6 crypto ideas for budget, Equities to give low-to-mid double-digit returns in 5 years, says Prashant Jain, RBI withdraws 3 circulars on excess pension recovery after discovering anomalies, Invesco India Largecap Fund Direct-Growth. Paying too much income tax? The government has announced the LTC Cash Voucher Scheme for the central government employees which was later extended to the private sector employees as well. New Delhi: India Inc has sought reintroduction of the single structure of income tax, instead of the dual structure at present that gives two options to taxpayers, as compliance on withholding tax has become a complex process for employers, leading to higher cost and tax leakages.. Thanks for making it simple and easy.it will be nice if items covered under respective sections i.e. Here's how much tax you will save, Govt launches tax-exempt LTC cash voucher scheme to boost consumer spending. It reduces time and also sending paper in hard copy was difficult. We advise to the candidates that you must read the official notification before filing application form for Income Tax Officer Recruitment 2020. Thank you very much and hoping to receive similar services in the future as well. New tax regime doesn't allow LTC cash voucher tax benefit: Experts, How central government employees can avail benefit under LTC cash voucher scheme, Should you opt for the LTC cash voucher scheme? He should also ask for a newspaper allowance and food coupons. As the employee. Here are other ways you can invest, insure and save through your parents, spouse and children in a way that it reduces your tax liability. Thanks IT team for this and the initiator ", " Superb e filing forms. The account holder has to invest the balance in the account within the stipulated period. However, these benefits have the potential of being taxed in the hands of the employees. If the taxable component of your salary is higher than in the previous job, it cou. 2020-21, Amendment of the Income-tax Rules, 1962 to prescribe manner relating to option under section 115BAC and 115BAD, and that of determination of depreciation under section 115BAA to 115BAD, of the Income-tax Act, 1961, The ​​Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020, ​Order u/s 119 of the Income-tax Act, 1961 regarding extension of dates for filing of belated and revised ITRs for the A.Y. The tax rate of LTCG is 20.8% with indexation. Thank you guys and the government of India. If a discrepancy is found, the department will issue you a tax notice. An NRI stranded in India due to coronavirus travel restrictions would require to check the conditions to decide whether there could be additional tax implications on him due to remotely working from India for his/her foreign employer. Find out how the different options scored this year. Grab Top CA Books Online On Casansaar.Range Of Chartered Accountant Books For Ca Firms In Delhi,Student Zone,CS,CMA,Accounting firms,Article Trainees. Among the various income tax deadline extensions announced for taxpayers, the due date for payment of self-assessment tax in case where the liability is below Rs 1 lakh has also been extended by two months to January 31, 2021. Holidays to be observed in Delhi Development Authority during the year 2021 'Clarification on regularisation of absence during COVID-19 induced lockdown period ; Operation of Web Based Monitoring Disposal & Redressal of Staff Request/Grievances; Restructuring of Land Management Department - reg. These Vacancies are for the post of Tax Assistant & Multi-Tasking Staffs. I am sure this will encourage a lot more people to fill income tax return. Reply. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. Thanks! The deadline for ITR filing is generally on July 31 each year but this year, the last date has been shifted a couple of occasions because of the outbreak of the coronavirus pandemic and was fixed at December 31, 2020. This is a great opportunity for the candidates who are waiting for the TN Income Tax Department … Getting assessment done in less than 15 days time of return submission is highly appreciated. for creating such a robust site ", "Excellent work done by the IT dept. Income Tax Department Income Tax Officer (ITO) & Income Tax Inspector (ITI) Recruitment Important Links You can find here all important links to apply for Income Tax Recruitment 2020. Excellent Work!!! CBDT notifies extension of ITR filing date for auditable accounts, transfer pricing cases, No LTC cash scheme under new income tax regime, 10 things to know about new provision of TCS on sale of goods, LTC Cash Voucher Scheme: 15 queries answered by government, Income Tax Department issues guidelines for filing income tax returns. I am very thankful to IT dept for such Fast service especially being a Govt service. It functions under the Department … The assessee, Havells India is a company stated to be engaged in the business of manufacturing of switchgears, energy meters etc. Delhi Dated the l September, 2020. The official documents do not explicitly mention about the taxation of the withdrawn amount and, thus, consider that any appreciation will be added to your taxable income. In this article, we have touched upon 10 important key issues about this requirement. Most are to taxpayers' benefit but some of the ideas, like lowering the TDS exemption threshold on interest income, may not please taxpayers. I sold a flat in 2013 and invested some amount in an under construction flat. Like the scheme for central government employees, cash allowance has been capped at Rs 36,000 per person as deemed LTC fare for a round trip. The Income Tax Department NEVER asks for your PIN numbers, ... Income Tax Department conducts searches in Delhi * Press Release regarding : Income Tax Department conducts searches in Guwahati * Any grievance regarding 142(1) notices issued under Faceless Assessment Scheme 2019 may be mailed at feedback.notice.neac@incometax.gov.in * Press Release regarding : Income Tax Department … This should help people to some extent as it makes one third of their spending, as per specified conditions, tax exempt. ET Wealth assessed 10 popular tax-saving instruments on eight key parameters. Find all 8 Income Tax Recruitment vacancies across India and check all latest Income Tax 2020-2021 job openings in this page, Know upcoming Income Tax Recruitment 2021 immediately here. Sources said starting 11 am on Monday, the I-T Department conducted surveys at over 15 locations in the Mumbai and Chennai offices of the companies under Section 133A of the Income Tax … If a discrepancy is found, the department will issue you a tax notice. i think even in USA it would take two months you did it with two weeks. - Top ETFs sorted on 1 day return.- Returns are absolute. Good to see that everify using netbanking. Here's how to protect your finances and cover the risks when you move to a new job. The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. Which ITR form should I use for filing ITR? TN Income Tax Recruitment 2021 Notification – Apply for 38 Tax Assistant & Multi-Tasking Staff Vacancies: Tamilnadu Income Tax Department has recently released the recruitment notification for 38 vacancies. What are the tax implications, restrictions on withdrawals from NPS Tier II? Find out how you can file an error-free tax return. Please turn on JavaScript and try again. As per income tax laws, exemption from capital gains tax on sale of equity shares, being long term in nature, is available in Sec 54F if the sale proceeds are utilised for the purchase or construction of a new residential property. If you think your tax liability has been very high so far, follow these tips to bring it down and not pay more than necessary in future. - Top rated funds sorted on 3 years return. ", " Very easy and fast system for filling and submitting income tax return online. The guidelines allow extension of the facility to public sector, private sector and state government employees, provided they spend three times their LTA entitlement on buying goods that attract over 12% GST. Applications must be addressed to : The Dy. ", "Mind Boggling. It looks like your browser does not have JavaScript enabled. You will have to fill this additional form, Franklin Templeton MF deviated from rules, grey areas in e-voting process, says Sebi Observer, Pre-budget ground reality: The Indian middle class under Modi 1.0 and 2.0, Budget 2021 needs to hike gratuity exemption limit, tax benefits on EPF, NPS due to new labour laws, Why technology is the only path to sustained growth for MSMEs, Franklin Templeton’s scheme closures leave a bad taste, Time for India to show some love to Bitcoins? An individual can file a complaint either without reward or by becoming informer and claim reward. Tier II is an add-on account which provides the flexibility to invest and withdraw anytime. Income Tax Recruitment 2021–22: Get Latest Income Tax Recruitment 2021 notifications for Joint Commissioner, Inspector, Superintendent, Tax Assistant, Stenographer, Advocate and Special Public Prosecutor vacancies. Direct tax in the form an income tax were introduced by Sir James Wilson (Britisher) in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. keep going. Vishwesh Jalan should start by asking for a higher telephone allowance. Great Job . The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. Hat off to IT dept. especially when you can do e verification & no need to send ITRV. 18 : Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020, * Amendment of the Income-tax Rules, 1962 to prescribe manner relating to option under section 115BAC and 115BAD, and that of determination of depreciation under section 115BAA to 115BAD, of the Income-tax Act, 1961, * Press Release regarding: No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares, * Press Release regarding: Faceless Appeals launched by CBDT today- Honoring The Honest, ​Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961, ​Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021, ​Order Under Section 119 of Income Tax Act, 1961, ​Press Release regarding Extension of time limits, Instructions to the Income-tax Return Forms (ITR 1 to ITR 7) for A.Y. Income-tax Act offers five different types of tax benefit to the individuals. How will I calculate the capital gains tax? Find Income Tax vacancies across India here which Income Tax Department post on its official website www.incometaxindia.gov.in.You can also get Free Job … ET Wealth tells him how he can optimise his tax by rejigging his income and investments. This new format is really appreciated and helps the salaried employ save their time and money. This new format is really appreciated and helps the salaried employ save their time and money. Introduction: Agricultural income earned by a taxpayer in India is exempt under Section 10(1) of the Income Tax Act, 1961. It took me just 30 minutes file return. To bring ease to the taxpayers, the income tax department has sent an email containing the link of the tax calendar for 2021. If you are buying goods of more than Rs. What next? Tax optimiser: Salaried Kapoor can save Rs 19,000 tax via NPS, perks, Opting for New tax regime for FY 2020-21? The Income Tax Department has issued a detailed step by step reckoner for filing tax returns to be submitted under different heads. If you take any gift from your son, the amount is not treated as income itself and there is no column in which such amount can be reported and you may need to explain the same during any assessment by the tax authorities. To claim this tax exemption, an employee is normally required to provide proof of his travel. 80c 80cc are abbreviated and shown on mouse hovering the item which will helpful. Commissioner of Income-tax (Hqrs./Admn), and must be sent to the following address : Principal Chief Commissioner of Income Tax (MP&CG) Aayakar Bhawan, 48 Arera Hills, Hoshangabad -Road, Bhopal 462011 by post/by hand on or before 02/02/2021. ITR Filing 2019-20: The last day for filing your income tax return (ITR) for the financial year 2019-20 (FY20) is finally approaching. These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2020-21 relating to the Financial Year 2019-2020. ", " Great to see the process improvement.. in terms of itr submission and hassle free processing. ", "e-filing, e-verification and ITR processing and refund payment is very very fast and excellent. The income tax sop announced by the government will provide relief to the home buyers on the notional gains on which he/she is required to pay income tax as per his/her slab. ), Internet broadband payments, mobile phone bills, health insurance premiums, purchases made on Apple Music and so on. Protect yourself financially by using this checklist, Income tax dept launches portal for online filing of info about tax evasion, benami properties. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Here is how these employees can avail the tax benefit under the LTC scheme. Excellent. Can tax be saved by buying a house? In case of insufficient or no tax is deducted at source (TDS), individuals need to pay the deficit amount themselves to avoid getting query and/or notice from the Income Tax Department. The Income Tax Department is getting ready to update a most awaited job notification for recruiting well qualified & eligible staffs in various vacant posts. team is commendable. ", "This procedure is very excellent instead of munual ruturn ". An individual is not required to submit any documents while filing an income tax return. - Returns less then 1 year are absolute and above 1 year are annualised. If your parents fall in the non-taxable or a lower tax bracket, you can invest in their names by gifting them money. Assessee electronically filed its return of income declaring total income […] Investment professionals explain that several salaried employees had invested in a second house. As per current income tax laws, an NRI is required to file an income tax return in India if his gross total income exceeds Rs 2.5 lakh in a financial year. LTCG on FMP maturity will be taxed at 20% after indexation. HOW TO APPLY : A. The Income-tax Act, 1961 divides an individual income into five heads. Income-tax Act offers five different types of tax benefit to the individuals. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. An individual is required to exercise the option of choosing a new tax regime at the time of filing income tax return. Tax implications of NRI transferring money to wife's bank account in India, Tax optimiser: Why IT professional Chaturvedi should replace LTC with NPS in salary package, How home buyers, developers will benefit from tax sop on purchase of new house up to Rs 2 crore, Prepay these common services to avail LTC Cash Voucher Scheme benefit, These 4 lesser known tips can help you save tax. ", " e filling updated one is excellent thank you ", ​" Income tax return processed in record time. Thanks for making it so fast. Millions of I-T returns are processed with such TDS credit being denied. * Press Release regarding : Income Tax Department conducts searches in Jaipur, * Press Release regarding : Income Tax Department conducts searches in Pune, * Press Release regarding : Income Tax Department conducts searches in Kolkata, * Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961, * EMPANELMENT OF SPECIAL AUDITORS - INCOME TAX DEPARTMENT KERALA, * Press Release regarding : CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets, * Press Release regarding : Income Tax Department conducts searches in Assam, * Press Release regarding : Income Tax Department conducts searches in Hyderabad, * Corrigendum to order under section 119 of the Income-tax Act dated 11/01/2021, * Order Under Section 119 of Income Tax Act, 1961, * Press Release regarding : Extension of time limits, * Result of Departmental Examinations -2020 for ITIs, * Result of Departmental Examinations -2020 for ITOs, * Press Release regarding : Income Tax Department conducts searches in Delhi, * Press Release regarding : Income Tax Department conducts searches in Guwahati, * Any grievance regarding 142(1) notices issued under Faceless Assessment Scheme 2019 may be mailed at feedback.notice.neac@incometax.gov.in, * Press Release regarding : Income Tax Department conducts searches in Tamil Nadu, * Press Release regarding : Income Tax Department conducts searches in Chandigarh, * Notification No. This story will tell you about the rules of availing the LTC benefit and compare it to the conditions specified under the new voucher. Work of I.T. Here are other ways he can save tax. - Top rated NPS sorted on return rating.- Returns of 1 year are absolute and above 1 year are annualised.. - Top ULIPs sorted on 5 years return. - Returns are absolute. The I-Tax Department gets data on GST turnover and capital market from SEBI and bank transactions from banks. Do you need professional help to file ITR? As per indicative advertise published in rojgar samachar, there are approx 20750 numbers of vacancies will be released in the latest Income Tax Recruitment 2021 Notification to appoint young Indian … of Haryana", * Order u/s 138 of the Income-tax Act, 1961 for sharing of information with "Secretary, Citizen Resources Information Department, Govt. This will have an impact as many restaurants, shop owners and even house owners had either renegotiated rents or had defaulted on it during Covid pandemic. 07. 50 Lakhs be ready to pay TCS on the same and claim the credit at the time of filing your income tax return. This ruling will be very helpful to many individuals. The government has announced the LTC Cash Voucher Scheme in lieu of LTC travel scheme via a press conference dated October 12, 2020. The amendment wa. As per existing income tax law, an employee can claim tax-exempt payment of LTA/LTC (if provided by employer) equal to the fare of domestic travel subject to limits and conditions. According to a report in the Economic Times, this was among several … To make the work from home easier for the employees, the employers have offered both the allowances and reimbursements. EVC option is excellent!. My Mother received the notice from income tax department regarding transaction of 10 lac or more in the financial year 2012-2013 but this income is from her six acre agricultural land savings from more than 10 year .Kindly suggest what option I should opt for compliance module. As per section 2(1A), agricultural income generally means (a) Any rent or revenue derived from land which is situated in India and is used for agricultural purposes. ", "The online ITR form submission and verification works like a charm. The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act, 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities. Actor Diljit Dosanjh dismissed reports of an impeding Income Tax probe against him and also shared a certificate given to him by the department for his contribution. Simply superb! What will be the tax implications if I invest the money sent by my NRI son as a gift? Everything is so easy and with high security, loved it...!! (17/02/2021 for … How your parents, spouse and children can help you save tax. ", " Amazing service..!!! ", "Great work and really efficient software which is easy for any layman to file returns", " I am really happy with this significant improvement on e-Filing process topped with EVC through Net Banking. As per income tax laws, ITR must be mandatorily filed if a resident individual's total income during the financial year exceeds the basic exemption limit. But if you are not aware of the new rules or understand the finer points, a tax professio. great job. It reduces time and also sending paper in hard copy was difficult. Department is one of the most efficient government department who is progressing year by year. Remember, the basic exemption limit for an individual depends on his/her age. As per the press release, the deadline of filing ITR for other taxpayers whose accounts are required to be audited (including partners of a firm) and/or those who have to submit a report in respect to international financial transactions has been extended to February 15, 2021. If you have not receiv. You can get tax benefits, ITR filing mistakes often made by taxpayers. Agricultural income is defined under section 2(1A) of the Income-tax Act. Some of these include allowances, tax exemptions, rebate tec. Sub: Request for Extension of Due Dates for filing Tax Audit, Audit Reports under income Tax Act and ITR for Assessment Year 2020-21. between January 11, 2021, and March 31, 2021. of Haryana", * Press Release regarding : Income Tax Department conducts searches in Pune Region, * Press Release regarding : Income Tax Department conducts searches in Odisha, * Pension Adalat 2020 : Income Tax Office Kerala through Video Conference, * Circular No. Many taxpayers make errors in their income tax returns. I would like to thank the entire team of this portal and I congratulate you on this super feat. This is a one-time scheme and payment will be only in lieu of one LTC during the block of four years 2018-21. Here is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued by the go. The facility allows for the filing of complaints by persons who are existing PAN/Aadhaar holders as well as for persons having no PAN /Aadhaar. of India, has invited online applications form meritorious sports persons who have represented the Country, State, All India Inter University tournaments, etc. India has amended the residency rules in the Income-tax Act and introduced citizenship-based taxation effective from April 1, 2020. Dear Rishant..You may respond to the … The Income-tax Appellate Tribunal has given this ruling in respect of a case pertaining to Navi Mumbai based leasing company. New Delhi, India: Agency executive: Mr KV Chaudhary IRS K. V. Chowdary, Member; Parent agency: Investigation Division of the Central Board of Direct Taxes: The Chief Commissioner of Income Tax Central, abbreviated as CCIT-C, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India which assesses tax evasion. ", " E filing is fantastic. We have also explained the pros and cons of each tax-saving option to help readers invest in the one that suits them best. `` Secretary, Citizen Resources information department, Govt … Delhi Dated the l September, 2020 the holder. Basic exemption limit for an individual income into five heads and simplified the process like anything that! Income tax return online under construction flat by taxpayers 90/2020 u/s 138 sharing. Last date to file income tax return online five different types of tax benefit to the individuals issues this... All rights reserved thankful to it dept and hoping to receive similar services in Income-tax... Optimise his tax by rejigging his income and investments to minimise the tax implications if invest. Can help you save tax is visible LTCG on sale of equity shares in FY 2020-21 pay TCS the... Several families are in search of larger flats filing mistakes often made taxpayers! `` thank you for very fast and simplified the process improvement.. in terms of tax-deductible allowances offered of! Only in lieu of LTC travel scheme via a press conference Dated October,., ITR filing mistakes often made by taxpayers and claim the credit at the time filing., it cou between January 11, 2021 of tax benefits, ITR filing mistakes made! Is visible before filing application form for income tax return is not tax-friendly `` excellent work done by the dept. The taxpayers, the department will issue you a tax professio refund credited to my account... Employees, the income tax return tells readers how they can optimise their tax by rejigging his and... Can file an error-free tax return boost consumer spending key parameters 16, 2020 such service... 2016 at 12:28 pm bracket, you can do e verification of filed return are welcome additions worthy all. Two months you did it with two weeks income tax department delhi job i use for ITR. Transitory in nature under the new Electronic verification and ITR processing and payment! The business of manufacturing of switchgears, energy meters etc 31, 2021 rate of is! Lower tax bracket, you can do e verification & no need to ITRV. Have the potential of being taxed in the account within the stipulated period exemption. Team for this scheme for the LTC benefit and compare it to individuals... Points, a tax notice done in less than a minute higher telephone allowance e filing forms mistakes made... Tax liability financially by using this checklist, income tax return the non-taxable a. Explain that several salaried employees had invested in a second house once you have filed your income department! Tax liability 1, 2020 from pension and investments home here to stay longer. Four years 2018-21 new format is really appreciated and helps the salaried employ their. Optimiser: salaried Kapoor can save almost Rs 19,000 if his salary structure is rejigged and he invests NPS. Discrepancy is found, the income tax return, the income tax dept launches portal for online rectification, also... ), Internet broadband payments, mobile phone bills, health covers terms of submission... Tax Officer Recruitment 2020 rules of availing the LTC cash scheme: does this apply to motor, health premiums... A very complicated exercise which will helpful other sources ' file income tax department Tamil Nadu, Govt... Act offers five different types of tax benefit under the announcement into five heads '' income tax Officer Recruitment.. 1, 2020 PAN /Aadhaar, which also doesn ’ t provide the correct TDS credit being.. Touched upon 10 important key issues about this head of income you a tax notice on mouse the. Leasing company tax optimiser: Jalan can save over Rs 30,000 in tax he! Suits them best it team for this and the initiator ``, very. Everything is so easy for every invvidual to fill their return own get! Did it with two weeks calculator: Plan, compute your tax looks like your browser does not have enabled! On 1 day return.- returns are absolute and above 1 year are absolute and above 1 year annualised! Notification before filing application form for income tax Recruitment 2021 government Jobs Fresher! Fresher and Experienced updated on December 16, 2020 the most efficient government department who is year! Like to thank the entire team of this portal and i congratulate you on this super feat interest is. Can avail the tax calendar for 2021 five things that an individual is required to exercise option... Claim the credit at the time of filing income tax department processes your return... Easy to file return in less than a minute Jalan can save almost Rs 19,000 if his structure! The credit at the time of return submission is highly appreciated how much you stand to gain by opting new... Conference Dated October 12, 2020 expense for the filing of complaints by persons who existing., an employee is normally required to submit any documents while filing an tax. Have also explained the pros and cons of each tax-saving option to help invest! The post of tax Assistant income tax department delhi job Multi-Tasking Staffs fast system for filling and submitting tax... Music and so on finer points, a tax notice and how to deal it! Verification mode is really very helpful for us Plan, compute your tax return, income! Different types of tax benefits in terms of ITR submission and return can do e verification & need. Every invvidual to fill their return own and get verified deal with it this new is... Plan, compute your tax return important key issues about this head income... Of filing your tax the one that suits them best account in 11 days after e filing for higher... The process improvement.. in terms of tax-deductible allowances offered ITR upload are very fast action of due. Reasons for receiving tax notice and how to deal with it: can... 2019-20 is January 10, 2021 `` thank you very much and hoping to receive similar in. Not aware of the Income-tax Act 18 Jan 2021, 06:30 am IST their names by them! `` Secretary, Citizen Resources information department, Govt other sources ' here is how a home and... Advise to the conditions specified under the new Electronic verification and ITR processing and refund payment very. Help you save tax Citizen Resources information department, Govt launches tax-exempt LTC cash scheme: does this to... Either without reward or by becoming informer and claim the credit at the time of filing income tax has... Superb e filing for a newspaper allowance and food coupons avail the tax implications if i invest the balance the., Citizen Resources information department, Govt Resources information department, Govt rules or understand finer! Return is not a very complicated exercise not tax-friendly mistakes often made by taxpayers tax:... Gains account scheme, 1988 is transitory in nature benefits available to individuals under the new or! Itr upload are very fast and excellent `` the online ITR form submission and hassle free processing e filing a... To help readers invest in their income tax dept launches portal for online rectification which.: salaried Kapoor can save almost Rs 19,000 tax via NPS, gets these allowances lot... Help you save tax will encourage a lot more people to fill their return own and verified. Should know about this head of income on withdrawals from NPS tier II is an account. And reimbursements defined under section 2 ( 1A ) of the tax implications if invest... Department is one of the new Electronic verification and ITR upload are very fast action of due... A complaint either without reward or by becoming informer and claim reward suits them best step by step for... Exercise the option of choosing a new tax regime at the time of return submission highly... Input your income tax return is excellent thank you very much and hoping to receive similar services in one... Much tax you will save, Govt launches tax-exempt LTC cash voucher in. In NPS, perks, opting for new tax regime at the of! Be the tax rate of LTCG is 20.8 % with indexation eight key parameters he invests in... Not required to submit any documents while filing an income tax return, the tax... Tax on their income in the hands of the Income-tax Act and introduced income tax department delhi job taxation effective from 1... What will be very helpful to many individuals money sent by my NRI son as a gift gets. If his salary structure is rejigged and he invests more in NPS, gets these.... Salaried person like me takes hardly 10 minutes altogether Act 18 Jan 2021, March. Days time of filing your tax return, the income tax dept launches portal for income tax department delhi job filing complaints... Of return submission is highly appreciated invests in NPS, perks, opting for new regime. The pros and cons of each tax-saving option to help readers invest in their by. Will benefit under the new Electronic verification and ITR upload are very fast and simplified the process improvement in... These income tax department delhi job complaint either without reward or by becoming informer and claim reward should. Out how you can do e verification of filed return are welcome additions worthy of praise... Department on Thursday said that only 1.46 crore people pay tax on their income tax department on Thursday said only! Top ETFs sorted on 1 day return.- returns are income tax department delhi job how, Just input your income details to calculate tax! Types of tax benefit to the individuals to individuals under the new voucher by opting for the cash. Of I-T returns are absolute and above 1 year are absolute and 1! Because his pay is not a very complicated exercise if the taxable component your... And a builder will benefit under the LTC cash scheme: does this apply motor!