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Tax Slabs Changed, How Much Will You Pay With Rs 10 Lakh Annual Income?
Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.
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Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
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Employers To Ask Employees About Preferred Tax Regime For Deducting TDS
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly.
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10 BBC Employees Have Spent 2 Nights In Office, Tax 'Survey' Enters Day 3
The survey at the BBC's offices in Delhi and Mumbai began after the British public broadcaster aired a documentary on Prime Minister Narendra Modi and the 2002 Gujarat riots.
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Taxmen At BBC Offices For 2nd Day, Most Employees Asked To WFH
Searches at the BBC's offices in Delhi and Mumbai continued all night, spilling over to the second day as Income Tax officials investigated alleged tax evasion
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BBC's Latest Mail To Staff As Income Tax Officials Scan Its India Offices
As the income tax survey at BBC's offices in Delhi and Mumbai entered the second day, the broadcaster issued a fresh mail to its employees, asking them to cooperate with the tax officials.
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At BBC Delhi Office, Taxmen Searched For 'Tax' Keyword On Desktops: Sources
The Income Tax officials who paid a visit to the offices of the BBC (British Broadcasting Corporation) in Delhi and Mumbai today, not only took away laptops and phones of employees for examination, they also inspected the desktops at the offices
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Assuming He's In "Coma", Family Keeps Man's Dead Body At Home For 18 Months
In a bizarre incident, the family of an Income Tax department employee who died last year kept his body at home for almost 18 months assuming that he was in a coma, officials said on Friday.
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Tax Relief On Salary Arrears Under 7th Pay Commission: Follow These Steps
7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.
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10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
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Explainer: Provident Fund Contributions Above Rs 2.5 Lakh To Be Taxed
The government will tax Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly - including the employee, the employer contributions and the interest earned. The limit has been set higher for government employees at ₹ 5 lakh.
-
Provident Fund Contributions Above Rs 2.50 Lakh To Be Taxed: 10 Points
The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.
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Income Tax Exemptions For Covid Expenses: What It Means For You
Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax
-
Tax Relief On Money Received For Covid Treatment From Employers
The government on Friday extended deadlines for various income tax compliances and said the amount paid by an employer to employees for COVID-19 treatment would be tax-exempt.
-
New Income Tax E-filing Portal To Be Launched For Taxpayers On June 7
Income Tax E-filing portal: The new website is said to have user-friendly features which will make the income tax e-filing process easier and hassle-free for taxpayers.
-
Tax Slabs Changed, How Much Will You Pay With Rs 10 Lakh Annual Income?
Earlier, a salaried employee earning Rs 10 lakh per annum was supposed to pay an income tax of roughly Rs 52,500 under the new regime. Under the revised tax slabs in the new tax regime, he/she will have to pay around Rs 42,500.
-
Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
-
Employers To Ask Employees About Preferred Tax Regime For Deducting TDS
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly.
-
10 BBC Employees Have Spent 2 Nights In Office, Tax 'Survey' Enters Day 3
The survey at the BBC's offices in Delhi and Mumbai began after the British public broadcaster aired a documentary on Prime Minister Narendra Modi and the 2002 Gujarat riots.
-
Taxmen At BBC Offices For 2nd Day, Most Employees Asked To WFH
Searches at the BBC's offices in Delhi and Mumbai continued all night, spilling over to the second day as Income Tax officials investigated alleged tax evasion
-
BBC's Latest Mail To Staff As Income Tax Officials Scan Its India Offices
As the income tax survey at BBC's offices in Delhi and Mumbai entered the second day, the broadcaster issued a fresh mail to its employees, asking them to cooperate with the tax officials.
-
At BBC Delhi Office, Taxmen Searched For 'Tax' Keyword On Desktops: Sources
The Income Tax officials who paid a visit to the offices of the BBC (British Broadcasting Corporation) in Delhi and Mumbai today, not only took away laptops and phones of employees for examination, they also inspected the desktops at the offices
-
Assuming He's In "Coma", Family Keeps Man's Dead Body At Home For 18 Months
In a bizarre incident, the family of an Income Tax department employee who died last year kept his body at home for almost 18 months assuming that he was in a coma, officials said on Friday.
-
Tax Relief On Salary Arrears Under 7th Pay Commission: Follow These Steps
7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.
-
10 Changes Coming Into Effect From April 1 For Next Financial Year
Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.
-
Explainer: Provident Fund Contributions Above Rs 2.5 Lakh To Be Taxed
The government will tax Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly - including the employee, the employer contributions and the interest earned. The limit has been set higher for government employees at ₹ 5 lakh.
-
Provident Fund Contributions Above Rs 2.50 Lakh To Be Taxed: 10 Points
The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.
-
Income Tax Exemptions For Covid Expenses: What It Means For You
Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax
-
Tax Relief On Money Received For Covid Treatment From Employers
The government on Friday extended deadlines for various income tax compliances and said the amount paid by an employer to employees for COVID-19 treatment would be tax-exempt.
-
New Income Tax E-filing Portal To Be Launched For Taxpayers On June 7
Income Tax E-filing portal: The new website is said to have user-friendly features which will make the income tax e-filing process easier and hassle-free for taxpayers.
