Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs In its Pre-Budget wish list regarding Income Tax 80C, the Confederation of Indian Industries (CII) has suggested to the Finance Ministry that the consolidated deduction under 80C be raised from Rs. 1 lakh to Rs. 2.5 lakhs. Most Central Government employees have savings schemes that are linked with General … [Read more...] about Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
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Income Tax - Central Government Employees
Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs
Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs According to information from the Finance Ministry, the Government is giving serious thoughts about raising the income tax exemption slab from the current Rs. 2 lakhs to Rs. 5 lakhs. The information adds that Modi is planning to make the raising of income tax exemption slab from Rs. 2 lakhs … [Read more...] about Central Government is planning to raise the Income Tax exemption slab to Rs. 5 Lakhs
General Budget 2014-15: NFIR Presents list of proposals to be considered
General Budget 2014-15: NFIR Presents list of proposals to be considered NFIR has made a list of all the proposals that Central Government employees expect in the 2014-15 General Budget. On the 11th of this month, Mr. Raghavaiah, the General Secretary of NFIR, sent a letter to the Finance Ministry, containing certain proposals that are worth considering. The letter … [Read more...] about General Budget 2014-15: NFIR Presents list of proposals to be considered
CAT suspends promotion of 148 Income Tax inspectors
Central Administrative Tribunal suspends promotion of 148 Income Tax inspectors TNN | Jun 13, 2014 HYDERABAD: The Hyderabad bench of the Central Administrative Tribunal (CAT) comprising B Venkateshwar Rao, (member judicial) and Minnie Mathew (member administration) on Thursday suspended the promotions given to 148 income tax inspectors by the IT chief commissioner of AP, … [Read more...] about CAT suspends promotion of 148 Income Tax inspectors
Raise Income Tax Exemption Slab to Rs. 5 Lakhs: NC JCM Staff Side
Raise Income Tax Exemption Slab to Rs. 5 Lakhs: NC JCM Staff Side A letter has been written to the Finance Minister presenting the demand to raise the income tax exemption slab. Mr. Siva Gopal Mishra, the Secretary of the National Council JCM Staff Side, has sent a letter regarding income tax exemption. In the letter to the Finance Minister Arun Jaitley, it was suggested … [Read more...] about Raise Income Tax Exemption Slab to Rs. 5 Lakhs: NC JCM Staff Side
Raising of exemption limit for Income Tax and exemption of all allowances from Income Tax: NC JCM writes to Finance Minister
Raising of exemption limit for Income Tax and exemption of all allowances from Income Tax: NC JCM writes to Finance Minister Raising of exemption limit of Income Tax to Rs. 5 lakh for Individuals, Rs. 7 lakh for Senior Citizens above 60 years and Rs. 10 lakh for the very old and exemption of all allowances from Income Tax – Com. Shiva Gopal Mishra Secy/NC JCM writes to … [Read more...] about Raising of exemption limit for Income Tax and exemption of all allowances from Income Tax: NC JCM writes to Finance Minister
Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley
Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley Arun Jaitley, one of BJP’s prominent leaders says that raising income tax slab to Rs 5 lakh will benefit more than thirty million people in the country. He also added that direct tax should be reduced, If the Income Tax limit is raised from Rs. 2 lakh to Rs. 5 lakh, 3 crore people will save Rs. … [Read more...] about Income Tax exemption limit should be raised to Rs 5 Lakh: Arun Jaitley
CBDT released revised allocation of regionwise posts
CBDT released revised allocation of regionwise posts F.No. HRD/CM/102/28/2013-14 Government of India/Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Income Tax New Delhi, 31 March, 2014 ORDER In continuation of separate sanction orders of CBDT vide F.No. HRD/CM/102/3/2009 - 10/11/0167 dated le July 2013 for creation of posts in the … [Read more...] about CBDT released revised allocation of regionwise posts
Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014
Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014 F.No.225/138/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 24th March, 2014 Order under Section 119(1) of the Income tax Act, 1961. The Financial Year 2013-14 closes on 31.3.2014. In view of closer of office on 29th and … [Read more...] about Income Tax Offices shall remain open on 29th, 30th and 31st of March, 2014
Indian Tax System and Effect on Central Government Employees.
Indian Tax System and Effect on Central Government Employees. Comrades, The Central Government has been informing the general public that crores of rupees were spent on salary and pension of Central Government Employees. In fact the following are facts out of total revenue of Central Government the share of CG Employees towards Salary, perks and pension amount is just … [Read more...] about Indian Tax System and Effect on Central Government Employees.
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