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 Exemption
Pension Exempt from Income Tax – BPS writes to FM
Pension Exempt from Income Tax – BPS writes to FM Pension of Ex-Govt Employees to be Net of Income Tax Dt – 23.11.18 BHARAT PENSIONERS SAMAJ (All India Federation of Pensioners Association) 2/13-A-LGF Backside, Jangpura – ‘A’, New Delhi – 110 014 No BPS/ SG/pension/I.Tax/018/1 Dated: … [Read more...] about Pension Exempt from Income Tax – BPS writes to FM
Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham
Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham Budget-2016-17: Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man Monday, February 15, 2016 Revision in the income tax exemption limit to at least Rs four lakh is the most important and pressing … [Read more...] about Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham
Issue of Income Tax Refunds of Smaller Amounts
Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts … [Read more...] about Issue of Income Tax Refunds of Smaller Amounts
Government of India for the following fiscal benefits including tax rebate and relaxations
Tax Benefits to Tourism Industry The Tourism Industry has requested the Government of India for the following fiscal benefits including tax rebate and relaxations: i. Inclusion of tourism infrastructure like hotels/resorts/tourist lodges/banquet halls/convention and exhibition centres etc. for … [Read more...] about Government of India for the following fiscal benefits including tax rebate and relaxations