The income tax department last day warned the salaried class taxpayers against filing income tax returns containing wrong information. While cautioning the salaried class, the department clarified that stringent actions will be taken against persons

The latest ITR-1 form, largely used by the salaried tax payers is now available in the official portal for e-filing, the income tax department said. The last date for filing the ITR is July 31.

The Central Board of Direct Taxes (CBDT) has revised the form 16 providing salary TDS certificate which provide details of salary along with the tax deducted at source (TDS) of each its employee. The Income Tax Act

The Union Finance Minister presented his fifth Budget before the parliament today. The following are the major proposals from the Budget 2018. MSP for Agri Products @ 1.5% times market rate. No mention of Fuel

The Central Board of Direct Taxes (CBDT) has notified the amendment in Rule 2B of the Income Tax Rules where the provisions relating to exemption in respect of cash allowance received in lieu of leave

The Kolkata bench of ITAT in the case of DCIT, CC-2(2), Kolkata versus Subhas Chandra Agarwala & Sons (HUF) ruled that a salaried Person is not required to maintain books of accounts unless he is

The Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay the installments of advance tax before the due date is expired. Advance tax means income tax should be paid in advance instead of lump

In order to provide relief to salaried taxpayer, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, proposed to allow a standard deduction of Rs. 40,000/- in lieu of the present exemption in

The  Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 has proposed the Exemption for Leave Travel Concession (LTC) Cash Scheme which will be effective from 1 April, 2021. The Finance Minister said, “in order

Unlike from the past years, the salaried class are asked to show the break up of the interest income received last year while filing the income tax returns for the year 2018-19. The new option

As the upcoming Interim Budget 2024, the experts are expecting Finance Minister Nirmala Sitharaman to introduce changes in sectors such as personal finance, agriculture, banking, financial services, and insurance. The expectation was to provide relief

The Finance Minister Nirmala Sitharaman has presented the Union Budget 2023, by the budget speech. The budget proposed minor changes to tax policies, allocation of government spending, and initiatives aimed at boosting the economy and

The Income Tax Department has informed that the tax return forms i.e, ITR-1 and ITR-4 for the salaried persons, Professionals, and self-employed individuals are available in the official portal for e-filing. It also said that

The Union Finance Minister, Nirmala Sitaraman is all set to present the Union Budget on 1st February 2023. The middle class expect the budget to be a stepping stone to better personal finances, especially savings,

All focus is on 29th February 2016. It is the date when the third union budget of the NDA government will be announced by the Finance Minister of India. All the citizens, especially the salaried