Admissible Deductions from Income for Salaried Employees

Admissible Deductions under Chapter VI A and Section 16 of Income Tax Act 1961 Deductions from Salaries under Section 16 of Income Tax Act Entertainment Allowance [Section 16(ii)]: A deduction is  also  allowed under  section  16(ii)   in respect of any allowance in the nature of an entertainment    allowance   specifically    granted by an employer to the…

Income Not included under the Head Salaries for computing Income Tax

Income Not included under the Head Salaries for computing Income Tax under Section 192 of the Income Tax Act 1961 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax Calculator 2014-15 Any income falling within any of the following clauses shall not be included…

Perquisites covered under Income Tax Act

Perquisites covered under Income Tax Act – Circular 17/2014 dated 10.12.2014 Want to Calculate your Income Tax for the year 2014-15 (A.Year 2015-16) ? Click here to reach GConnect Income Tax Calculator 2014-15 Perquisites includes: I.         The value of rent free accommodation provided to the employee by his employer; II.        The value of any concession…

Income Tax Deduction from Salaries during FY 2014-15

Income Tax Deduction from Salaries during FY 2014-15

Income Tax Deduction from Salaries during FY 2014-15 under Section 192 of Income Tax 1961 – Circular No: 17 / 2014 issued by Income Tax Departmant Income Tax Department has issued Circular No: 17/2014 dated 10.12.2014 for Income Tax Deduction from Salaries during the Financial Year 2014-15 (Assessment Year 2015-16) under Section 192 of Income…

Alteration of date of birth of Government Employees – Instructions

Alteration of date of birth of Government Employees – Instructions issued by DOPT F.No.19017/1/2014-Estt (A-IV) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training North Block, New Delhi-110 001 Dated : 16th December, 2014 OFFICE MEMORANDUM Subject : Alteration of date of birth of a Government Servant — reiteration of the instructions. Rule 56 of…

Reservation Policy for SC and ST Employees in promotion

Reservation Policy for SC and ST Employees in promotion – Latest position discussed in Parliament Press Information Bureau Government of India Ministry of Personnel, Public Grievances & Pensions 17-December-2014 17:09 IST Changes in Reservation Policy The policy of reservation to Scheduled Castes and Scheduled Tribes in services under the Government of India is administered through various executive instructions issued from…

Rates of Night Duty Allowance with effect from 01.07.2014

Rates of Night Duty Allowance with effect from 01.07.2014 for Continuous Intensive Excluded categories and Essentially Intermittent categories. GOVERNMENT OF INDIA MINISTRY OF RAILWAYS RAILWAY BOARD RBE NO.133/2014 NO.E(P&A) II – 2014/HW-1 New Delhi, dated 02-12-2014 The General Manages/CAOs, All Indian Railways & Prod. Units etc. (As per mailing lists No.I & II). Subject: Rates of Night Duty Allowance w.e.f. 01.07.2014. Consequent to sanction…

GPRA to provide Aadhar Number to Directorate of Estate

GPRA (General Pool Residential Accommodation allotees) to provide Aadhar Numbers to Directorate of Estates No.12035/11/2013-Pol.ll Government of India Ministry of Urban Development Directorate of Estates Nirman Bhavan, New Delhi-110 108 Dated the 2nd December,2014 OFFICE MEMORANDUM Sub: Request to all existing allottees and new applicants for General Pool Residential Accommodation for providing Aadhar [UID] numbers…