CBDT has simplified the format and procedure for self declaration of Form No.15G or 15H. The procedure for submission of the Forms by the deductor has also been simplified
Postal department will accept Passport. Aadhar card and PAN card as a valid document for age proof of girl child for opening of Sukanya Samriddhi Account – Notification issued
With the available common exemptions and deductions that are applicable to a Salaried Employee, Gross Total Income of up to Rs.6,94,200/- can be income tax free
As Drawing and Disbursal Officers (DDO) responsible for deduction of income tax from the salaried employees need to prepare for deduction and payment of income tax from the end of November of a financial year, all salaried employees have to declare Savings, income or loss on house property and other income to their DDO before end of November in every financial year.