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Income Tax Exemption
World Food Safety Day: Get income tax exemption on your meals, beverages, even tea in office! Here's how
Fri, Jun 07, 2019
Honestly, not many are aware, but the Income Tax Department does give tax exemption on the meals in your office.
Paying tuition fees for your child? You can claim this much tax benefit - Here’s how
Wed, Jun 05, 2019
The Income Tax department does allow reliefs to salaried individuals who are paying tuition fees for their children.
Budget 2019: Income tax exemption to relief for farmers and MSMEs, 5 top sops Modi govt may give
Thu, Jan 31, 2019
With general elections merely a few weeks away, the middle class and farmers are expecting some relief in the Budget 2019-20.
Budget 2019: Tax exemptions for startups, boost to nanotechnology - These are some major expectations
Wed, Jan 30, 2019
The Narendra Modi government is set to present its first interim budget in just two days and the industry would be eagerly waiting for the introduction of some popular reforms.
Budget 2019: Big bonanza from Modi government? Income tax exemption limit likely to be increased to Rs 5 lakh
Mon, Jan 21, 2019
Budget 2019: Recently held national executive of the Bharatiya Janata Party (BJP) also asked the goverment to give income tax relief up to Rs 5 lakh.
Income-Tax dept proposes online filing of tax exemption application
Tue, Oct 30, 2018
The department sought comments from stakeholders by November 12 on the amended rules and application forms seeking tax exemptions by such entities.
No IT exemption to cooperative banks: govt tells Lok Sabha
Fri, Dec 29, 2017
Jaitley said most of these banks provided standard banking facilities like opening of letters of credit, bill discounting and collection, lockers and safe deposit vaults and bank guarantees.
Income Tax Slabs 2017: Find out your tax liability, how to file ITR and more
Mon, May 22, 2017
Income Tax (IT) slabs have been tinkered with a bit by Finance Minister Arun Jaitley during his Budget speech on February 1, 2017. If you are looking to file your Income Tax Returns (ITR) and have a few questions regarding your income tax slab or how much tax you can save this year, read on.
Here are salient features of Direct Tax proposals of Budget 2017
Wed, Feb 01, 2017
Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017.
Budget 2017: Small businesses gets special tax gifts from Arun Jaitley
Wed, Feb 01, 2017
Small business will now have to pay 5% less income tax, which brings it to the 25% level.
Union Budget 2017: Basic exemption limit on income tax could be increased to Rs 3.5 lakh
Wed, Feb 01, 2017
Besides the increase in the tax slabs there is also expected to be an increase in the exemptions under 80C.
30% tax advantage for digital transactions: Jailtey
Tue, Dec 20, 2016
The government on Monday said small traders and businesses with a turnover of up to Rs 2 crore would pay less tax if they accept payments through banking and digital means.
Income tax exemption given only to registered political parties subject to certain conditions: CBDT
Sat, Dec 17, 2016
After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which