WebTax Update 2024. WHT Rate Card (TY 2024) Highlights-Finance Act 2024. Update-Salary (TY 2024) Highlights-Finance Bill 2024. Web1 day ago · The tax liability on a taxable income of Rs 7.05 lakh would be only Rs 5,000, instead of Rs 25,500. This benefit breaks even on taxable income of Rs 7.27 lakhs. 9. …
Income Tax Bengaluru Jobs Notification 2024: Apply Offline for 2 ...
WebDec 9, 2024 · The Central Board of Direct Taxes (CBDT) has issued a circular for the deduction of tax at source from salaries. CBDT has explained the obligation of employers with regard to the deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for the Financial Year 2024-23 in a comprehensive manner. WebMay 20, 2024 · CBDT Income Tax Circular 9/2024 dt. 20/05/2024: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic. The Central Board of Direct Taxes, in exercise of its power under section 119 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) provides relaxation in respect of the ... st peters weather forecast
Latest Official Tax (Income Tax + TDS) Updates by CBDT of India
WebNov 25, 2024 · CBDT issues Circular No. 20 of 2024 dated 25th November, 2024 laying down guidelines for Section(s) 194-O, 194-Q & 206C of the Income-tax Act, 1961, to remove difficulties faced by taxpayers & to ease compliance. WebApr 30, 2024 · The CBDT issued Income-tax (Eleventh Amendment) Rules, 2024 vide Notification No. 48/2024 dated April 29, 2024 to insert Rule 12AC of the Income Tax Rules, 1962 (“the IT Rules”) for updated return of Income i.e., Form ITR-U under Section 139 (8A) of the Income Tax Act, 1961 (“the IT Act”). Web1 day ago · The tax liability on a taxable income of Rs 7.05 lakh would be only Rs 5,000, instead of Rs 25,500. This benefit breaks even on taxable income of Rs 7.27 lakhs. 9. Selection of Tax regime: The selection of tax regime depends on the quantum of income and deductions and allowances one can claim. There is no thumb rule applied to all. st peters weather mo