Budget 2020 Highlights Income Tax New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New tax regime to be optional for the taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the … [Read more...] about Budget 2020 Highlights Income Tax
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INCOME TAX
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019 Income Tax Returns being filed either electronically or manually cannot be filed without quoting the Aadhaar number Circular No.6/2019 Government of IndiaMinistry of … [Read more...] about IT Returns cannot be filed without quoting the Aadhaar number – CBDT Order on 31st of March, 2019
Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs
IT Exemption on Gratuity – 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018 Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs Ministry of Finance has enhanced the income tax exemption for gratuity … [Read more...] about Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs
Income tax standard deduction for ay 2019-20 pdf
Income tax standard deduction for ay 2019-20 pdf RATES OF INCOME TAX – FINANCE BILL 2019 THE FINANCE BILL, 2019 A BILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to taxpayers and to make amendments in certain enactments. BE … [Read more...] about Income tax standard deduction for ay 2019-20 pdf
Income tax deductions from salary fy 2018-19
Income tax deductions from salary fy 2018-19 INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2018-19 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961. CIRCULAR NO : 01 /2019 F.No. 275/192/2018-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of … [Read more...] about Income tax deductions from salary fy 2018-19