Benefit from the Income Tax sops announced by the Government..?In the 2014-15 Budget that was presented recently, it was announced that the income tax exemption slab will be being raised from Rs. 2 lakhs per annum to Rs. 2.5 lakhs.On July 10, during the parliamentary session, while presenting the budget for the year 2014-15, Finance Minister Arun Jaitley announced that the … [Read more...] about Benefit from the Income Tax sops announced by the Government..?
100% Deduction for Uttarakhand Relief Fund U/S 80GAs we all know, Uttarakhand, the land of the Gods, was devastated by a massive and furious flood in 2013. Almost a year has passed by but still the fear and grief caused by the incident is very fresh. We request you to help the people of Uttarakhand by sending generous relief funds. We extend our heartfelt sympathies for … [Read more...] about 100% Deduction for Uttarakhand Relief Fund U/S 80G
Advisory to Tax Payers Against Phishing Mails Press Information Bureau Government of IndiaMinistry of Finance 14-July-2014 Advisory to Tax Payers Against Phishing Mails Information has been received from several quarters that emails are being received by taxpayers claiming to be sent by the Income Tax Department asking the taxpayers to download file … [Read more...] about Advisory to Tax Payers Against Phishing Mails
Income Tax Structure 2014-15 announced in Budget 2014There is no change in the income tax rate for the year 2014-15 (Assessment Year 2015-16)(i) The rates of income-tax in the case of every individual (other than those mentioned in (ii) and (iii) below) Upto Rs. 2,50,000 Nil. … [Read more...] about Income Tax Structure 2014-15
Income Tax Expectations From Modi GovernmentThe decisive victory of Narendra Modi and his party has raised expectations of an aam aadmi like never before. Every step the new government takes will set the course of action for the next five years.These are some income tax expectations which the aam aadmi has from the government.Increase in exemption limit for housing loan … [Read more...] about Income Tax Expectations From Modi Government