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

February 17, 2022

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

May 20, 2021

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

SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes

June 29, 2020

SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes SB Order on reduction of rate of TDS in POSB Schemes S.B. Order 23/2020 e. F.No.FS-79/2/2020-FS Government of India Ministry of Communications Department of Posts (Financial Services Division) Dak Bhawan, New … [Read more...] about SB Order on reduction of rate of Tax Deducted at Source (TDS) in POSB Schemes

Income Tax Return Filing Due Date Extended to 30 November 2020 for AY 2020-21

May 15, 2020

Income Tax Return Filing Due Date Extended to 30 November 2020 for AY 2020-21 The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020. Similarly, tax audit due date will be extended to 31 October 2020 Finance Minister announce measures for relief … [Read more...] about Income Tax Return Filing Due Date Extended to 30 November 2020 for AY 2020-21