Finance Minister while presenting the Budget speech has clearly stated that there will not be any Income Tax to the on Income up to Rs 5 lakh, but when Finance Bills came on the records it clear the myth spread on the news media and other websites. As per the Clause 8 of the Bill seeks to amend section 87A of the Income-tax Act to provide relief to the individual taxpayers by increasing the maximum amount of tax rebate to twelve thousand five hundred rupees from existing two thousand five hundred rupees. The tax rebate shall now be admissible to taxpayers having total income up to five hundred thousand rupees, instead of existing three hundred fifty thousand rupees. No
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Read MoreFive Simple Steps to use GConnect Income Tax Relief Calculator: 1. Divide the Arrears amount you have received in the year 2017-18 in to parts and enter those in IT Relief Calculator in the relevant years in which those were actually due. This division of Arrears in to parts can be easily made by calculating the year wise total of the arrears
Read MoreFinance Minister while presenting the Budget speech has clearly stated that there will not be any Income Tax to the on Income up to Rs 5 lakh, but when Finance Bills came on the records it clear the myth spread on the news media and other websites. As per the Clause 8 of the Bill seeks to amend section 87A of the Income-tax Act to
Read Moreआयकर विभाग ने पिछली तिथि से लगाये गये कर के तहत केयर्न एनर्जी से 10,247 करोड़ रुपये के बकाये के एक हिस्से की वसूली के लिए केयर्न एनर्जी
Read MoreIn a few months time, the accounts department of your organisation will seek proof of your income-tax saving investments under Section 80C and other deductions. PPF (public provident fund), ULIP (Unit Linked Insurance Plan), ELSS mutual funds (Equity Linked Savings Schemes), National Savings Certificate (NSC), 5-year bank fixed deposits (FDs) and
Read MoreNew Delhi: The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified. “All ITRs for AY 2018-19 are now available for e-filing,” the department said in a statement.The Central Board of Direct Taxes had notified the new Income Tax Return
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