Rationalisation of Income Tax Slabs: Rajya Sabha QA GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA UNSTARRED QUESTION NO. 1524 TO BE ANSWERED ON TUESDAY, MARCH 15, 2022/ PHALGUNA 24, 1943 (SAKA) RATIONALISATION OF INCOME TAX SLABS 1524. SHRI G. C. CHANDRASHEKHAR. Will the Minister of FINANCE be pleased to state: (a)…
Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Government Employees Taxpayers can file updated Income Tax return within two years TAX RELIEF TO PERSONS WITH DISABILITY TAX DEDUCTION LIMIT ON EMPLOYER’S CONTRIBUTION TO NPS ACCOUNT OF STATE GOVERNMENT EMPLOYEES INCREASED TO 14% FROM 10% INCOME FROM VIRTUAL…
Guidelines under clause (10D) section 10 of the Income-tax Act, 1961 – Exemption on the sum received under a life insurance policy Circular No. 2 of 2022 F. No.370142 /61/2021-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** Dated: 19th January, 2022 Sub: Guidelines under clause (10D) section…
Submission of Income Tax Savings Documents for the Financial Year 2021-2022, Format of Self Declaration and House Rent Receipt: DAD
Income Tax 2020-21 (FY) Assessment Year 2021-22 – Income eligible for Tax benefit and Deductions allowed in the Gross Total Income
Income Tax 2021-22: Tax Rates, Option for Tax Regime, Format for Declaration (old tax regime) – IT Circular dated 30.09.2021
Furnishing of evidence of claims by employee for deduction of tax under section 192 for the FY 2021-22 and AY 2022-23: Rent Receipt, Form 12BB & Statement of Income from House Property
Deduction of Income Tax at Source for the AY 2022-23: Exercise of option
Furnishing of declaration and evidence of claims by specified senior citizen under section 194P, Form No. 12BBA, Form No. 16 & Form No. 24Q: Income-tax (26th Amendment) Rules, 2021
Calculation of taxable interest relating to contribution in a provident fund: Income-tax (25th Amendment) Rules, 2021 w.e.f. 1st day of April, 2022
New Income -Tax Rule 130 regarding Omission of certain rules, Forms & savings and Rule 131 Electronic furnishing of Forms, Returns, Statements, Reports, orders etc
Income-tax exemption to the amount received by a taxpayer for medical treatment from an employer or from any person for treatment of COVID-19: Rajya Sabha QA