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  ITR filing deadline: Last 2 days to file late income tax, penalty, how to file ITR after due date?

  January 14, 2025 16:35 IST

  Taxpayers have until January 15, 2025, to file their belated Income Tax Return (ITR) for FY 2023-24. Missing this deadline could lead to penalties of up to Rs 5,000, legal notices, and complications in future filings. Salaried employees must also submit tax-saving proofs by this date.

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  Claim tax exemption on rent without HRA: A complete guide to Section 80GG benefits

  January 10, 2025 19:52 IST

  Know how to claim tax exemptions on rent payments even if you don’t receive HRA. Under Section 80GG of the Income Tax Act, salaried and self-employed individuals can save taxes by meeting specific conditions.

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  Budget expectations: Will Section 80C limit increase for taxpayers? Key deductions to watch out for

  January 17, 2025 11:52 IST

  As the Union Budget 2025 approaches, there is growing anticipation for changes to the Section 80C tax deduction limit, which has remained at Rs 1.5 lakh since 2014.

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  When will EPF interest be credited for FY 2023-24? All you need to know about it

  Business | April 25, 2024 14:36 IST

  The Employees’ Provident Fund Organisation (EPFO) increased the interest rate on provident fund deposits for FY 2023-24 from 8.15% to 8.25%, with many eagerly awaiting the crediting of their interest. EPFO calculates interest monthly, with contributions deposited at the fiscal year-end.

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  Big news for salaried employees: Govt likely to reduce gratuity payments eligibility

  Business | August 14, 2020 8:32 IST

  The Central government is considering reducing the minimum eligibility condition for gratuity payments to employees. The Centre may reduce the threshold from five years of continuous employment to between one and three years amid growing demand to make the gratuity eligibility criteria shorter.

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  Rs 12,000-crore relief for salaried class, senior citizens in Union Budget, says Arun Jaitley

  India | February 09, 2018 6:47 IST

  Replying to a debate on Budget 2018-19, the minister said that a lot of things have changed since the NDA government took office in May 2014.

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  Filing ITR just got easier for salaried class with CBDT's one-page form; Aadhaar mandatory

  June 26, 2017 11:55 IST

  The new SAHAJ form also requires reporting of cash deposited in a bank account from November 9 last year to December 30, 2016 if the taxpayers deposited Rs. 2,00,000 or more during the demonetisation period

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  Fake rent receipts will no longer get you tax exemptions. Here's why

  April 06, 2017 11:21 IST

  The taxman may now insist on proof from the tax payer showing that he is indeed a genuine tenant, staying in the property mentioned in the rent receipt

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  Salaried tax payers to get SMS alerts on TDS deductions

  October 25, 2016 7:20 IST

  As many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions. Finance Minister Arun Jaitley today launched the SMS alert service for Tax

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  I-T Limit Raised To Rs 1.8 Lakh, Senior Citizen Age Threshold Reduced

  India | February 28, 2011 14:31 IST

  New Delhi, Feb 28 :  In some relief to general tax payers, Finance Minister Pranab Mukherjee today enhanced the tax exemption limit by Rs 20,000 to Rs 1.80 lakh, gave additional benefits to senior citizens