Wrong perception about NO Income Tax upto Rs 5 lakh to all tax payer, Income Tax is still payable @5% on Income upto Rs 5 lakh

02-02-2019

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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Calculator – Related to Tax
May 10, 2019

Tax Calculator - Income and Tax calculator Advance Tax Calculator Tax Calculator - -Medical Facility in India Tax Calculator -House rent allowance calculator Tax Calculator - Rent Free Accommodation Tax Calculator -Income from House Property Agent Commission  - Tax

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Income Tax Relief Under Section 89 Of Income Tax Act – Updated GConnect Calculator
May 10, 2019

Five 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

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Wrong perception about NO Income Tax upto Rs 5 lakh to all tax payer, Income Tax is still payable @5% on Income upto Rs 5 lakh
February 2, 2019

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

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Income Tax विभाग इस कंपनी के शेयर बेच कर की टैक्स की वसूली
November 26, 2018

आयकर 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

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Six income tax-saving investments under Section 80C
November 20, 2018

In 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

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All 7 ITR Forms Released For E-Filing: IT Dept
May 26, 2018

New 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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