Budget 2023 Highlights Tax The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on 01 Feb 2023 Budget 2023: Highlights of Income Tax Slabs 2023-24 Up to Rs 3 lakh income tax rate is 0% or NIL tax. From Rs 3 lakh to Rs 6 … [Read more...] about New Rates of Income Tax Budget 2023-24
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Income Tax
Income-Tax Deduction from Salaried Individuals for FY 2022-23: IT Circular
Rates of Income-tax as per Finance Act, 2022 Normal Rates of tax during the financial year 2022-23: In the case of every individual other than the individuals referred to Senior Citizens. Rates of tax for every individual, being a resident in India, who is of the age of sixty years or more … [Read more...] about Income-Tax Deduction from Salaried Individuals for FY 2022-23: IT Circular
Income Tax Deduction from Salaries During the Financial Year 2021-22
Rates of Income Tax on Salary Under Section 192 of the Income Tax Act, 1961 for FY 2021-22 (i.e.Assessment Year 2022-23) GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCEINCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 … [Read more...] about Income Tax Deduction from Salaries During the Financial Year 2021-22
GPF Interest Calculation on Above 5 lakhs for Deduction of TDS from Pay and Allowances
Calculation of Income Tax on Interest on GPF Above 5 lakhs for Deduction of TDS from the Pay and Allowances - DoP Circular Dated 15.02.2022 GPF subscribers whose GPF subscription is over Rs.5,00,000/- (Rupees Five Lakhs only) in the Financial year 2021-22 are required to intimate about the interest … [Read more...] about GPF Interest Calculation on Above 5 lakhs for Deduction of TDS from Pay and Allowances
Extension of Time Limits to Provide Relief to Taxpayers in view of Covid-19 Severe Pandemic
Income Tax Due Date Extension for FY 2020-21 and AY 2021-22 CBDT Circular No.9/2021 in F.No.225/49/2021/ITA-II dated 20.05.2021 issued a Circular on Extension of time limits to provide relief to taxpayers in view of Covid-19 severe pandemic F. NO.225/49/2021-ITA-II Government of India Ministry … [Read more...] about Extension of Time Limits to Provide Relief to Taxpayers in view of Covid-19 Severe Pandemic