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
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CBDT Circulars
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
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
CBDT-DIT (Infra.)-Adherence of delegated Financial Powers and Time-lines by Head of Departments (HoDs)
CBDT-DIT (Infra.)-Adherence of delegated Financial Powers and Time-lines by Head of Departments (HoDs) CBDT-DIRECTORATE OF INCOME TAX (INFRA.)- Instructions about Financial powers upto Rs.60/90 lakhs per annum have been delegated to the Head of Departments of CBDT for ‘Outsourcing of Services” and … [Read more...] about CBDT-DIT (Infra.)-Adherence of delegated Financial Powers and Time-lines by Head of Departments (HoDs)
New Provision in Finance Bill 2020-Central Board of Direct Taxes
New Provision in Finance Bill 2020-Central Board of Direct Taxes CBDT issues clarification on the new provision in Finance Bill 2020 Central Board of Direct Taxes has said that The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India if he or she is not … [Read more...] about New Provision in Finance Bill 2020-Central Board of Direct Taxes