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

Income Tax Department List of Benefits Available to Salaried Persons

January 6, 2020

Income Tax Department List of Benefits Available to Salaried Persons Income Tax on Salaries List of benefits available to Salaried Persons AY 2020-2021 Allowances Section Particulars Benefits 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is … [Read more...] about Income Tax Department List of Benefits Available to Salaried Persons

Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail

November 5, 2015

Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail Taxpayers are requested not to respond to any email or any type of communication sent to them requesting them to furnish their personal particulars such as Bank account details, passwords, OTP etc. purported to be from … [Read more...] about Income Tax Department issued an Advisory on Phishing, Fraudulent Refund E-mail

Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders

October 23, 2014

Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders GOVERNMENT OF INDIA, MINISTRY OF FINANCE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj, … [Read more...] about Amendment in the scheme of distribution of posts under the Cadre Restructuring Plan of the Income-Tax Department – CBDT Orders

“Pay Taxes with Fine” – Notice to Government Employees

September 20, 2014

“Pay Taxes with Fine” – Notice to Government Employees Since the amount deducted from the government employees was not transferred to the Income Tax department properly, the government has now sent notices to employees to pay income taxes with penalty. Not surprisingly, the government employees … [Read more...] about “Pay Taxes with Fine” – Notice to Government Employees