Tag: Income Tax Exemption Limit

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Mutual Fund/ Dividend/ Bonus: Additional income-tax on distributed Income under section 115R of the Income-tax Act

Mutual Fund/Dividend/Bonus:  Clarification regarding scope of additional income-tax on distributed Income under section 115R of the Income-tax A [...]

Amendment in Income Tax Act at a Glance: Explanatory notes to the Provisions of the Finance Act, 2013

CIRCULAR NO.03/2014 F. No. 142/24/2013-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) * [...]

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscribers…

Save Income Tax on the Contribution made by Government in pension fund of NPS Subscriber, Refer 5.5.3 Deduction in respect of contribution to pension [...]

New house rent allowance exemption rule: How it will affect you

New house rent allowance exemption rule: How it will affect you: ZeeNews The Central Board of Direct Taxes has now made it mandatory for employees t [...]

Computation of Income under the Head Salaries – Income Chargeable, Exemptions, Deductions u/s 16 & Chapter VI-A: IT Circular 8/2013 Part 5

5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES" 5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES": (1) The following income shall be chargeabl [...]

Cabinet likely to consider Direct Taxes Code Bill

Cabinet likely to consider Direct Taxes Code Bill tomorrow: Economic Times NEW DELHI: The Cabinet is likely to consider tomorrow the Direct Taxes C [...]

Tax relief on treatment of serious diseases u/s 80DDB

GOVERNMENT OF INDIA MINISTRY OF  HEALTH AND FAMILY WELFARE RAJYA SABHA UNSTARRED QUESTION NO-883 ANSWERED ON-13.08.2013 Tax relief on treatm [...]

Don’t impose income tax on DA, Merge 50% of DA into Basic Pay/Pension: NMC

Don't impose income tax on DA, govt urged Hindustan Times  JAMMU, July 07, 2013 National Mazdoor Conference (NMC) president Subash Shastri has [...]

Income Tax Exemption for children School fees, education loan and health costs

Some of the deductions claim for investments made in children's names. Most of these deductions fall within the investment limit of Rs 1 lakh, under [...]

Donations to Kashi Vishwanath temple will now get 100 per cent tax exemptions

Donations to the famous Kashi Vishwanath temple in Varanasi would now get 100 percent income tax exemption, an official spokesperson of the state go [...]
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