Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax

Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax

Treatment of Income from Different Sources AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 Treatment of Income from Different Sources I. Income under the head Salaries 1.1 Salary is defined to include: a) Wages b) Annuity c) Pension d) Gratuity e) Fees, Commission, Perquisites, Profits in lieu of or in…

List of benefits available to Salaried Persons for the AY 2023-24 under Income Tax

List of benefits available to Salaried Persons for the AY 2023-24 under Income Tax

List of benefits available to Salaried Persons for the AY 2023-24 (FY 2022-23) under Income Tax as amended by Finance Act, 2022 List of benefits available to Salaried Persons* [AY 2023-24] S.N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received…

Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Govt Employees

Budget 2022-23: Tax deduction limit increased to 14% on Employer’s contribution to NPS account of State Govt Employees

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

Guidelines under clause (10D) section 10 of the Income-tax Act, 1961

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…