Income Tax 2017-18 (Assessment Year 2018-19) – Income Tax Structure, Exemption and Deductions available to Personal Income Tax Payers
Income or Loss on House Property Calculation – From the Financial Year 2017-18 Section 24 of Income Tax Act allows only Rs. 2 lakh as Exempted income / Loss allowed to deducted from Income in respect of Interest paid on Housing Loan even in the case of House Property is rented out.
Simple One Page Income Tax Return – Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh.
Income Tax 2016-17 – Income not included under the Head Salaries – Exempted Income under Finance Act 2016
Income Tax 2016-17 – Deductions allowed from the Salary Income as per Finance Act 2016 – Eligible Deductions to Salaried Income under Chapter 16 and Chapter VI-A of Income Tax Act
Income Tax 2016-17 – Tax Calculation Method as per Section 192 of Income-Tax as per Finance Act, 2016
CBDT definition about Duties and Responsibilities of Tax Deducting Officers of Income-Tax as per Finance Act, 2016 – Ministry of Finance Circular
CBDT definition about computation of Income under the Salaries Head as per Income Tax Act. – Ministry of Finance Circular
CBDT definition for Tax Structure and rates of Income-Tax as per Finance Act, 2016 – Ministry of Finance Circular dated 02.01.2017
Revised Income Tax Exemption Calculator for Interest paid on Housing Loan – Income or Loss or House Property Calculation under Section 24 of the Income Tax Act. After enactment of Finance Act 2014, maximum housing loan interest amount (Interest on house property) which can be deducted from the income of a tax payer under Section […]
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 […]
Procedure for submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H
CBDT Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200
Committee was constituted by the Central Board of Direct Tax, to recommend standard definitions of certain commonly used terms relating to direct tax
Taxpayers can select to login with any one or multiple options of the higher security methods namely – using Aadhaar linkage to generate OTP, Login through Net-Banking or Login using Digital Signature Certificate (DSC)