Category: INCOME TAX
Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers…
Save Income Tax on the Contribution made by Government in pension fund of NPS Subscriber, Refer 5.5.3 Deduction in respect of contribution to pension [...]
IT Section 194-I – TDS on Rent – Clarification regarding TDS on Service Tax Component
SECTION 194-I OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE -
RENT – CLARIFICATION REGARDING TDS UNDER CHAPTER XVII-B ON SERVICE TAX
COM [...]
Nine reasons for getting an income tax notice
The Income Tax Department has launched a drive to ensure greater tax compliance. In recent months, thousands of taxpayers have been served notices af [...]
New house rent allowance exemption rule: How it will affect you
New house rent allowance exemption rule: How it will affect you: ZeeNews
The Central Board of Direct Taxes has now made it mandatory for employees t [...]
Submission of Income Details & proof of savings for income tax financial year 13-14: CPCB Order
Central Pollution Control Board, New Delhi
File No. AC-101/05/VG/2013-14/
September 24, 2013
CIRCULAR
Subject: Income details & proof of sa [...]
Computation of Income under the Head Salaries – Income Chargeable, Exemptions, Deductions u/s 16 & Chapter VI-A: IT Circular 8/2013 Part 5
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
(1) The following income shall be chargeabl [...]
TDS Return – Person Responsible Tax Deduction and their Duties: Income Tax on Salaries : IT Circular 8/2013 Part 4
4. PERSONS RESPONSIBLE FOR DEDUCTING TAX AND THEIR DUTIES:
4.1. As per section 204(i) of the Act, the "persons responsible for paying" for the pu [...]
Method of Tax Calculation – Broad Scheme of Tax Deduction at Source from Salaries : IT Circular 08/2013 Part 3
3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF
TAX DEDUCTION AT SOURCE FROM "SALARIES":
3.1 Method of Tax Calculation:
Every per [...]
Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I
CIRCULAR NO : 08 /2013
F.No. 275/192/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New [...]
Rates of Income-Tax on Salaries for AY 2014-2015 FY 2013-2014: IT Circular 08/2013 Part-2
2. RATES OF INCOME-TAX AS
PER FINANCE ACT, 2013:
As per the Finance Act,
2013, income-tax is required to be deducted under Section 192 of the Act [...]