Category: INCOME TAX
This year too, no tax returns for salaries up to Rs 5 lakh including 10 thousand bank interest limit
Feb 20:
Millions of salaried taxpayers will continue to enjoy a procedural relief of not having to file their income-tax returns even for the curren [...]
Tax exemption may rise to Rs 1.5 lakh
Finance minister Pranab Mukherjee is likely to increase the income tax exemption limit on individual savings from R1 lakh at present by up to R50,000 [...]
Income Tax Exemption Limit may be increased upto 3 Lakh on Home Loan Interest
As per IBN Live:
In a bid to boost housing sector credit, the government is contemplating enhancing income tax exemption for up to Rs 3 lakh pa [...]
Restructuring of Income Tax Department
INCOME TAX EMPLOYEES FEDERATION MUMBAI CIRCLE
R.No.40 Aayakar Bhavan, M.K. Road, Mumbai-400020.
CADRE RESTRUCTURING PROPOSAL
The DOPT has at l [...]
Budget 2012 likely to increase income tax exemption limit to Rs 2 lakh
New Delhi, Feb 6:
The government is likely to provide some relief to individual income tax payers in the forthcoming Budget by raising the exe [...]
Gratuity limit up to Rs 10 lakh for Income Tax
In a major relief to salaried class in the private sector, the government on Thursday cleared a proposal to raise the Income Tax (I-T) c [...]
Indian Railway Finance Corporation Limited Offers Tax Free Bonds Tranche-I
Ministry of Railways
Indian
Railway Finance Corporation Limited Offers
Tax
Free Bonds Tranche-I to Raise upto Rs. 6,300 Crore
Public
Issue [...]
House Rent Allowance – Income Tax Provisions
Drawing house rent allowance upto Rs.3000/- per month will be exempted from production of rent receipt
Annual rent paid by the employee exceeds Rs 1 [...]
Income not exceeding Rs. 5 lakhs from salary or pension – not required to file IT Returns: Notification No. 36/2011
Income not exceeding Rs. 5 lakhs from salary or pension - not required to file IT Returns: Notification No. 36/2011. Govt. has exempted the followin [...]