Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations

Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations Income Tax Circular 2019 – Tax Deduction at Source from Salaries with Illustrations Method of Tax Calculation, Relief When Salary Paid in Arrear or Advance, Income from house property, Adjustment for Excess or Shortfall of Deduction and Salary Paid in Foreign Currency Income Tax … Read more

Income Tax Circular 2019 – Income Tax Rates AY 2019-20

Income Tax Circular 2019 – Income Tax Rates AY 2019-20 Income Tax Rates as per the Income Tax Circular No.01/2019 published by the Central Board of Direct Taxes on 1.1.2019 for the Financial Year 2018-19 (Assessment Year 2019-20) RATES OF INCOME-TAX AS PER FINANCE ACT, 2018: Income Tax Circular 2019 – Tax Deduction from Salaries … Read more

Central Govt setup a committee to simplify the provisions of the Income Tax Rules

Central Govt setup a committee to simplify the provisions of the Income Tax Rules Government Sets-Up A Committee to Simplify The Provisions of The Income Tax Act, 1961 The Government of India has constituted a Committee with a view to simplify the provisions of the Income Tax Act, 1961, with the following composition: (i) Justice … Read more

Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations?

Income Tax Exemption Limit Raised by Rs.50,000 – Does it meet the Central Government employees’ expectations? Finance Minister Arun Jaitley announced that the Income Tax exemption limit for individual taxpayers, below the age of 60 years has been raised from Rs. 2 lakhs to Rs. 2.5 lakhs. The General Budget 2014-15 presented by the Union … Read more