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CENTRAL GOVERNMENT EMPLOYEES NEWS

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You are here: Home / Archives for IT Exemption
  • Flash News - Grant of Non-Productivity Linked Bonus to Central Government Employees

    Flash News - Grant of Railway Bonus 2020

    Flash News - Postal Employees Bonus 2020

    Flash News - Bonus for EPFO Employees 2020

    Central Government Offices Holiday List 2021

    No DA/DR to Central Government employees till July 2021

    Expected DA from January 2021

    7th Pay Commission Latest News 2021

    Latest DoPT Orders 2021

    MACP FOR THE CENTRAL GOVERNMENT CIVILIAN EMPLOYEES

IT Exemption - Income Tax Exemption - CENTRAL GOVERNMENT EMPLOYEES NEWS

IT Exemption for payment of deemed LTC fare for non-Central Government employees

October 30, 2020 by admin Leave a Comment

IT Exemption for LTC fare Ministry of Finance Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees 29 OCT 2020 In view of the COVID-19 pandemic and resultant nationwide lockdown as well as disruption of transport and hospitality sector, as also the need for observing social distancing, a number of employees are not able to avail … [Read more...] about IT Exemption for payment of deemed LTC fare for non-Central Government employees

Introduction of Taxable Floating Rate Savings Bonds 2020 – PIB

June 28, 2020 by admin Leave a Comment

Ministry of Finance Introduction of Floating Rate Savings Bonds, 2020 (Taxable) 26 JUN 2020 The Government has notified the new Floating Rate Savings Bonds, 2020 (Taxable)Scheme in place of 7.75 percent Savings (Taxable) Bonds, 2018 Scheme which ceased for subscription from the close of banking business on May 28, 2020. The broad features of the new Floating Rate … [Read more...] about Introduction of Taxable Floating Rate Savings Bonds 2020 – PIB

Budget 2020 – Personal Income Tax and tax simplification

February 3, 2020 by admin Leave a Comment

Budget 2020 - Personal Income Tax and tax simplification In order to provide significant relief to individual taxpayers and to simplify the Income-Tax law, the Finance Minister proposed to introduce a new and simpler personal income tax system in which income tax rates will be substantially reduced for individual taxpayers who forgo such deductions and exemptions. The … [Read more...] about Budget 2020 – Personal Income Tax and tax simplification

Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder – DoP

January 14, 2020 by admin Leave a Comment

Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder - DoP SB Order No. 02/2020 F.No 109-27/2019-SBGovt. of India Ministry of CommunicationDepartment of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated: 09.01.2020 To, All Head of Circles / Regions Addl. Director General, APS, New Delhi Subject :- … [Read more...] about Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder – DoP

Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018

March 12, 2019 by admin Leave a Comment

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 Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 to Rs. 20 lakhs. Shri Santosh Kumar Gangwar, Minister of State for Labour and Employment has expressed hope … [Read more...] about Income tax exemption for gratuity increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018

Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh

February 1, 2019 by admin Leave a Comment

Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh Finance Minister Piyush goyal has proposed that individuals with income upto Rs 5 lakh will not have to pay any income tax for FY2019-20. In the previous budgets also, the Narendra Modi led-government provided tax relief to taxpayers. In Budget 2014, the minimum tax-exemption limit was raised from Rs 2 … [Read more...] about Budget 2019 : Income Tax exemption limit raised to Rs. 5 lakh

Income Tax benefits from Post Office Saving Schemes

December 23, 2018 by admin Leave a Comment

Income Tax benefits from Post Office Saving Schemes Interest rates on these post office saving schemes move in line with the government's interest rates on small savings schemes.India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with income tax benefits. Using these saving schemes, investor can claim a deduction … [Read more...] about Income Tax benefits from Post Office Saving Schemes

Income Tax benefits In Sukanya Samriddhi Account (SSA)

March 29, 2018 by admin Leave a Comment

Income Tax benefits In Sukanya Samriddhi Account (SSA) (i) Sukanya Samriddhi Account has been specified under clause (viii) of Sub Section (2) of Section 80(C) of Income Tax Act 1961 and deposits under these accounts enjoy benefit of this Income Tax Section up to the overall maximum limit of Rs. One lakh Fifty Thousand (1,50,000). (ii) By Finance Act 2015, a new clause … [Read more...] about Income Tax benefits In Sukanya Samriddhi Account (SSA)

Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000

February 1, 2018 by admin Leave a Comment

Ministry of Finance Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit on investment under PMVVY enhanced to Rs 15 lakhs With the objective of providing a dignified life to senior citizens, the Union Minister for Finance and Corporate Affairs, Shri Arun … [Read more...] about Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation

July 13, 2017 by admin Leave a Comment

No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation; Services provided by an educational institution to students, faculty and staff are fully exempt from GST. There are some reports that [email protected]% will be levied on annual subscription/fees charged for lodging in hostels. This is not … [Read more...] about No GST on Annual subscription/fees charged as lodging/boarding charges by educational institutions from its students for hostel accommodation

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7th CPC DA Arrears Ready Reckoner Tables for all Level

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