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The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
FY2021-22 was an uneventful year for the New Tax Regime as no new changes were announced except the relaxation of Income Tax filing for senior citizens over 75 years. [26] The government's tax policy for the near future was clearly outlined which indicated that all tax breaks will be gradually eliminated while maintaining a low tax rate.
Government employees in the union government in 56 ministries [1] and departments under latter as of 1 July 2023 has 48.67 lakhs working employees and about 77 lakhs retired employees on rolls. [2] Indian Railways with 1.3 million employees has highest number of employees in union government. [3]
The first pay commission—established in January 1946—submitted its report in May 1947, to the Interim government of India. [1] It was under the chairmanship of Srinivasa Varadachariar and comprised nine members. [3] The mandate of the First Pay Commission was to examine and recommend emolument structure of the government's civilian employees.
Fortunately, the most important dates are similar every year, and 2024 is no different. However, not all deadlines apply to all taxpayers, and if your tax situation changed in the past year — or ...
The Registrar of Companies (ROC) is an office under the Indian Ministry of Corporate Affairs that deals with administration of the Companies Act, 2013, The Limited Liability Partnership Act, 2008, The Company Secretaries Act, 1980 and The Chartered Accountants Act, 1949. These officers are from Indian Corporate Law Service cadre.
When can we start filing taxes for tax season 2023? The tax season for tax year 2023 has officially started and you were able to file as early as Jan. 29, 2024. Here are some other important dates:
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]