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Transport Allowance withdrawn from FY 2018-19/ AY 2019-20, CBDT notifies, With Automated All in One TDS on Salary for Govt & Non-Govt Employees For F.Y.2018-19

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..... Transport Allowance withdrawn from FY 2018-19/ AY 2019-20, CBDT notifies, With Automated All in One TDS on Salary for Govt & Non-Govt Employees For F.Y.2018-19 - By: - Pranab Bandyopadhyay - Income Tax - Dated:- 8-10-2018 - - Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of Transport Allowance of ₹ 1,600 pm for salaried individuals/ employees to meet th .....

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..... eir commuting costs between residence and office, stands withdrawn from 1 April 2019 (FY 2018-19/ AY 2019-2020). It may be noted that reintroduction of Standard Deduction by the Finance Act, 2018 has resulted in getting transport allowance withdrawn. However, it may be noted that the Transport Allowance unto ₹ 3,200 pm shall continue to be exempt in the case of an employee, who is bli .....

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..... nd or deaf and dumb or orthopedically handicapped with a disability of lower extremities. NOTIFICATION NO. 17/2018, DATED: 06-04-2018 April 06, 2018 F. No.370142/02/2018-TPL S.O. 1517(E).- In exercise of the powers conferred by section 295, read with sub-clause (ii) of clause (14) of section 10 of the Income-tax Act, 1961 (43 of 1961) , the Central Board of Direct Taxes .....

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..... hereby makes the following rules further to amend the Income-tax Rules, 1962 , namely:- (1) Short title, Commencement and application . These rules may be called the Income-tax (Third Amendment) Rules, 2018. (2) They shall come into force on the 1st day of April, 2019 and shall apply to the assessment year 2019-2020 and subsequent assessment years. 2. In the Income-tax Rules, 1962 , .....

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..... in rule 2BB, in sub-rule (2), in the Table, against serial number 10, the entries under columns (2) to (4) shall be omitted; [F. No.370142/02/2018-TPL] PRAVIN RAWAL, Dir. (TPL-II) Note : The principal rules were published in the Gazette of India vide notification No. S.O. 969(E), dated the 26th March, 1962, and was last amended by vide notification number G.S.R. 332(E) dated 03/0 .....

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..... 4/2018. Download Automated All in One Income Tax Preparation Excel Based Software for Government Private Employees for Financial Year 2018-19 Ass Year 2019- 20 [ This Excel Utility can prepare at a time your Income Tax Computed Sheet + Individual Salary Sheet + Individual Salary Structure as per Govt Private Employees Salary Pattern + Automated H.R.A. Exemption Calculation U/s 10(1 .....

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..... 3A) + Automated Arrears Relief Calculation U/s 89(1) with Automated Form 10E For F.Y.2018-19 + Automated Form 16 Part A B and Form 16 Part B for F.Y.2018-19 ] - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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