Searched for
TAXABLE INCOME NOTIFICATIONS
ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...- Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
- Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...
- Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...
- India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
- Good news for salaried taxpayers: Limits for these two tax-free perquisites raised substantially in Finance Act, 2025Good news for salaried individuals. The Central Board of Direct Taxes (CBDT) has raised the income limits for tax-free perks. This change i...
- Final Cost Inflation Index for FY24 to be fixed at 348“This notification shall come into force with effect from the 1st day of April 2024 and shall, accordingly, apply in relation to the assess...
- Income tax payers barred from enrolling in Atal Pension Yojana from October 1An amendment has been made under the Atal Pension Yojana scheme which was originally notified on October 16, 2015. "Provided that from 1st ...
- EPF contributions exceeding Rs 2.5 lakh? You will now have two PF accountsThe Central Board of Direct Taxes (CBDT) on August 31, 2021, has notified the rules regarding the taxation of the interest on the excess EP...
- Govt introduces rules for calculating taxable interest on PF contributions beyond specified limitsTwo separate accounts within the PF account will have to be maintained during 2021-22, and onwards, for segregating the taxable and non-tax...
- CBDT notifies rules for tax deduction on non-salary payments to NRIsIn case of taxability, the amount which is liable to tax will be determined. In case of non-taxability, a certificate specifying the amount...
- You can save tax on up to Rs 17,000 savings account interest: Here's howPost office savings interest up to Rs 3,500 is exempt for single a/cs and up to Rs 7,000 for joint a/cs.
- Senior citizens with taxable income up to Rs 5 lakh can seek TDS exemption on bank interestSenior citizens (above 60 years of age) have to submit Form 15H to banks at the beginning of a financial year to ensure no tax is deducted ...
- CBDT simplifies procedure for filling 15G, 15H formsCBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically.
- Trade unions question TDS on PF withdrawals, want order on holdIn a notification issued yesterday, Employees' Provident Fund Organisation (EPFO) said it will deduct TDS from June 1 on PF withdrawals whe...
- CBDT panel for tax accounting norms for computing income of realty developersA high-level CBDT panel has suggested framing of tax accounting standards (TAS) for computing precise income of real estate developers.
- No filing of tax return for salary and interest income up to Rs 5 lakhUnder the scheme, the salaried person, has to disclose about the incomes like dividend and interest to his employer for tax deduction.
- Union Budget 2011: No filing of tax returns if salary is only incomeSalaried taxpayers who do not have other sources of income and whose incomes are subject to Tax Deduction at Source (TDS) will be excluded ...
- Celebrations cut short, extra 1% EPF interest to be taxedThe labour ministry has hiked the EPF rate to 9.5%, but a finance ministry notification says that anything in excess of 8.5% will be taxed.
- Go back to FDs, enjoy the tax sops5-year fixed deposits will get the same tax sops as PPF and NSC. Investment up to Rs 1 lakh to be exempted.
Load More
