to pension income” Shiv Pratap Shukla D.O.No.370150/9/2017-TPL MINISTER OF STATE FOR FINANCE GOVERNMENT OF INDIA NEW DELHI – 110001 14th November, 2017 Dear Dr. Tharoor ji, Kindly refer to your D.O.letter No. DO/ST/09/2017/986 dated 26.09.2017 requesting […]

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HRA Tax Exemption Calculator

HRA Tax Exemption Calculator

HRA Tax Exemption Calculator HRA Tax Exemption Calculator is provided here to calculate the amount of HRA to be Exempted and Taxable HRA is declared as Tax Free income subject to the following conditions. The Income Tax Department has laid down the following conditions to calculate the amount of HRA to be exempted. [ See

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HRA Tax Exemption Calculation

HRA Tax Exemption Calculation

HRA Tax Exemption Calculation House Rent Allowance is a Tax Free Income under Section 10(13A) of the Income-tax Act, subject to the following conditions. House rent allowance [Section 10(13A)] of the Income-tax Act As per section 10(13A), read with rule 2A of the Income-tax Act, the exemption in respect of HRA will be lower of

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Mandatory-Levy-will-be-charged-for-Non-filing-of-IT-Return-within-Due-date

Mandatory Levy will be charged for Non filing of IT Return within Due date

Mandatory Levy will be charged for Non filing of IT Return within Due date GOVERNMENT OF INDIA MINISTRY OF FINANCE LOK SABHA UNSTARRED QUESTION NO: 4263 ANSWERED ON:11.08.2017 Action against Non-Filers of Income Tax RAYAPATI SAMBASIVA RAO a)The existing laws in place to deal with the IT defaulters; b)Whether the Government is planning to take

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Clarification regarding number of Taxpayers added after Demonetization

Clarification regarding number of Taxpayers added after Demonetization Various news reports/articles have appeared in the media regarding inconsistency in the estimates of the number of taxpayers added after demonetization. It has been commented that the following different figures have been given at different forums by different authorities: (i) The Prime Minister mentioned in his Independence

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