Deduction of Income tax at source for 2019-2020
Income Tax to be deducted from income for the financial year 2019-20 (Assessment Year 2020-21) as per Finance Act. 2019
Income Tax Calculator 2019-20 – With Save Option and Instant Version
GConnect Income Tax Calculator 2019-20 (Assessment Year 2020-21) for Central Government Employees – Choose Save Option or Instant Version and Estimate Income Tax to be paid on your salary income and plan for Tax Savings at ease.
Income Tax 2019-20 – Form 12BB – Salaried Employees to submit details of savings, housing loan, deductions to employer
Download Form 12BB as a Word, Excel or PDF file- All Employees to file Declaration under Form 12BB to claim deduction for savings under Section 80 C, payment of house loan interest under Section 24, and HRA exemption under Section 10
Aadhaar card holders may be fined Rs. 10,000 for each mistake as per new income tax rules
New Income Tax Rules – Aadhaar in lieu of PAN and Giving a false Aadhaar number may be fined Rs. 10,000 for each mistake NEW DELHI : For the convenience of taxpayers, the income tax department has now allowed Aadhaar card holders to use the 12-digit biometric id number in lieu of the Permanent Account…
Income Tax Return 2018-19 due date extended for taxpayers in Jammu and Kashmir
Extension of due date for filing of Income tax Returns/Tax Audit Reports to 30th November, 2019 in respect of all categories of income-tax assessees in the Union Territory of Jammu and Kashmir and Union Territory of Ladakh
Income Tax Exemption on Interest Paid on Housing Loan up to Rs. 3.5 Lakh
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.
Income Tax new PAN Application requires only Aadhaar now – Amendment in Section 114
Amendment in Section 114 w.e.f. 01.09.2019 – Income Tax – Aadhaar in lieu of PAN is auto applied for PAN and Aadhar is sufficient document for New PAN Application
ITR 2018-19 – Last Date for Income Tax Return 2018-19 Extended to 31st August 2019
Last date filing Income Tax Return 2018-19 (Financial Year) (AY 2019-20) has been extended to 31st August 2019 from 31st July 2019
NC Staff Side Demand – Exemption from payment of income tax to Pensioners
NC Staff Side Demand – Exemption from payment of income tax to Pensioners EXEMPTION FROM PAYMENT OF INCOME TAX TO PENSIONERS WHO HAVE ATTAINED AGE OF 80 YEARS OR MORE Pension or Family Pension taxed as salary income? Yes, Pension is taxable as salary income. And Family Pension is taxable as income from other sources….
Procedure for online filing eTDS/TCS statement through e-filing portal or submission at TIN Facilitation Centres
Procedure for online filing eTDS/TCS statement through e-filing portal or submission at TIN Facilitation Centres – CBDT Notification
Last date of issue of Form 16 and Form 24Q for FY 2018-19 extended
Extension of the due date of filing of TDS statement in Form 24Q for FY 2018-19 upto 30th of June, 2019 and issue of TDS certificate in Form 16 upto 10th of July, 2019
Procedure, format and standards for issuance of TDS certificate in Part B of Form 16 through TRACES
Procedure, format and standards for issuance of certificate for tax deducted at source in Part B of Form No. 16 through TRACES – Income Tax Notification 09/2019