Income tax news in india

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August undefined, 2024

Webe-Filing Home Page, Income Tax Department, Government of India. LOADING. WebDec 20, 2024 · Personal income tax rates The slab rates applicable to individuals for tax year 2024/22 are as follows: The basic exemption limit for resident individuals who are 60 years of age or more but less than 80 years of age at any time during the tax year is INR 300,000. For resident individuals who are 80 years of age or more, it is INR 500,000.

What is Income Tax Return & Is it mandatory to file Income Tax …

WebJan 10, 2024 · * Advance Tax collections for the FY 2024-23 stand at Rs. 5,21,302 crore as on 17.12.2024 which shows a growth of 12.83% * Net Direct Tax collections for the FY … WebFeb 1, 2024 · The Union Budget 2024-24 has introduced a slew of changes in the Income Tax slabs under the new tax regime, while the reduction of the surcharge rate from 37 per … bob sight kia reviews

Budget 2024: Here are the fresh new income tax regime slabs

WebFeb 1, 2024 · Union Finance Minister Nirmala Sitharaman on Tuesday presented Budget 2024 and tabled the Finance Bill 2024 to the Parliament. This year’s budget is said to have come as a disappointment to salaried taxpayers, as little to no changes were brought into effect in terms of income tax. Sitharaman gave her shortest Budget speech to date this … WebSep 21, 2024 · For example, you earn ₹8 lakhs annually and do not get HRA, but pay a rent of ₹16,000 per month, i.e. ₹1.92 lakhs in a year. As per the first condition, you can avail of a tax exemption of ₹60,000. According to the second condition, the permissible deduction would be ‐ ₹1,92,000 ‐ ₹80,000 (10% of income) ‐ ₹1,12,000. WebThe last date for filing your income tax returns for the financial year 2024 to 2024 (assessment year 2024 - 2024) is fast approaching and the deadline is set for midnight on December 31, 2024.... bob sight kia coupons

10 big income tax rule changes from 1 April 2024 for …

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Web1 day ago · Under our tax system, an annual income of Rs. 2.5 lakhs is entirely exempted from tax. To claim deductions from the gross total income on account of various tax-saving investments, permitted expenditures, donations, etc. Such deductions allow an assessee to considerably reduce the tax payable. bob sight kia independenceWeb1 day ago · In addition, family pensioners opting for the new tax regime can claim a standard deduction of Rs 15,000 from their pension income. Soni highlighted that the rebate under section 87A has been hiked to Rs 7 lakh from Rs 5 lakh under the new tax regime. The rebate benefit will be up to Rs 25,000, provided income doesn't exceed the limit of 7 lakh. bob sight ford raytown

"Web1 day ago · The time series data up to 2024-22 released by the Central Board of Direct Taxes (CBDT) showed India's gross direct tax collection rose 173% to Rs 19.7 lakh crore in 2024-23 from Rs 7.2 lakh crore ... " - Income tax news in india

Income tax news in india

New income tax slab rates for FY 2024-24 (AY 2024-25) in India

WebMar 23, 2024 · The UK government came in support of the BBC after the Income Tax department in India conducted a survey operation in the media organisation's Delhi, … WebMar 30, 2024 · 1) New income tax regime to be default regime. Starting, 1 April 2024, the new income tax regime will act as the default tax regime. Tax assessors will still be able to choose from the prior ...

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WebDec 23, 2024 · The income tax department has detected “undisclosed” income of more than Rs 1,200 crore after it recently raided four separate Uttar Pradesh-based groups engaged in manufacturing of agro food products. income tax raids in state Dec 15, 2024, 08:20 (IST) WebJul 1, 2024 · 2 min read . Updated: 01 Jul 2024, 09:01 AM IST Asit Manohar. Income tax rules: From July 1, 20242, TDS at the rate of 1 per cent has been proposed for transaction involving cryptocurrency ...

WebApr 1, 2024 · Income Tax Department > Tax Payer Services > Latest Updates Latest Updates Year 351 Record (s) Page [1 of 36] Last Updated : 21 March 2024 Calling for region … Web1 day ago · Under our tax system, an annual income of Rs. 2.5 lakhs is entirely exempted from tax. To claim deductions from the gross total income on account of various tax …

WebMar 27, 2024 · Latest News Year. 01-Apr-2024. HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL to e-Pay Tax facility at the e-Filing portal for payment of taxes henceforth. ... Partial relaxation provided to Non-residents not having PAN and not required to have it under the provisions of Income … Web11 hours ago · At the time of hearing, the learned AR submitted that the assessee has received identical lease rental income from its Indian associated enterprises in the earlier years also and the same was assessed as royalty by the Assessing Officer. He submitted that the Tribunal has deleted the said addition in A.Y. 2013-14 to 2014-15; 2024-18 to …

WebApr 14, 2024 · Income Tax Return Income Tax Return (ITR) is a form used to report the details of an individual’s or a business’s income and taxes paid to the Income Tax Department of India. It is filed annually by taxpayers in India and is a mandatory requirement under the Income Tax Act, 1961. The Income Tax Return […]

WebBudget 2024 has made many changes under the Income Tax Act, 1961. Some of these changes will come into effect from the start of new financial year 2024-24 i.e., from April … clippers for dog hairWebSep 17, 2024 · Get latest Income Tax News news updates & stories. Explore Income Tax News photos and videos on India.com clippers for dogs feetWeb15 Feb 2024Income Tax: CBDT Notifies ITR Forms for Assessment Year 2024-24. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. 13 Feb 2024. Residents of … bob sight serviceWebApr 8, 2024 · Get all latest & breaking news on Income Tax. Watch videos, top stories and articles on Income Tax at moneycontrol.com. bob sight kia hoursWebMay 26, 2024 · Effective April 1, the tax will be imposed on interest earned on the contribution to Employees Provident Fund (EPF) if the amount is in excess of the threshold limit of INR 250,000 every year. This new rule is governed under section 9D of the Income-Tax Act. For the purpose of calculation, the contribution to the PF accounts up to INR … clippers for dogs with thick hairWebApr 5, 2024 · BBC Income Tax Survey: BBC ऑफिस में सामान्य हुआ कामकाज, इनकम टैक्स के अधिकारी दिल्ली, मुंबई कार्यालयों से निकले India.com Hindi News Desk February 17, 2024 8:12 AM IST BBC Income Tax... clippers for dogs with fine hairWebMar 27, 2024 · Latest News Year. 01-Apr-2024. HDFC Bank, Punjab & Sind Bank and State Bank of India have been migrated from OLTAS e-Payment of Taxes at NSDL to e-Pay Tax … bob sight kia on noland road