Tag: Income Tax Exemption Limit

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Definition of Salary, Perquisite and Profit in lieu of Salary (Section 17): Income Tax on Salaries Circular No. 17/2014

5.2 DEFINITION OF “SALARY”, “PERQUISITE” AND “PROFIT IN LIEU OF SALARY” (SECTION 17): Click to view Part I Income Tax on Salaries - Ci [...]

Computation of Income Tax – Income Chargeable Under the Head Salaries: Income Tax on Salaries Circular 17/2014

5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES" 5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES": Click to view Part I Income T [...]

Arun Jaitley Against High Income Tax Rate to Raise Revenues

Arun Jaitley Against High Income Tax Rate to Raise Revenues By PTI NEW DELHI: Ahead of the budget, Finance Minister Arun Jaitley today said the NDA [...]

Parliamentary Standing Committee on finance calls for total overhaul of Income Tax exemptions

House panel calls for total overhaul of I-T exemptions: Financial Chronical News Concerned over ever increasing revenue foregone due to income tax ex [...]

IT exemption for differently abled persons

GOVERNMENT OF INDIA MINISTRY OF  FINANCE RAJYA SABHA QUESTION NO  1010 ANSWERED ON  02.12.2014 IT exemption for differently abled [...]

PFRDA will soon approach FM seeking tax exemption for withdrawals under the NPS

Pension regulator to pitch for tax break on NPS withdrawals Pension regulator PFRDA will soon approach Finance Ministry seeking tax exemption for w [...]

Negation of the promises – Granting Interim Relief/Merger of DA, LTC by Air and Exemption of Income Tax

Negation of the promises – Granting Interim Relief/Merger of DA, LTC by Air and Exemption of Income Tax Negation of the promises Top leaders of th [...]

Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act

Contribution made towards disaster relief for the affected people of Uttarakhand- 100% deduction u/s 80G of the Income Tax Act - IRSA's clarifactory [...]

General Budget 2014-15: Income Tax Provisions for Assessment Year 2015-16

PERSONAL INCOME-TAX EXEMPTION LIMIT RAISED BY RS. 50,000; INVESTMENT LIMIT UNDER SECTION 80C OF INCOME-TAX ACT RAISED TO RS. 1.5 LAKH. DEDUCTION L [...]

Salaried women to get higher income tax exemption in the Budget 2014

Salaried women to get higher income tax exemption in the Budget 2014 Sahara Samay News Good news for salaried women! Narendra Modi Government is con [...]
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