Category: Income Tax

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees

| November 15, 2016

Income Tax 2016-17 (A.Year 2017-18) Rate, Exemptions, Deductions and Rebate for Salaried Employees under Section 10, Section 24, Section 89(1), Chapter VIA, and Section 87A Income Tax Rate 2016-17 TAXABLEINCOME RANGE RATE OF INCOME TAX Up to RS.2,50,000 NIL Rs.2,50,001 to Rs.5,00,000 10% of the amount by which the income exceeds Rs.2,50,000 Rs.5,00,001 to Rs.10,00,000 […]

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Complete guide on when you can claim House Rent Allowance for Income Tax

| September 25, 2016

हाउस रेंट अलाउंस: कब आप कर सकते हैं क्लेम और कब नहीं आप में से अधिकतर लोग जानते हैं कि अगर आप किसी किराए के घर में रह रहे हैं तो आपकी कंपनी हाउस रेंट अलाउंस (HRA) को आपकी सैलरी में से काट के दे रही होगी। आप हाउस रेंट अलाउंस को क्लेम भी कर […]

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Income Tax notices can be replied back online now

| September 12, 2016

Income Tax notices can be replied back online now, Please read this news paper report published in Hindi News Paper Hindustan :– Click image below for larger view:-

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7th Pay Commission – Railway Board has issued orders on deduction of Income Tax on Arrears

| August 17, 2016

7th Pay Commission – Railway Board has issued orders on deduction of Income Tax on Arrears, Instruction given to CRIS,Railway Board orders to CRIS:-

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7th Pay Commission – Arrears Soon, How To Claim Tax Relief on arrears

| August 2, 2016

In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016. Suppose an employee’s annual salary is Rs 9.50 lakh and receives Rs 1 […]

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Online Income tax return made easy by Taxman, use app or website

| July 20, 2016

Online Income tax return made easy by Taxman, use app or website, Please read this news paper report published in Hindi Daily :- click image below for larger view:-

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All ITRs activated for e-filing: I-T Dept

| April 17, 2016

NEW DELHI: E-filing of income tax return for all category of filers for the assessment year 2016-17 has been operationalised. “All ITRs including ITR 6 and ITR 7 for AY 2016-17 are available for e-Filing,” the Income Tax Department said. The different category of ITRs were operationalised in a phased manner starting April 2. The […]

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New Software For Filing Digitally Signed I-T Returns

| January 26, 2016

 New Software For Filing Digitally Signed I-T Returns Taxpayers had recently reported that they faced issues in using the Digital Signature Certificate at the time of uploading their Income Tax Returns. “This is because the latest browser versions have started disabling the standard way in which they support plug-in functions to address security,” the Central […]

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Budget 2016-17 – Government may increase tax exemption by Rs 50000

| January 1, 2016

Budget 2016-17 – Government may increase tax exemption by Rs 50000 Budget 2016-17 – Government may increase tax exemption by Rs 50000, Please read this news paper report published in Hindi Daily Sahara:- Click image below for larger view:-

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Online Income tax filing made easy by IT department

| December 18, 2015

Thanks to the rapid digitization of the whole process, the Income Tax Department has now launched the ‘e-Sahyog’ project, which does away with the need for the tax payer to physically appear before tax authorities unless there is a serious tax evasion case which requires physical scrutiny. From a modest figure of just 3.62 lakh […]

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