Deduction of Income Tax on withdrawal of Provident Fund 60% NATIONAL COUNCIL (STAFF SIDE) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 E Mail: nc.jchm.np@gmail.com No. NC-JCM/2016 Dated:- 1st March, 2016 To The Hon’ble Finance … [Read more...] about Deduction of Income Tax on withdrawal of P.F. (Provident Fund) 60%
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Income Tax
Budget 2016- Tax exemption under Pension Scheme NPS & EPF
Budget 2016- Tax exemption under Pension Scheme NPS & EPF Press Information Bureau Government Of India Ministry Of Finance 29-February 2016 Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun … [Read more...] about Budget 2016- Tax exemption under Pension Scheme NPS & EPF
House Rent Paid : 80GG has also been raised to 60,000 from 24,000 per annum
House Rent Paid : 80GG has also been raised to 60,000 from 24,000 The limit of deduction of house rent paid under section 80GG has also been raised to Rs. 60,000 from the existing Rs. 24,000 per annum to give relief to employees who live in rented houses. Certain Tax Reliefs announced for small … [Read more...] about House Rent Paid : 80GG has also been raised to 60,000 from 24,000 per annum
Annual Budget 2016 – Will the income tax slab increase? Or, will it not?
Annual Budget 2016 – Will the income tax slab increase? Or, will it not? “It is important to keep in mind the expectations of Central Government employees, who accurately calculate and set aside more than their one month’s salary to pay income tax each year.” The annual budget of 2016 is being … [Read more...] about Annual Budget 2016 – Will the income tax slab increase? Or, will it not?
Budget 2016: Tax exemption threshold to be raised to Rs 3 lakh
Budget 2016: Tax exemption threshold to be raised to Rs 3 lakh Budget 2016: Although Finance Minister Arun Jaitley has already announced that his government cannot afford a ‘populist’ Budget, he is unlikely to turn a blind eye to the demands from the individual taxpayers Individual taxpayers could … [Read more...] about Budget 2016: Tax exemption threshold to be raised to Rs 3 lakh