ITR
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403Your queries: Income Tax – Show PPF, gratuity proceeds in ITR
In the hands of government employees, gratuity and PF receipts on retirement are exempt from tax. * On retirement, I will get...
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517Income Tax: What happens if employee fails to pick between new and old tax regime? CBDT notification instructs employers how to deduct tax in such cases
Income Tax, Default Tax Regime: Employers will have to take ascent from their employees regarding their choice to opt for new tax regime...
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305Man Earning Rs 53,000 Per Month Gets I-T Demand Notice Of Rs 113 Cr
Gupta said that though the investigation is on by EoW, income tax department has again last week issued a demand notice, leaving...
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457Income Tax on pension: Here’s what you need to know before filing IT Return
Retired individuals who receive pension must file their Income Tax Returns (ITR) as their pension is taxed as income from salary by...
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1.8KYou May Receive Income Tax Notice For These Reasons; Check Details
If your total earnings in a financial year fall under taxable income, then it is necessary to file ITR You should promptly...
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599TDS On Salary: Employers Need To Ask Employees Which Regime They Want To Opt, Says I-T Dept
If intimation is not made by the employee, it shall be presumed that the employee continues to be in the default new...
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407TDS On Salary? IT Dept Says Employers Should First Ask
Individual taxpayers have the option to select whether they want to be in the old tax regime, which provides for exemptions and...
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514
Income tax returns: Choosing the right ITR form, eligibility, and filing requirements
Direct taxation, as we know it today, has been there in India since ancient times. An income tax return is a form...
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359Salaried employee? TDS to be deducted at New Tax Regime rates if you don’t opt out, says CBDT
CBDT clarification on TDS deduction for salaried employees: If an employee doesn’t intimate his/her choice of tax regime then employer can deduct...
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463Income Tax On Lottery Money: If You Win, How Much Tax Govt Will Deduct?
The provisions governing the Income-tax are covered in the Income-tax Act, 1961. In India, prize money and lottery winnings are subject to...
