Toll Tax Exemption for Indian Army Soldiers: Rules, Eligibility & Process Explained
Toll Tax on Indian Army Person: People have many questions in their minds about the soldiers who are deployed day and night in the service of the country. One such question is whether army personnel have to pay toll tax ? Such things often go viral on social media that soldiers are completely exempted from […]
Toll Tax Exemption Rules: Know Who Doesn’t Have to Pay at Toll Plazas
– Advertisement – The number of National Highways and Expressways across the country is continuously increasing. However, vehicles plying on these roads have to pay tax. New roads are also being built in Bihar. An expressway is being built here. It also includes four-lane roads, which are providing convenience to people in commuting. But people […]
New Income Tax Bill: Preparations to Implement Tax Exemption in private Pension Schemes
– Advertisement – Finance Minister Nirmala Sitharaman will present this new Income Tax Bill in the Lok Sabha today. A special committee of the Lok Sabha has recommended making the tax rules on lump sum pension withdrawal equal for all in the new Income Tax Bill. If this proposal becomes law, then people will be […]
TDS Deducted on Dividend Below Exemption Limit? Here’s How to Claim Refund Easily
– Advertisement – Income Tax: Under Section 139 of the Income Tax Act, if a person’s total taxable income exceeds the exemption limit before claiming deductions, then he is required to file Income Tax Return (ITR). Even if the income is less than this limit, a person can voluntarily file a return Investing in shares […]
PAN Aadhaar Linking exemption: Good news! These people got exemption for linking PAN Aadhaar, check details
As per the instructions of the Ministry of Finance, the Central Board of Direct Taxes (CBDT) has made it mandatory to link PAN with Aadhaar. But, according to the new instructions, some consumers have been exempted from linking PAN Aadhaar. In such a situation, it is important for you to know whether you also come […]
Ticket exemption for Senior Citizen: Good news! Now the decision will be taken on the exemption for senior citizens
Senior Citizen Ticket Concession: The last financial year was special in many respects in terms of railways. During this, keeping in mind the convenience of the passengers, eight Vande Bharat trains were started on different routes. Apart from this, a tremendous increase was also recorded in the revenue from passenger fare and freight. In this […]
Bus fare Exemption for Senior Citizen: Senior citizens will get a separate pass for exemption in bus fare, this is how to apply
Senior citizens aged 60 years and above, who were entitled to concession in fare while traveling in Haryana Roadways buses, will now have to get a centralized pass of the roadways. For this, the roadways will soon prepare its portal. After entering the information on the portal, when the pass is issued, then the officers […]
Government has given exemption! PAN Aadhaar link has not compulsory for these people
How to Link PAN With Aadhaar: The central government has set March 31, 2023 as the deadline for linking PAN with Aadhaar. Those people who have not linked PAN card with Aadhaar and they do not link PAN card with Aadhaar till the last date, then their PAN card will be of no use. Those […]
Indian Railway: Senior citizens will get exemption in sleeper and 3rd AC, Railway Minister gave statement
There is good news for the passengers traveling by train. Railway Minister Ashwini Vaishnav has given a lot of information regarding the exemption given to senior citizens. Railway Minister Ashwini Vaishnav said in a written reply in the Rajya Sabha that the Indian Railways may soon restore the senior citizen concession, which was discontinued due […]
Pensioners Standard Deduction: Good news! Pensioners got this tax exemption for the first time
Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) has presented the budget (Budget 2023). The common man has been taken full care of in this budget. The Finance Minister has taken care of everything from job professionals to farmers and women in the budget. Along with this, the government has also provided relief to the pensioners. […]
Income Tax exemption limit: Good news for taxpayers! Up to ₹ 5 lakh can be exempted in income tax
The preparation for the General Budget 2023-24 (Budget 2023-24) is going on in full swing. The government can give big relief to taxpayers in the budget to be presented in February next year. In fact, industry body Assocham has demanded the government to double the income tax exemption limit in the next budget. Assocham has said […]
Post Office Scheme: This savings scheme is getting more returns than FD, tax exemption will also be available
This is a great small savings scheme. You can start it at any post office in the country. Its maturity period is 5 years. Significantly, post office schemes are considered one of the safest investment options. If you are looking for a safe option to invest your hard earned money, then the Post Office Savings […]
Gratuity Calculation: How is gratuity calculated and when you get exemption from income tax, get details here
Gratuity Calculation : Salaried employees, except temporary or contract employees, are entitled for payment of gratuity after completion of a certain period of employment in the same organization. As per the Gratuity Act 1972, an employee becomes eligible to receive gratuity amount after completing five consecutive years of service in an organization. The amount of […]
Income Tax Alert: Exemption-free tax system may be reviewed, system without exemption may be implemented
Income Tax Alert: According to the news agency PTI, the Government of India is planning a new exemption-free tax regime soon to make it more attractive for individual income tax payers. According to insiders, the administration intends to eventually introduce a tax-free tax system without any exemptions. Along with this, the complicated old tax regime […]
Income Tax: Income tax exemption will be available on repairing the house, the court has given a big decision
New Delhi: Recently, the Income Tax Appellate Tribunal (ITAT) has given its verdict on the case of Capital Gain Tax. In this judgment, the tribunal has empowered an NRI taxpayer to claim tax exemption for the money spent on repairs of the house. The court said in the order that the expenditure incurred for the […]
EPF Pension Scheme: From formula related to EPF pension scheme to exemption, know 10 special things
EPF Pension Scheme: From formula related to EPF pension scheme to exemption, know 10 special things Pension contribution by the account holder of retirement fund body Employee Provident Fund Organization or EPFO is diversion from the PF portion of the employer. There is no contribution in the pension on the part […]
Tax Benefits for Senior Citizens: Tax Benefits Senior citizens get these special tax benefits, take advantage of such exemption
New Delhi, As the date of filing income tax returns approaches, people start manipulating to save tax. Senior citizens get many tax benefits as compared to ordinary taxpayers. Senior citizens can get a substantial tax exemption by keeping their information. If we talk about the tax of senior citizens, then the income of a person […]
Income Tax Big Update: Which investments get the benefit of income tax exemption under 80C? see here list
Income Tax Return: Before filing income tax return, there is often mention of section 80C coming under the Income Tax Act among the taxpayers. Section 80C is the most commonly used provision under the Income Tax Act. Now only a few hours are left for July 31, the last date for filing income tax returns. In […]
Income Tax Slab: 2.5 lakh exemption will be available if you fill ITR, tax calculation will be done after 5 lakh, know how
Income Tax Slab: 2.5 lakh exemption will be available if you fill ITR, tax calculation will be done after 5 lakh, know how Tax on Income: For the year 2021-22, ITR can be filed till 31 July 2022. If you have not filed your tax return yet, then do it immediately, the government has completely rejected […]
