Income Tax (3rd Amendment) Rules, 2019 -Notification

Income Tax (3rd Amendment) Rules, 2019 -Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 12th April, 2019 G.S.R. 304(E).-In exercise of powers conferred by sections 200 and 203 read with section 295 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following … Read more

20 Lakh for Gratuity(Income Tax) w.e.f. 29.03.2018 – Gazzette Notification

20 Lakh for Gratuity(Income Tax) w.e.f. 29.03.2018 – Gazzette Notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 8th March, 2019(Income-tax) S.O. 1213(E). – In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession of Ministry … Read more

Income-Tax Deduction from Salaries during the Financial Year 2018-19

Income-Tax Deduction from Salaries during the Financial Year 2018-19 CIRCULAR NO : 01 /2019 F.No. 275/192/2018-IT(B) Government of India Ministry  of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated the 1st January, 2019 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2018-19 UNDER SECTION 192 OF THE … Read more

Due date for filing of Income Tax Returns for taxpayers in Kerala – PIB

Due date for filing of Income Tax Returns for taxpayers in Kerala – PIB Press Information Bureau  Government of India Ministry of Finance 28-August-2018 Extension of date for filing of Income Tax Returns for taxpayers in Kerala  In view of the disruption caused due to severe floods in Kerala, the Central Board of Direct Taxes (CBDT) … Read more

Income Tax Calculation of House Rent Allowance U/S 10 (13A)

Income Tax Calculation of House Rent Allowance U/S 10 (13A) For Assessment Year 2018-19 Illustrative calculation of House Rent Allowance U/s 10 (13A) in respect of residential accommodation situated in Delhi in case of an  employee below the age of sixty years (With valid PAN furnished to employer). S.No. Particulars Rupees 1 Salary 3,50,000 2 … Read more