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Income Tax 2018-19 – How various income earned by Salaried Employees treated under Income Tax ?

Sep 18, 2018

Income Tax 2018-19 - How Salary Income such as Salary, Gratuity, Leave Encashment, and allowances such as children education allowance, transport allowance, etc are treated under Income Tax provisions…

Income Tax 2018-19 – Changes for Salaried Employees and Pensioners

Sep 16, 2018

Income Tax 2018-19 - Exemptions withdrawn and allowed for Salary income during the financial year 2018-19 (Assessment Year 2019-10) - Changes for Salaried Employees and Pensioners

Last Date for filing Income Tax Return has been extended till 15th September 2018 in Kerala

Aug 29, 2018

Last Date for filing Income Tax Return has been extended till 15th September 2018 in Kerala Press Information Bureau Government of India Ministry of Finance 28-August-2018 19:00 IST Extension of…

Revision of monetary limits for filing of appeals by the CBDT

Jul 24, 2018

Revision of monetary limits for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/ appeals before Supreme Court.

No extension of due date for Income Tax Return 2017-18

Jul 23, 2018

No extension of due date for Income Tax Return 2017-18 (Assessment Year 2018-19) - CBDT Circular confirms that news on extension of due date for filing Income Tax Return is a rumour

Deduction of TDS in respect of Senior Citizens who have Invested in SCSS

Jul 19, 2018

Deduction of Tax Deducted at Source (TDS) in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme (SCSS)

Linking Of PAN With Aadhaar While Filing Of ITRs – CBDT’s Order

Jul 16, 2018

CBDT’s order regarding linking of PAN with Aadhaar while filing of ITRs - Order under Section 119 of the Income-tax Act, 1961

Income Tax Department releases all seven ITR forms for e-filing

May 28, 2018

The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified.

Income Tax: Get tax exemption of Rs 10,000 on savings bank account interest income

May 16, 2018

Q1. I have salary income, interest from saving bank account and dividends from equity funds. For interest from bank accounts, do I have to submit proof to claim deduction under Section 80TTA? Do I…

Income Tax 2018-19 – Rates, Exemption, Deduction, TDS, and Advance Tax

May 8, 2018

Income Tax 2018-19 - Income Tax Rates, Relief, Exempted Income, Deduction, TDS & Advance Tax: INCOME TAX AY 2019-20

Income Tax – List of benefits available to Salaried Persons for Assessment Year 2018-19

May 4, 2018

List of benefits available to Salaried Persons for the Assessment year - Financial Year 2017-18 - Particulars of Income Tax benefits listed below

How to fill the new details required in ITR-1

Apr 28, 2018

The tax department has uploaded the new income tax return (ITR) Form1 or Sahaj for the financial year 2017-18 on its e-filing website. This is the form that is used by most of the salaried class to…

Tax benefits on education loan and fees; here’s all you need to know

Apr 28, 2018

A person can avail tax benefit in respect of interest paid for a loan taken for the purpose of higher education of certain relatives under Section 80E.

New Income Tax Return (ITR) Forms Released, Tax Slabs For FY 2017-18

Apr 10, 2018

The income tax department recently notified income tax return (ITR) forms for the financial year 2017-18 (assessment year 2018-19). A one-page simplified ITR Form-1 (Sahaj) has been notified.

Income Tax Standard Deduction of Rs. 40,000 applicable to Pensioners – Clarification

Apr 10, 2018

Income Tax Standard Deduction of Rs. 40,000 applicable to Pensioners - Clarification regarding applicability of standard deduction of Rs.40,000 to pension received from the former employer – Ministry…

How section 80G can help you save income tax

Apr 9, 2018

Section 80G of the income tax Act allows donations made to prescribed funds and institutions as a deduction from gross total income before arriving at taxable income.

ITR Forms for the financial year 2017-18 (A.Y 2018-19) notified

Apr 6, 2018

ITR Forms for the financial year 2017-18 (A.Y 2018-19) notified - ITR-1 one page return simplified further - All ITR Forms are to be filed online except for the income up to Rs. 5 lakh or PAN holder…

Income Tax alert! Top 3 tasks you need to do by March 31

Mar 27, 2018

As per Section 139(1) of the Income Tax Act, the due date for filing income tax return (ITR) is July 31 of every assessment year for individual / Hindu Undivided Family.

5 income tax changes which will come into effect from April 1, 2018

Mar 17, 2018

In the budget 2018 speech, Arun Jaitley introduced various tax changes which will come into effect from April 1 this year.

Income Tax Relief under Section 89 of Income Tax Act – Updated GConnect Calculator

Feb 15, 2018

Income Tax Relief under Section 89 of Income Tax Act - Income Tax Relief under Section 89 of Income Tax Act - GConnect Calculator to determine IT Relief for Arrears of Income from Salary received in…

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