simpleincometax

Blog of Taxman for Taxmen !

Friday, March 12, 2010

Advance Increment for passing Dept. Exam restored.

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Following is the letter from Ashok Salunkhe, Secretary General, ITEF regarding the restoration of advance increments for  passing Dept. Exam...
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Friday, March 5, 2010

Cabinet clears raising gratuity for private employees to Rs. 10 lakh

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The Union Cabinet on Thursday decided to raise the ceiling of gratuity payable to employees in the private sector from Rs. 3.5 lakh to Rs. ...
Thursday, March 4, 2010

Contribution to CGHS is deductible u/s 80D for the A.Y. 2011-12.

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Deduction for Contribution to Central Government Health Scheme The Central Government Health Scheme (CGHS) is a medical facility available t...
Saturday, February 27, 2010

Income Tax Rates for the A.Y. 2011-12 [Financial Year 2010-11]

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I In case of individual (other than II and III below) and HUF Income Level Income Tax Rate i. Where the total incom...
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Friday, February 26, 2010

No major change in Income Tax. Only change in slabs to benefit taxpayers.

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n a relief to individual tax payers, the government today changed the slabs cutting the rate to 10 per cent for income up to Rs 5 lakh, whil...
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