Simple one- page Income Tax Return form – FM “A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income.” “Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. Therefore, post-de … [Read more...]
I Tax
I Tax
Extension of date of filing of Income Tax Return throughout India – CBDT
Extension of date of filing of Income Tax Return throughout India – CBDT Press Information Bureau Government of India Ministry of Finance 29-July-2016 20:47 IST CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016 As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes e … [Read more...]
New form to claim tax rebate on LTA, HRA
New form to claim tax rebate on LTA, HRA NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest paid on home loans. Taxpayers will have to furnish to their employers proof of travel in Form 12BB for claiming LTALTC benefits. … [Read more...]
Tax benefit available under National Pension System (NPS) – AIRF
Tax benefit available under National Pension System (NPS) – AIRF GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) RBE No. 31/2016 No 2012/F(E)III/1(1)/4 Dated: 07.04.2016 The GMs/FA&CAOs, All Indian Railways/Production Units/RDSO. (As per mailing list) Subject: Tax benefit available under National Pension System (NPS) A c … [Read more...]
Income Tax benefit available under National Pension System – PFRDA
Income Tax benefit available under National Pension System – PFRDA Tax benefit available under National Pension System (NPS) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B- 14/A, Chhatrapati shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016 Phone: 011-26517503 Fax:011 – 26517507 Website: www.pfrda.org.in PFRDA/23/CORP/20/5 25th Febru … [Read more...]
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