Budget 2023 - New tax regime Smt Nirmala Sitharaman provides major relief in the personal income tax. The indirect tax proposals contained in the budget aim to promote exports enhance domestic value addition, encourage green energy and mobility. Personal Income Tax There are five major announcements relating to the personal income tax. The rebate limit in the new tax … [Read more...] about Budget 2023 Major relief in the personal income tax
| 38% DA Order for Central Government Employees wef 1st July 2022 PDF |
Income Tax - Central Government Employees
DEDUCTION OF TAX AT SOURCE INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-2023
INCOME-TAX DEDUCTION FROM SALARIES GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF DIRECT TAXES DEDUCTION OF TAX AT SOURCE- INCOME-TAXDEDUCTION FROM SALARIESUNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2022-23 CIRCULAR NO. 24/2022 NEW DELHI, the 07th December, 2022 Table of Contents 1. Definition of … [Read more...] about DEDUCTION OF TAX AT SOURCE INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2022-2023
DAD – Submission of Income Tax Savings Documents for the Financial Year 2022-2023
Income Tax Savings Documents GOVERNMENT OF INDIAMINISTRY OF DEFENCECONTROLLER OF DEFENCE ACCOUNTS, GUWAHATIUdayan Vihar, Narangi, Guwahati - 781171 CIRCULAR NO. 105THROUGH OFFICIAL WEBSITE Subject: Submission of Income Tax Savings Documents for the Financial Year 2022-2023: DAD For the purpose of assessment and regularization of Income Tax for the Financial Year … [Read more...] about DAD – Submission of Income Tax Savings Documents for the Financial Year 2022-2023
The amount received in any financial year shall be furnished in Form A to the Assessing Officer within nine months from the end of such financial year or 31.12.2022
CBDT specifies Conditions for exemption of money received from employer or any person for Covid-19 Treatment under Section 56 (2)(x) vide Notification No. 92/2022-Income Tax, Dated: 05.08.2022 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 5th August, 2022 S.O. 3705(E). - In exercise of the powers conferred by clause … [Read more...] about The amount received in any financial year shall be furnished in Form A to the Assessing Officer within nine months from the end of such financial year or 31.12.2022
Tax Relief in the repercussion of Covid-19 treatment is tax-free under Section 56 (2)(x)
Tax Relief in the repercussion of Covid-19 Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x): IT Notification No. 90/2022 CBDT specifies Documents to be submitted by Employees for Tax Relief in the repercussion of Covid-19 under Section 56 (2)(x) vide Notification No. 90/2022-Income Tax, Dated: … [Read more...] about Tax Relief in the repercussion of Covid-19 treatment is tax-free under Section 56 (2)(x)
Income tax payers are not eligible to participate in Atal Pension Yojana
Atal Pension Yojana Gazette Notification dated 10.08.2022 MINISTRY OF FINANCE(Department of Financial Services)NOTIFICATION New Delhi, the 10th August, 2022 F. No. 16/1/2015-PR.- Atal Pension Yojana. - In partial modification of Ministry of Finance, Department of Financial Services Notification No. 16/1/2015-PR dated 16th October, 2015 on Atal Pension Yojana, published … [Read more...] about Income tax payers are not eligible to participate in Atal Pension Yojana
Reduction of time limit for verification of Income Tax Return (ITR) from 120 days to 30 days of transmitting the data of ITR electronically
Reduction of time limit for verification of Income Tax Return (ITR) Notification No. 05 of 2022 Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDirectorate of Systems New Delhi, dated : 29.07.2022 Subject: Reduction of time limit for verification of Income Tax Return (ITR) from within 120 days to 30 days of transmitting the … [Read more...] about Reduction of time limit for verification of Income Tax Return (ITR) from 120 days to 30 days of transmitting the data of ITR electronically
Taxability of various components of salary – Income from Different Sources AY 2023-2024 (FY 2022-2023)
Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Any income which is not chargeable to tax under any other heads of income and which is not to be excluded from the total income shall be chargeable to tax as residuary income under the head “Income from Other Sources”. Treatment of Income from Different Sources I. … [Read more...] about Taxability of various components of salary – Income from Different Sources AY 2023-2024 (FY 2022-2023)
List of benefits available to Salaried Persons for AY 2023-24 FY 2022-23 under Income Tax as amended by Finance Act, 2022
List of benefits available to Salaried Persons* [AY 2023-24] S.N.SectionParticularsBenefitsA.Allowances1.10(13A)House Rent Allowance (Sec. 10(13A) & Rule 2A)Least of the following is exempt: a) Actual HRA Receivedb) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi or Madras)c) Rent paid minus 10% of salary* Salary= Basic + DA (if part of … [Read more...] about List of benefits available to Salaried Persons for AY 2023-24 FY 2022-23 under Income Tax as amended by Finance Act, 2022
Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-2023 CBDT Procedure for compulsory selection
CBDT Complete Scrutiny F.No.225/ 81/2022/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 03rd June, 2022 To All Pr. Chief Commissioners of Income-tax/ Chief Commissioners of Income-taxAll Pr. Director Generals of Income-tax/ Director Generals of … [Read more...] about Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-2023 CBDT Procedure for compulsory selection
Latest DoPT Orders 2023
CENTRAL GOVT HOLIDAY LIST 2023
Indian Railway Holiday List 2023 PDF | Postal Holidays List 2023 India Post | Bank Holidays List 2023 India | LIC Office Holiday List 2023 PDF Download | EPFO Holiday List 2023 PDF Download | ESIC Holiday List 2023 PDF Download | CGHS Holiday Calendar List 2023 | Post Office Holidays 2023 | Railway Holidays CG Office Holidays 2023 | TN Govt Holidays 2023 | KVS Holiday List 2023 PDF
