Taxable and Non-Taxable Elements of Pay and Allowances List of Taxable Elements of Pay Taxable Element of Pay : Provisions are applicable equally for monthly payment of Allowances as well as arrears for the said head of Pay/Allowances. Non-Taxable Elements of Pay : Salary for this purpose … [Read more...] about Taxable and Non-Taxable Elements of Pay and Allowances
Central Government Holiday List 2026 - Know the Complete List
KV School Holiday List 2026-27
Income Tax
What Is Nil Income Tax Return
What Is Nil Income Tax Return? Here Is Why You Should File It Did you know that you can file a tax return even if your income for the year is below the taxable limit? If your taxable income is less than the threshold limit of Rs 2.5 lakhs in a year, you are not mandated to file income tax return. … [Read more...] about What Is Nil Income Tax Return
Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns
Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012, 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns Circular No. 13/2016 Government of India Ministry of Finance Department of Revenue … [Read more...] about Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns
New form to claim tax rebate on LTA, HRA
New form to claim tax rebate on LTA, HRA NEW DELHI: The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest paid on home loans. Taxpayers will have to … [Read more...] about New form to claim tax rebate on LTA, HRA
Taxpayers account for just about 1% of India’s population
Taxpayers account for just about 1% of India’s population Taxpayers account for just about one per cent of India’s population, as per the latest data disclosed by the government for assessment year 2012-13. The data has been made public as part of a transparency drive. A total of 2 crore 87 lakhs … [Read more...] about Taxpayers account for just about 1% of India’s population