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Income Tax Rates

Exercising option for Deduction of TDS under old/New rates of Income Tax(2020-21)

May 19, 2020 GEDWEBZIP

Exercising option for Deduction of TDS under old/New rates of Income Tax(2020-21) No.G-26028/4/2020-CashGovernment of IndiaMinistry of Road Transport &Highways(Cash Section)Transport Bhawan, 1, Parliament Street, New Delhi 110001 Dated 15th May, 2020 CIRCULAR Subject : EXERCISING OPTION FOR DEDUCTION OF TDS UNDER OLD OR NEW RATES OF INCOME TAX FOR THE FY 2020-21 1. The new […]

Income-Tax Deduction from Salaries during the Financial Year 2019-2020

March 6, 2020 GEDWEBZIP

Income-Tax Deduction from Salaries during the Financial Year 2019-2020 F.No.275/192/2019-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi the 5th March, 2020 CORRIGENDUM TO CIRCULAR NO.4 OF 2020 DATED 16.01.2020 Subject : Income-Tax Deduction from Salaries during the Financial Year 2019-2020 under Section 192 of […]

New income tax slabs 2020 – 21

February 1, 2020 rajasinghmurugesan

New Personal Income Tax Regime heralds significant relief, especially for Middle Class Taxpayers New tax regime to be optional for the taxpayers New rates entail estimated revenue forgone of Rs 40,000 Crore per year In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to […]

Deduction of income tax at source for 2019-2020 – MOD

May 3, 2020 rajasinghmurugesan

Deduction of income-tax at source for the financial year 2019-2020 MINISTRY OF DEFENCE  Office of the JS & CAO   Deduction of income-tax at source for the financial year 2019-2020 1. As per the Govt. orders, the recovery of tax, as due, from the Pay and Allowances of the employees is required to be ensured […]

CBDT : Premature Retirement Under Fr 56(J) – Income Tax

May 3, 2020 GEDWEBZIP

CBDT : Premature Retirement Under Fr 56(J) – Income Tax No. A-32011/02/2014 -Ad.VI(A) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10 June 2019 ORDER No. A 155/2019 WHEREAS the President is of the opinion that it is in the public interest to do […]

Income Tax Rates Assessment Year 2018-19,2019-20

October 25, 2018 rajasinghmurugesan

Income Tax Rates Assessment Year 2018-19,2019-20 Tax Rates 1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Taxable income Tax Rate Up to Rs. 2,50,000 Nil Rs. 2,50,000 to Rs. 5,00,000 5% Rs. 5,00,000 to Rs. 10,00,000 20% Above […]

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