How to download an instant e-PAN card from Incometax Portal?
Your Permanent Account Number or PAN is an important document required to you to file your income tax return (ITR). In case you have lost or misplaced your PAN card, there is a provision of issuing instant e-PAN card by the Income Tax Department at their new income tax portal. There is also a facility…
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Deadline for filing Income tax return for individuals extended upto 30th September
The Central Board of Direct Taxes (CBDT) today extended the due date of filing income tax returns for 2020-21 for individuals till 30 September. CBDT has also extended the ITR filing deadline for companies by a month till November 30.Further, submission of TDS statement for Q4 of FY 2020-21 is extended to 30th June 2021…
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What is agri-cess? Whether it affects the general public?
The Union Budget 2021 proposed an Agriculture Infrastructure and Development Cess (AIDC) effective from February 2, 2021on specific goods as below. Items Petrol – Rs.2.50 per litre Diesel – Rs.4 per litre Gold, Silver and Dore bars -2.50% Alcoholic beverages (falling under chapter 22)-100% Crude palm oil -17.50% Crude soyabean and sunflower oil- 20%…
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Budget 2021 Updates
Finance Minister Nirmala Sitharaman listed Health & well-being, Physical & financial capital & infrastructure, Inclusive development for aspirational India, Reinvigorating human capital, Innovation & R&D, and Minimum Govt & Maximum Governance as the main pillars of Budget 2021. The highlights of budget 2021 announcements are as under: TAX RULES FOR INDIVIDUALS: No…
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Calculation of Income or loss from House Property
A person’s gross total income chargeable to tax is a sum of income under various heads such as ‘income from salary’, ‘income from other sources’ etc. One of these heads of income is ‘Income from House Property’. The income from House property is added to the person’s total income for assessment of tax only if…
Calculate your GRATUITY/Pension/COMMUTATION amount as per the latest Bank wage revision
For calculation of gratuity, pension and commutation of pension or family pension payable to retired employees/officers of the bank pursuant to latest wage revision, the retired staff required to have the last drawn salary details such as Basic Salary, Special Pay (if any) PQP, FPP, stagnation increment (if any) and applicable DA at the time…
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