Income Tax

Tax Deduction at Source (TDS) guidelines on payments made to BSNL VRS 2019 Optees - TDS on ex-gratia, Leave Encashment, Form 16, Tax Exemption etc.

Finance Minister announced several relief measures relating to Income Tax, GST/Indirect Tax, Financial Affairs, Corporate Affairs, Statutory and Regulatory compliance matters across Sectors in view of…

If you find an omission or a wrong statement in the original ITR, make a correction by filing a revised income tax return in the e-filing portal

From linking PAN with Aadhaar to booking LTCG up to Rs 1 lakh on equity investments, there are some financial tasks you should complete within this deadline.

Frequently Asked Questions and Answers on Taxation of Salary Income by Income Tax Department

Corrigendum to Circular No. 4/2020 - Income Tax Deduction from Salaries during the Financial Year 2019-2020 under Section 192 of the Income-Tax Act, 1961

Income Tax functionalities under EIS have been developed at Employee Login for online submission of saving details for Income Tax Estimation/Calculation

Income-Tax (5th Amendment) Rules, 2020 - Rule 114AAA: Manner of making permanent account number (PAN) inoperative - Central Board of Direct Taxes

Two Sets of Income Tax Slabs introduced in the Budget 2020 - A Taxpayer has the option of choosing either new Income Tax Slab with minimum exemption or Old Tax slab with all applicable conditional…

Income Tax Deduction from Salaries during Financial Year 2019-20 under Section 192 of the Income-Tax Act, 1961 - IT Circular No. 4/2020

General Budget 2020 – NFIR’s proposals for consideration and inclusion in the Budget proposals to be presented before the Parliament during Budget presentation in February 2020

The Ministry of Finance recently notified Form 26QD for TDS Return and Form 16D for TDS Certificate under section 194M and 194N of the Income Tax Act.

If you find an omission or a wrong statement in the original ITR, make a correction by filing a revised income tax return in the e-filing portal

Tax Benefits of Education Loan on Foreign Studies Under Section 80E of the Income tax act - Check the Conditions for Claiming This Deduction

Section 80TTA: Income Tax Deduction of Rs 10,000 on interest income and Section 80TTB: Income Tax Deduction for Senior Citizens 

Income Tax Deduction for dependents with specified diseases under Section 80DDB and Check How to get a certificate for claiming deduction

Income Tax to be deducted from income for the financial year 2019-20 (Assessment Year 2020-21) as per Finance Act. 2019

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…

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,…

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…