Income tax news in india
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 ... 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 …
Income tax news in india
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Web15 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 … Web1 day ago · New Delhi: With the new Financial Year (FY 2024-2024) kicking in, your income tax-related matters ought to be organised within the prescribed time frame.The most important aspect of this financial year is the introduction of new income tax slab --announced by FM Nirmala Sitharaman in this year's Budget -- and your consequent …
WebFeb 1, 2024 · The income tax slabs announced for new tax regime in Budget 2024 will come into effect from April 1,2024. The new tax rates under the new tax regime will be … WebJul 31, 2024 · As many as 63,47,054 tax returns had been filed up to 10 pm on Sunday, the IT Department posted on Twitter. It also put out its email address, [email protected], and helpdesk numbers, 1800 103 0025 and 1800 419 0025, to provide assistance to taxpayers for the resolution of queries and issues in filing of the returns.
WebNov 5, 2015 · Pinned Tweet. Income Tax India. @IncomeTaxIndia. ·. Apr 3. ️Direct Tax collections (provisional) for FY2024-23 exceed the BE by ₹2.41 lakh crore i.e by 16.97% & RE by 0.69% ️Gross DT collections (provisional) at ₹19.68 lakh crore register a growth of 20.33% ️Net DT collections (provisional) at ₹16.61 lakh crore mark a growth of 17. ... 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.
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.
Web1 day ago · India Business News: New versus old income tax regime: Irrespective of which regime you opt for, financial planning is an important aspect of every salaried taxpayer's lif pregnancy in dresses onlyWebFeb 3, 2024 · Income Tax Slabs 2024: These are the new income tax slabs under the new tax regime 1. Up to Rs 3 lakh income there is 0% or NIL tax 2. From Rs 3 lakh to Rs 6 lakh the … scotch plains family medicineWebe-Filing Home Page, Income Tax Department, Government of India. LOADING. scotch plains facebook 1973Web1 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. pregnancy induced eczemaWebApr 8, 2024 · Get all latest & breaking news on Income Tax. Watch videos, top stories and articles on Income Tax at moneycontrol.com. pregnancy induced hypertension healthlineWebFeb 11, 2024 · Gross Direct Tax Collection Jumps 31% To ₹ 10.54 Lakh Crore Press Trust of India Saturday November 12, 2024, New Delhi Gross collection of tax on corporate and … scotch plains fair 2017pregnancy induced hypertension diet plan