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
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Income Tax
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
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.
Government deductors get relief from fee u/s 234E for late submission of TDS statement
Government deductors get relief from fee u/s 234E for late submission of TDS statement Press Information Bureau Government of India Ministry of Finance 06-March-2014 16:54 IST Due-Date of Filing of TDS/TCS Statements for FY 2012-13 (2nd to 4th Quarter) and FY 2013-14 (1st to 3rd Quarter) Extended upto 31.03.2014 in the Case of Government Deductors The Central Board of … [Read more...] about Government deductors get relief from fee u/s 234E for late submission of TDS statement
Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14
Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14 Circular No. 07/2014 F. No. 275/27/2013-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 4th March, 2014 All Chief Commissioners of Income-tax All Directors General of … [Read more...] about Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14
Highlights of Interim Budget 2014-2015
Highlights of Interim Budget 2014-2015 ONE RANK ONE PENSION ACCEPTED FOR DEFENCE SERVICES. FISCAL DEFICIT FOR 2013-14 WILL BE 4.6 PERCENT OF GDP. CURRENT ACCOUNT DEFICIT (CAD) WILL BE PEGGED TO$45 BILLION. FOOD INFLATION STILL THE MAIN WORRY. DECLINES SHARPLY FROM 13.6 PERCENT TO 6.2 PERCENT. IN THE CURRENT YEAR, AGRICULTURE GROWTH UP AT 4.6 PERCENT. MERCHANDISE … [Read more...] about Highlights of Interim Budget 2014-2015
Bonus/Mutual Fund/ Dividend: Additional income-tax on distributed Income under section 115R of the Income-tax Act
Bonus/Mutual Fund/ Dividend: Additional income-tax on distributed Income under section 115R of the Income-tax Act Clarification regarding scope of additional income-tax on distributed Income under section 115R of the Income-tax Act -regarding. Circular No. 6 /2014 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North … [Read more...] about Bonus/Mutual Fund/ Dividend: Additional income-tax on distributed Income under section 115R of the Income-tax Act
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