Tag: Income Tax Exemption Limit
NMC urges FM to raise IT exemption limit to Rs 5 lakh, exclude DA from IT calculation, Merge DA in Basic Pay & Pension etc.
JAMMU: The National Mazdoor Conference today asked Union Finance Minister Arun Jaitley to raise the income tax exemption limit to Rs 5 lakh.
"We urg [...]
Budget 2015: Income tax expectations for the salaried from PM Narendra Modi’s government
Budget 2015: Income tax expectations for the salaried from PM Narendra Modi's government
The Narendra Modi government is all set to present its s [...]
3-year bank FDs may get tax exemption
3-year bank FDs may get tax exemption: Economic Times
The government may consider the demand of banks to make fixed deposits for three years and mor [...]
What not to do for tax exemptions, deductions to stay
What not to do for tax exemptions, deductions to stay: Financial Express
The Income tax Act, 1961 (the Act), provides for certain deductions [...]
Incomes not included under the Head Salaries (Exemptions) – Income Tax on Salaries Circular 17/2014
5.3 INCOMES NOT INCLUDED UNDER THE HEAD "SALARIES" (EXEMPTIONS)
Any income falling within any of the following clauses shall not be included in compu [...]
Deduction u/s 16, Chapter VI-A : Income Tax on Salaries Circular No. 17/2014
Deduction u/s 16, Chapter VI-A(80-C, 80CCC, 80CCD, 80CCG, 80D, 80DD, 80U, 80DDB, 80E, 80EE, 80GG, 80GGA, 80TTA) & 87A: Income Tax on Salaries Cir [...]
Definition of Salary, Perquisite and Profit in lieu of Salary (Section 17): Income Tax on Salaries Circular No. 17/2014
5.2 DEFINITION OF “SALARY”, “PERQUISITE” AND “PROFIT IN LIEU OF SALARY” (SECTION 17):
Click to view Part I
Income Tax on Salaries - Ci [...]
Computation of Income Tax – Income Chargeable Under the Head Salaries: Income Tax on Salaries Circular 17/2014
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
Click to view Part I
Income T [...]
Arun Jaitley Against High Income Tax Rate to Raise Revenues
Arun Jaitley Against High Income Tax Rate to Raise Revenues
By PTI
NEW DELHI: Ahead of the budget, Finance Minister Arun Jaitley today said the NDA [...]
Parliamentary Standing Committee on finance calls for total overhaul of Income Tax exemptions
House panel calls for total overhaul of I-T exemptions: Financial Chronical News
Concerned over ever increasing revenue foregone due to income tax ex [...]