Income upto Rs 5 Lakh to Get Full Tax Rebate

Income upto Rs 5 Lakh to Get Full Tax Rebate “Additional deductions such as interest on home loan up to Rs.2 lakh, interest on education loans, National Pension Scheme contributions, medical insurance, medical expenditure on senior citizens” Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed Relief of over Rs … Read more

Employees thank Prime Minister for allowing standard deduction of Rs 40,000

Employees thank Prime Minister for allowing standard deduction of Rs 40,000 Ministry of Personnel, Public Grievances & Pensions Delegation of DoPT employees calls on MoS (PP) Dr Jitendra Singh Employees thank Prime Minister for allowing standard deduction of Rs 40,000 A delegation of officials of Department of Personnel and Training (DoPT), called on the Union … Read more

Income Tax Exemption 5 lakhs to Pensioners – Clarification

Income Tax Exemption 5 lakhs to Pensioners – Clarification “Exemption of Rs. 5 lakhs per annum to pension income” Shiv Pratap Shukla D.O.No.370150/9/2017-TPL MINISTER OF STATE FOR FINANCE GOVERNMENT OF INDIA NEW DELHI – 110001 14th November, 2017 Dear Dr. Tharoor ji, Kindly refer to your D.O.letter No. DO/ST/09/2017/986 dated 26.09.2017 requesting for providing exemption … Read more

Issue of IT Refunds of Smaller Amounts

Issue of IT Refunds of Smaller Amounts In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously. As a result of the … Read more

Special Counters to file I-T Returns; for the next 5 days at Income Tax Office

Special Counters to file I-T Returns; for the next 5 days at Income Tax Office “Special counters have been opened at Chennai’s Income Tax Office in order to handle the last minute rush. These counters will function for the next five days starting August 27”. Special counters to file Income Tax returns already opened in … Read more