Tag: Income Tax
Leave Encashment limit increased for salaried employees
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employees.
The tax exemption on leave encashment of non-government salaried...
PAN-Aadhaar linking deadline extended till June 30: Check details
In order to provide some more time to the taxpayers, the date for linking PAN and Aadhaar has been extended to 30th June 2023, whereby...
Last date for Aadhaar–PAN linking is 31 March, will it extend?
The PAN-Aadhaar linking is important. In terms of government processing, it helps to verify the identity of individuals filed by income tax returns.
Income Tax...
IT raid BBC Delhi & Mumbai office, employees’ phones seized
Income Tax (IT) officials have searched the BBC Delhi and Mumbai offices today. The income tax officials have seized phones and laptops.
According...
Higher EPF contribution to be taxable from April 1, but…?
Higher EPF contribution to be taxable from April 1, but…?
Union Finance minister Nirmala Sitharaman had announced in the Budget 2021-22 that interest earned on...
EPFO: Interest on your PF contributions over Rs 2.5 lakh to...
EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed
Interest on employee contributions to provident fund over Rs 2.5 lakh per...
Govt can look to provide tax deductions for WFH employees: Pwc...
Govt can look to provide tax deductions for WFH employees: Pwc India
The government could look at providing deductions for expenses incurred by salaried employees while working...
Govt extends deadline for filing ITR for FY20
In the announcement of the economic relief package, Finance Minister Nirmala Sitharaman said that the due date for Income Tax Returns for the year...
COVID-19: Govt to release Income Tax refunds immediately
Today, the Income Tax Department, on its official Twitter handle, announced that Government of India to give income tax refunds up to Rs 5...
Covid-19: India relaxes Income Tax deadlines and penalties
In view of COVID-19 outbreak, India has offered several relaxations under the Income Tax Act and other direct tax laws to assuage taxpayers especially...