Announcements from Finance Ministry – Regarding Taxation and other Laws Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across […]
CG employees need to file Income Tax Return for the month of November 2019 to February 2020
CG employees need to file Income Tax Return for the month of November 2019 to February 2020 Deduction as per Income Tax Rules As per the Income Tax rules, no tax for the annual earning less than Rs. 2,50,000. All Central Government employees need to file Income Tax Return (ITR) on their income (as on date, the minimum salary […]
Income Tax Rule 114 for Applying PAN card 1.9.2019
Income Tax Rule 114 for Applying PAN card 1.9.2019 Getting PAN Card is now very easy with Aadhaar Card. If any one has Aadhaar Card, he can get PAN Card Number without submitting any additional documents. An important amendment made in the Income Tax Rule 114 with effect from 1.9.2019. As per the notification issued […]
Income Tax Due Date Extended to all Taxpayers from July to August 2019
Income Tax Due Date Extended to all Taxpayers from July to August 2019 Income Tax Due Date Extended to all Taxpayers from 31st July to 31st August 2019 The last date for filing Income Tax returns for AY 2019-20 is 31.08.2019. Filing Income Tax returns from 31st July, 2019 to 31st August, 2019 in cases […]
EXEMPTION FROM PAYMENT OF INCOME TAX TO PENSIONERS WHO HAVE ATTAINED AGE OF 80 YEARS OR MORE
EXEMPTION FROM PAYMENT OF INCOME TAX TO PENSIONERS WHO HAVE ATTAINED AGE OF 80 YEARS OR MORE Pension or Family Pension taxed as salary income? Yes, Pension is taxable as salary income. And Family Pension is taxable as income from other sources. National Council Staff Side members raised a point in the NC JCM meeting […]
Union Budget 2020
Union Budget 2020 “Those having annual income upto Rs. 5 lakh are not required to pay any income tax” Tax rates for individuals having taxable income from Rs. 2 cr – 5 cr and Rs. 5 cr & above to be increased by around 3 % and 7 % respectively Direct Tax revenue increases by […]
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