Team IN Filings

Author: Team IN Filings

statutory due date
Uncategorized

April 2023 Due Dates

We wanted to remind you of the important compliance filing due dates for the month of April 2023. It’s essential to stay on top of

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Salary income tax
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Salary income tax FY 2023-24 Budget update

The latest budget 2024 update for the Financial Year 2023-24 has brought important changes to the tax structure for employees’ salary income. These updates are aimed at providing relief to taxpayers and simplifying the tax filing process. Some of the key changes include an increase in the Rebate, increase in the standard deduction, changes in tax slabs, and revisions in Leave encashment exemptions . Additionally, several new tax provisions have been introduced to encourage savings and investment. These updates will impact the salary income of employees and it is important to stay informed and plan accordingly. Employers and employees alike should take note of these changes and seek professional guidance if needed, to ensure compliance and optimal tax savings

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