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 TAXABLE INCOME 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 […]
The ministry’s response came in the form of a reply to an appeal before the Central Information Commission (CIC) filed on August 17 by RTI activist Subhash Chandra Agrawal.
Procedure for submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H
NPS (National Pension System) and EPF (Employee Provident Fund) are retirement benefit schemes applicable for salaried employees. NPS is applicable for Central Government Employees who joined in the service on or after 1st January 2004 and private employees. Early withdrawals in EPF has been restricted with effect from 10th February 2016 at par with NPS
These demands were raised under a 15-point charter submitted by 11 central trade unions to Finance Minister Arun Jaitley during pre-Budget consultations held here. The Union Budget for the next financial year, 2016-17, is slated to be presented in Parliament in February end. It will take effect from April 1.