Income tax news today in india

Author: owfc

August undefined, 2024

WebJan 31, 2024 · Alok Agrawal, Partner, Deloitte India, "The new tax regime has got a great boost by the Budget announcements made by the FM. Taxpayers at both ends of the spectrum will be encouraged under the new regime, as there will be no liability upto annual income of 7 lacs on one hand and surcharge on annual income above 5 crores has been … WebTaxpayers were levied a fine of ₹ 10,000 if they filed their returns late between December 31 and March 31 and a penalty of ₹ 5,000 for filing their returns between August and December. However,...

Income Tax Latest & Breaking News on Income Tax

WebJan 2, 2024 · As per Section 24A of the Income Tax Act, a taxpayer is entitled to a 30 percent standard deduction from the rental income to cover expenses like … Web1 day ago · Income tax is a tax imposed by the central government on the taxable income of all persons who are individuals, Hindu Undivided Families (HUFs), companies, firms, association of persons, body of individuals, local authority and any other artificial judicial person. Levy of tax is different on each person. cumbria county council weather cameras

Opting for new tax regime? Here are a few deductions you can and can…

WebApr 11, 2024 · “Under the new regime, which will be the default regime from FY23-24, deductions will not be allowed under chapter VIA of the income-tax act’1961 such as deduction for donations made to ... Web2 days ago · income tax inspector eligibility gujarati news - Get latest and breaking gujarati news about income tax inspector eligibility , updated and published at 24Kalak, Zee News Gujarati. Zee News brings latest news from India and World on breaking news, today news headlines, politics, business, technology, bollywood, entertainment, sports and others. cumbria county council work experience

No Tax On Income Up To 7 Lakhs, Centre Says New Tax Regime "Attrac…

WebJul 27, 2024 · The total number of income tax returns filed for AY 2024-23 is 4.52 crores as on 29th July, according to the latest data available on the official Income Tax e-filing website. Web1 day ago · Taxpayers will get a standard deduction of Rs 50,000 from their total gross salary income. In addition, family pensioners opting for the new tax regime can claim a … cumbria county council whitehavenWebFeb 11, 2024 · Gross collection of tax on corporate and individual earnings jumped nearly 31 per cent so far in the current fiscal year to ₹ 10.54 lakh crore, the tax department said on … cumbria county council welfare

"WebApr 12, 2024 · Income Tax Calculator gujarati news - Get latest and breaking gujarati news about Income Tax Calculator , updated and published at 24Kalak, Zee News Gujarati. Zee News brings latest news from India and World on breaking news, today news headlines, politics, business, technology, bollywood, entertainment, sports and others. " - Income tax news today in india

Income tax news today in india

Income Tax: Latest News on Income Tax 2024, Income Tax

WebFeb 3, 2024 · These were the income rates for 2024-23 under the new tax regime 1. Up to Rs 2.5 lakh income there is 0% or NIL tax 2. From Rs 2.5 lakh to Rs 5 lakh the tax rate is 5% 3. … 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)

Did you know?

WebNov 5, 2015 · 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 17.63% 135 330 996 … Web2 days ago · The FEMA case comes in the backdrop of the Income Tax department surveying BBC office premises in New Delhi in February. (File photo) By Press Trust of India: The Enforcement Directorate (ED) has registered a FEMA case against news broadcaster BBC India for foreign exchange violations, official ...

Web03 Feb 2024This is How You Pay Zero Tax on Rs 7 Lakh Income in New Tax Regime. In order to address the confusion amongst people on the proposed slab rates of the new tax … WebFeb 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 tax rate is 5% 3. From Rs 6 lakh to Rs 9 lakh the tax rate is 10% 4. From Rs 9 lakh to Rs 12 lakh the tax rate is 15% 5. From Rs 12 lakh to Rs 15 lakh the tax rate is 20% 6.

WebApr 10, 2024 · 3) If you have just 80C deduction of Rs 1.5 lakh then new tax regime might be better as back-of-the-envelope calculations show that for an individual who just avail a deduction of Rs 1.5 lakh ... WebApr 8, 2024 · Income Tax department conducts survey at BBC offices, broadcaster says 'fully cooperating' February 16, 2024 06:48 AM IST Govt notifies Income Tax returns forms by …

WebFeb 1, 2024 · The Ministry of Ayush has received an allocation of Rs 3,050 in the Union Budget 2024-23, a slight increase of 2.69 per cent from 2024-22 when Rs 2,970 crore was earmarked for it. An amount of Rs 306 crore has been set aside for the Central Sector Schemes under the ministry, while Rs 110 crore has been allocated for Statutory and …

WebApr 11, 2024 · “Under the new regime, which will be the default regime from FY23-24, deductions will not be allowed under chapter VIA of the income-tax act’1961 such as … east valley family medical greenfieldWebJan 25, 2024 · Individual taxpayers who contribute a big chunk of direct tax revenues, have higher expectations from Union Budget 2024 in terms of providing increased tax benefits. One of such expectations is to increase the limit of standard deduction from Rs 50,000 to Rs 1,00,000. 12:52 (IST) Jan 25 east valley family medical tempe azWebNov 5, 2015 · 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% … east valley eye center burbank caWebIncome Tax News- Zee Business provides latest news on Income Tax, Income Tax news Today, Top News on Income Tax, update on Income Tax. Stay updated with business … cumbria county council weather camsWebApr 5, 2024 · Income Tax News: Latest news on income tax in India. Know about Income Tax e filing, Income tax slabs, exemptions, Budget, calculate income tax, Income tax … a) Investing in tax-saving instruments. Under section 80C of the Income Tax Act, … By Chirag Nangia. What are the tax benefits for availing a home loan? —Brijesh Kumar … E-filing of income tax returns (ITR) has made life easier for the taxpayer and tax … “Section 54EC and Section 54GB of the Income-tax Act, 1961 (“the Act”) provide … The Finance Act 2024 introduced a new section 194R in the Income Tax Act for … cumbria county dartsWeb2 days ago · India ED initiates probe into BBC India’s alleged foreign exchange violation In February, the Income Tax department conducted a three-day survey at the offices of the BBC, two weeks after... cumbria county council windermere ferryWebMar 24, 2024 · GST India News: Today's latest updates on GST and Income Tax GST INDIA NEWS Business GST Aadhar Link To PAN Card In 5 Minutes Check Your Status In 2024 March 24, 2024 GST India News [Editor Staff] GST A Complete Guide to GST Login Process in 2024 April 7, 2024 Admin Income Tax Extension of Due Date for Aadhar card linking … east valley family physicians tempe az