Salaried women to get higher income tax exemption in the Budget 2014 Good news for salaried women! Narendra Modi Government is considering higher income tax exemption limit for women in the budget for 2014-15. Finance minister Arun Jaitley is restructuring tax slabs and is thus set to approve a proposal to raise the tax exemption limit to Rs 3 lakh from existing Rs 2 … [Read more...] about Salaried women to get higher income tax exemption in the Budget 2014
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IT Exemption - Income Tax Exemption - CENTRAL GOVERNMENT EMPLOYEES NEWS
Raise IT Exemption to 5 Lakh, Merge DA, Scrap NPS, Funds for Interim Relief: NC(JCM) writes to Finance Minister
NC(JCM) Secretary writes to FM regarding the important major issues of Central Govt Employees as Pre-Budget Consultation:- Shiva Gopal Mishra Secretary National Council (Staff Side) Joint Consultative Machinery Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 No.NC/JCM/2014 Dated: June 17, 2014 Hon’ble Minister of Finance, (Government of India), … [Read more...] about Raise IT Exemption to 5 Lakh, Merge DA, Scrap NPS, Funds for Interim Relief: NC(JCM) writes to Finance Minister
Budget 2014 – CII suggests raising 80C deductions to Rs. 2.5 Lakhs
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
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
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
Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I
Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I CIRCULAR NO : 08 /2013 F.No. 275/192/2013-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated the 10th October, 2013 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2013-14 UNDER … [Read more...] about Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I
Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year…
Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year... A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month The Union Finance Minister Shri … [Read more...] about Government urges all tax Payers to pay Appropriate taxes and to disclose their True income within the Current Financial Year…
New procedures/forms for filling Income Tax returns
New ITR Filing Procedure The Government proposes to introduce new procedures/forms for filling Income Tax returns. Every year government notifies forms for filing of income-tax returns after incorporating the changes brought out by the Finance Act of the previous year and the suggestions received from stakeholders. The new forms for filing of income tax returns for the … [Read more...] about New procedures/forms for filling Income Tax returns
IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March
IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on … [Read more...] about IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March
Income Tax Refund : Interest on Income Tax refund amount due to delay
Income Tax Refund : Interest on Income Tax refund amount due to delay The below information was said in a written reply to a question about interest paid on income tax refund amount due to delay in Lok Sabha by the Minister of State for Finance Shri.S.S.Palanimanickam on 1st March, 2013 as follows… The Income Tax Act 1961, stipulates that refund to a taxpayer shall … [Read more...] about Income Tax Refund : Interest on Income Tax refund amount due to delay
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