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CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

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TDS

CBDT clarifies the TDS provisions on Mutual Fund dividend

February 4, 2020 by admin Leave a Comment

Ministry of FinanceCBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend 04 FEB 2020 The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/ unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income … [Read more...] about CBDT clarifies the TDS provisions on Mutual Fund dividend

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 department revises the Form 16 TDS certificate format issued by employers

April 22, 2019 by admin Leave a Comment

Income Tax department revises the (Form 16) TDS certificate format issued by employers The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. It will also include segregated information regarding … [Read more...] about Income Tax department revises the Form 16 TDS certificate format issued by employers

Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices

January 21, 2019 by admin Leave a Comment

Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT … [Read more...] about Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

July 29, 2018 by admin Leave a Comment

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19 ANNEXURE-I SOME ILLUSTRATIONS Example 1 For Assessment Year 2018-19 (A) Calculation of Income tax in the case of an employee(Male or Female) below the age of sixty years and having gross salary income of: i) Rs.2,50,000/- , ii) Rs.5,00,000/- , iii) Rs.10,00,000/- iv) Rs.55,00,000/-. and v) … [Read more...] about Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme

July 20, 2018 by admin Leave a Comment

Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme F.No 79-01/2016-SB Government of India Ministry of Communications Department of Posts DakBhawan, Sansad Marg, New Delhi-110001 Date: 29.06.2018 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi. Subject - Deduction of TDS in respect of Senior … [Read more...] about Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme

Filling of Returns by every Government Servant – Income Tax

July 9, 2018 by admin Leave a Comment

Filling of Returns by every Government Servant - Income Tax Government Servant भारत सरकार /Government of India आयकर विभाग/Income Tax Department आयकर आयुक्त चेन्नै-3 का कार्यालय, चेन्नै Office of the Pr. Commissioner of Income Tax-3, Chennai कमरा सं.410, चौथातल, आयकर भवन, 121, महात्मागांधी रोड, चेन्नै-34. 4th Floor, Main Building, 121, Mahathma Gandhi Road, … [Read more...] about Filling of Returns by every Government Servant – Income Tax

TA AND SITTING FEE – PAYABLE TO OFFICIAL AND NON – OFFICIAL MEMBERS / EXPERTS

November 10, 2017 by admin Leave a Comment

TA AND SITTING FEE - PAYABLE TO OFFICIAL AND NON - OFFICIAL MEMBERS / EXPERTS   F.No.21-1/2015(FD- 1/B) Dated: 22.09.2017   OFFICE MEMORANDUM   TA AND SITTING FEE - PAYABLE TO OFFICIAL AND NON - OFFICIAL MEMBERS / EXPERTS   In supersession of UGC.OM.No.21-1/2015(FD-1/B)dated 16th March,2016,the rules for TA and Sitting Fee payable to the official … [Read more...] about TA AND SITTING FEE – PAYABLE TO OFFICIAL AND NON – OFFICIAL MEMBERS / EXPERTS

Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof

June 19, 2017 by admin Leave a Comment

Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof CIRCULAR No. 18/2017 F. No. 385/01/2015-IT (B) Government of India/भारत सरकार Ministry of Finance/वित्‍त मंत्रालय Department of Revenue(राजस्‍व व‍िभाग) Central Board of Direct Taxes(केन्‍द्रीय प्रत्‍यक्ष कर बोर्ड) North … [Read more...] about Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof

Salient Features of Direct Tax Proposals in Union Budget 2017

February 1, 2017 by admin Leave a Comment

Salient Features of Direct Tax Proposals in Union Budget 2017 The Union Budget 2017 was laid before the Parliament today by the Hon'ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing: 1. Three concessions in the scheme of Income Tax exemption for affordable housing: (a) Area of 30 and 60 Sq.mtr. to … [Read more...] about Salient Features of Direct Tax Proposals in Union Budget 2017

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Recent Comments

  • P C Mathaikutty on Freezing of Dearness Allowance to Central Government employees and Dearness Relief to Central Government pensioners at current rates till July 2021
  • Provat Kumar Pal on Request to the PM to release DA to the central government employees and DR to the pensioners
  • Sampat Rambhau Warbhuwan on Over payments made to DAD employees on account of wrong pay fixation granting the benefit of financial up gradation under ACP/MACP scheme
  • naresh on Classification of Cities for HRA as per 7th CPC – X Y Z Classification of Cities for HRA 2020
  • P.C.Mathaikutty on Union Budget 2021 – Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return

7th CPC DA Arrears Ready Reckoner Tables for all Level

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