Salaried Individual aged 30 years having yearly Salary of Rs.4,00,000
Myth:He thinks he is not required to file ITR as No TDS deducted
Fact: Even though TDS was not deducted but as his Income exceeds the basic exemption limit,it is mandatory for him to file ITR
@IncomeTaxIndia
CBDT issues Notification No.31/2023 dt 24.05.2023 increasing limit for tax exemption on leave encashment for non-government salaried employees to Rs.25 lakh w.e.f. 01.04.2023.
For more details, please see the Press Release:
https://t.co/eexKdWDc2L…
@IncomeTaxIndia@i_xperts
Income Tax Portal allows Tax Payment through various modes,
Payment modes are 👇
1:Net Banking
2:Debit Card
3:Pay at Bank Counter
4:RTGS/NEFT
5:Payment Gateway
(No Any Transaction Charges for Payment through UPI from any Payment Gateway)
@IncomeTaxIndia@FinMinIndia@UPI_NPCI
Kind Attention Taxpayers!
Last date to file Updated ITR for AY 2020-21 is 31.03.23. Don't miss this last chance!
Updated ITRs for AY 2021-22 & 2022-23 can also be filed by 31.03.23 to avoid paying higher tax later.
Pl refer to S. 139(8A) of IT Act, 1961.
Don’t delay,file today!
Advance Tax paid for AY 2023-24 will be shown in "Payment of Taxes" tab under "Part B" of AIS
So don't check Form 26AS for Advance Tax Payment of AY 2023-24
#incometax
Tax Calculator is now live!
A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed on the IT Dept website.
Pl check the link below:
https://t.co/zeJp8kl1kx
CBDT has notified Income-tax Return Forms (ITR Forms) for the AY 2023-24 vide Notifications No. 04 & 05 of 2023 dtd 10.02.2023 & 14.02.2023 well in advance in order to enable filing of returns from the beginning of the ensuing AY.
Details in Press Release
https://t.co/05I12Gknll