Union Budget 2022: Tax deduction limit on employer’s contribution to NPS a/c of State govt employees hiked from 10% to 14%
FM Sitharaman announced parity between employees of State and Central government by hiking Central Government contribution to the National Pension System (NPS) Tier-I.
Feb 01, 2022, 13:27 PM IST
Union Budget 2022: No change in Income Tax slabs, revised ITR filing window now open for 2 years from AY
The Finance Minister however gave respite to people filing their revised Income Tax Return (ITR) by expanding the tax filing window.
Feb 01, 2022, 12:44 PM IST
Budget 2022: FM Sitharaman announces no change in income tax slab for individual taxpayers
Sitharaman made the announcement while presenting Budget 2022-23 in the Lok Sabha.
Feb 01, 2022, 12:36 PM IST
ITR Filing Alert! Avoid THESE 6 mistakes or pay a hefty fine
If their only source of income is pension and interest on deposits, super senior people (those over 75 years old) do not required to file an ITR.
Jan 29, 2022, 18:46 PM IST
Union Budget 2022: As salaried class demand hike in ITR bracket, check 5 major sources of income that are tax free in India
Here’s looking at 5 major sources of income that are tax free in India.
Jan 28, 2022, 17:12 PM IST
Government informs source of income in Budget
The central government informs about sources of income in union budget custom duty excise duty income tax corporate tax and many more
Jan 20, 2022, 22:58 PM IST
Minimum Corporate Tax Presented by Rajiv Gandhi in 1987-88
Former Prime minister Rajiv Gandhi presented Minimum Corporate tax in union budget in 1987-88 as finance minister. The governemt estimates 75 crores extra revenue income from this tax only. here you know why government implement this tax in year 1987-88
Jan 20, 2022, 18:28 PM IST
Earning Rs 10 lakh per annum? Here's how you can pay zero tax
Even those earning a robust Rs 10 lakh per year can plan on paying no taxes.
Jan 18, 2022, 19:37 PM IST
PAN Card Holders Alert! Do THIS or else face a fine of Rs 1,000: Details here
Apart from the Rs 1,000 charge for linking a PAN card to an Aadhaar number, there are a number of other financial losses that a PAN cardholder cannot afford to overlook.
Jan 08, 2022, 17:07 PM IST
Pay zero income tax on Rs 10 lakh salary; check calculation to save money
Taxpayers earning above Rs 10 lakh usually cough up thousands of rupees as income tax, if not lakhs. However, by investing in the right tools, you won't have to pay a single penny.
Jan 05, 2022, 19:20 PM IST
Over 4.43 crore income tax returns filed till Dec 25 for FY'21
The department has been reminding taxpayers to file their returns for FY2020-21 by sending SMSes and emails.
Dec 26, 2021, 20:41 PM IST
I-T department recovers over Rs 150 crore cash after raids at UP businessman's premises
The I-T raid was underway at the house, factory, office, cold store and petrol pump of perfume trader Piyush Jain in Kanpur, Kannauj, Mumbai and Gujarat.
Dec 24, 2021, 11:50 AM IST
Big setback for Chinese brands! IT Dept raids Oppo, Xiaomi, OnePlus offices: Report
The Income Tax department has conducted raids at premises of Chinese smartphone makers Oppo, OnePlus and Xiaomi.
Dec 22, 2021, 16:20 PM IST
The workers created a ruckus during the raid on the house of SP leaders
Income tax raid was going on since morning at the house of SP leaders in Mau. In protest, the SP workers created a ruckus.
Dec 18, 2021, 16:00 PM IST
Filing ITR before December 31? Here’s how to do it online for free
Taxpayers should file their taxes as soon as possible because the deadline is approaching.
Dec 12, 2021, 17:48 PM IST
Tamil Nadu retail chain hid Rs 1000 cr worth sales, finds Income Tax department in raids
According to reports, it was the Saravana Stores group that was searched by the IT department. 37 premises linked to the group were covered in these searches.
Dec 07, 2021, 16:23 PM IST
ITR Filing: Incorrect bank account number? Here’s how to rectify it
Because the refund value is transferred back to the account by the department, the bank account number must be mentioned when filing ITR.
Dec 06, 2021, 22:50 PM IST
Income Tax Department conducts search operations in Madhya Pradesh
A preliminary analysis of seized evidences show evasion of taxable income by adopting various malpractices, particularly the suppression of sales in the mining business.
Dec 03, 2021, 22:25 PM IST
IT department raids Mumbai-based real estate group, claims tax evasion worth crores
The agency claimed that the group did not deduct tax at source on certain payments claimed by it amounting more than Rs 300 crore.
Dec 02, 2021, 16:43 PM IST
IT department unearths Rs 400 crore-dairy farming scam, searches over 30 premises in six cities
In a separate case, the IT department conducted searches at the premises of a real estate group in Mumbai and Navi Mumbai in connection with tax evasion on payments to the tune of Rs 300 crore.
Dec 02, 2021, 15:32 PM IST
