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  Attention employees! CBDT says 20% of your salary will be deducted if you don't do THIS

  Business | January 29, 2020 11:22 IST

  Are you a salaried person and earning over ₹ 2.5 lakh per annum? Then this news is important for you. The Income Tax Department has reiterated that employers must cut tax at source at 20 per cent or a higher rate if the employees do not provide PAN and Aadhaar details to the employer.

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  IndiGo, SpiceJet, GoAir seek TDS relief for expat pilots

  Business | January 22, 2020 19:24 IST

  Domestic carriers IndiGo, SpiceJet and GoAir have pitched for TDS (tax deducted at source) relief for expat pilots. The airlines have claimed that foreign pilots insist on a tax-free salary, knowing that India faces a shortage of experienced pilots at senior level.

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  Cash withdrawal from multiple accounts to be aggregated for levying 2 per cent TDS

  Business | July 18, 2019 20:52 IST

  Plugging loopholes, the government on Thursday brought an amendment to its Budget proposal to levy tax on high value cash withdrawals, saying a two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

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  CBDT extends due date for TDS deductors in cyclone-hit Odisha

  India | May 24, 2019 23:29 IST

  The Income Tax Department Friday extended the due date for depositing tax deducted at source (TDS) for the month of April 2019 from May 7 to May 20 for deductors in cyclone-hit Odisha.

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  Income Tax department revises format of TDS certificate issued by employers

  Business | April 16, 2019 19:29 IST

  Among other things, the revised Form 16 will also include details of deductions in respect of interest on deposits in savings account, and rebates and surcharge, wherever applicable.

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  What to submit to avoid paying excess TDS

  Business | August 01, 2019 18:29 IST

  While the government expects you to pay taxes honestly, make sure you make use of its exemption schemes to the fullest

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  Govt defers TDS, TCS provisions under GST for smooth rollout

  June 26, 2017 16:52 IST

  The government said the postponement of the provision relating to TDS and TCS of the Central GST and State GST Act, 2017 it to provide more time

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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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  No tax to be deducted on PF withdrawals up to Rs 50K from June 1

  May 30, 2016 22:38 IST

  New Delhi: The government today raised the threshold limit of Provident Fund (PF) withdrawal for deduction of tax (TDS) from existing Rs 30,000 to Rs 50,000, as per a senior official. This implies that no

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  Court summons SpiceJet, Kalanithi Maran in tax evasion case

  August 21, 2015 20:37 IST

  New Delhi:  A court here has issued summons to SpiceJet, its chairman Kalanithi Maran and another top company official in two tax evasion cases.Additional Chief Metropolitan Magistrate Pritam Singh on Monday issued summons to Maran, the company

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  We are not tax dodgers: Kalanithi Maran

  July 23, 2015 18:56 IST

  Chennai: Media baron and promoter of Sun TV group Kalanithi Maran on Thursday said they were not tax dodgers and the media was being fed stories about the group and him by people with vested interests."Given

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  Kiran Reddy to decide on new party

  National | March 06, 2014 14:35 IST

  Hyderabad: Former Andhra Pradesh chief minister Nallari Kiran Kumar Reddy will take a final decision today evening on floating a new political party.A day after the Election Commission announced the poll schedule, Kiran Reddy met

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  IT Expects To Get Rs 5000 Cr As TDS From Games-Related Work

  India | October 25, 2010 20:10 IST

  New Delhi, Oct 25 (PTI) The Income Tax department is expecting to collect Rs 5,000 crore as taxes from the payments and salaries relating to award of contracts and payments made by various agencies in

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  I-T Dept Collects CWG Works related Documents

  India | October 17, 2010 16:07 IST

  New Delhi, Oct 17: The Income Tax department has collected documents pertaining to tenders and award of contracts for its "two pronged" probe into the finances of the Commonwealth Games even as a high-level committee