As
per the Finance Budget 2019, some Important Income Tax Section and
Income Tax Rebate has changed. The Major modification including the
Income Tax Slab Rate for the F.Y. 2019-20 is given below.
Wednesday, 4 September 2019
Tuesday, 3 September 2019
Monday, 2 September 2019
HOW TO CLAIM RELIEF WHEN SALARY IS PAID IN ARREARS OR IN ADVANCE
Whereby any
portion of assessee’s salary is received in arrears or in advance or by
reason of his having received in any one financial year salary for more
than 12 months or payment which under the provisions of section 17(3) is
a profit in lieu of salary, he is hence taxed at a higher slab than
that at which it would otherwise have been assessed. The Assessing
Officer shall, on an Application made to him, grant such relief as
prescribed. The Procedure for computing the relief is given in Rule 21.
This relief is provided in the financial year in which such arrears
have been received.
Sunday, 1 September 2019
Important changes in Bank rules from 1st September 2019 are as follows:
Bank Timings
In general, banks in India open at 10am for the general public but from 1st
September 2019, these timings may change for the PSBs. Now, the PSBs may have to start banking functions for consumers from 9am. The Ministry
of Finance has already issued directives to the PSBs to begin banking
operations at 9 in the morning from September 1st.
Friday, 30 August 2019
Tuesday, 27 August 2019
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