Tax On Salary

The Indian government has suggested increasing the tax exemption on leave encashment for non-government salaried employees upon retirement from Rs 3 lakh to Rs 25 lakh.

Will salaried people in India get some respite on income tax? That's the million-dollar question before every Union Budget.

7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.

Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.

The Income Tax Department has received about 5.83 crore tax returns, largely from salaried and individual category taxpayers, by the end of the financial year 2021-22 filing season on July31, officials said Monday.

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Here is a list of new rules, proposals and deadlines on the changes coming to your take-home salary and working hours, taxes and cards.

Special WFH deduction, increase in standard deduction and modifications in the new tax regime are high on individual taxpayers wishlist.

The Union Budget 2022-23 will be presented by Finance Minister Nirmala Sitharaman on February 1. It's that time of year when people eagerly await announcements, with focus on those concerning income tax.

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals

India's Covid-19 cases continue to climb, even as the economy tanks. China is pressing forward on the two countries' disputed Himalayan border, where dozens of Indian soldiers have been killed. Tax revenues have plummeted, state governments are unhappy and 21 million of India's rare salaried jobs vanished in the last few months. And yet Prime Minis...

The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic

The first tranche was focused on small businesses while little relief was provided to the salaried taxpayer, say tax experts.

Auto dealers in India employ around 40 lakh people with each dealership employing about 80 - 150 people on an average. Job losses owing to the slowdown has worst affected auto dealers and component sector and that's the biggest fear post the lockdown period.

The Indian government has suggested increasing the tax exemption on leave encashment for non-government salaried employees upon retirement from Rs 3 lakh to Rs 25 lakh.

Will salaried people in India get some respite on income tax? That's the million-dollar question before every Union Budget.

7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.

Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.

The Income Tax Department has received about 5.83 crore tax returns, largely from salaried and individual category taxpayers, by the end of the financial year 2021-22 filing season on July31, officials said Monday.

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Here is a list of new rules, proposals and deadlines on the changes coming to your take-home salary and working hours, taxes and cards.

Special WFH deduction, increase in standard deduction and modifications in the new tax regime are high on individual taxpayers wishlist.

The Union Budget 2022-23 will be presented by Finance Minister Nirmala Sitharaman on February 1. It's that time of year when people eagerly await announcements, with focus on those concerning income tax.

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.

Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals

India's Covid-19 cases continue to climb, even as the economy tanks. China is pressing forward on the two countries' disputed Himalayan border, where dozens of Indian soldiers have been killed. Tax revenues have plummeted, state governments are unhappy and 21 million of India's rare salaried jobs vanished in the last few months. And yet Prime Minis...

The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic

The first tranche was focused on small businesses while little relief was provided to the salaried taxpayer, say tax experts.

Auto dealers in India employ around 40 lakh people with each dealership employing about 80 - 150 people on an average. Job losses owing to the slowdown has worst affected auto dealers and component sector and that's the biggest fear post the lockdown period.