Event Date | Act | Applicable Form | Obligation |
---|---|---|---|
07/05/2019 | Income Tax | Challan No. ITNS-281 | Payment of TDS Deducted in April |
11/05/2019 | Goods and Service Tax | GSTR-1 | Outward supplies of taxable goods and/or services for the Month of April 2019 turnover exceeding 1.5 Cr.) Monthly Return. |
13/05/2019 | Goods and Service Tax | GSTR-6 | Return by Input Service Distributor |
15/05/2019 | Providend Fund | Electronic Challan cum Return (ECR) | E-Payment of PF for Apr |
15/05/2019 | ESI | ESI Challan | Payment of ESI of Apr |
15/05/2019 | Income Tax | Return No. 27EQ | TCS Return of all collectors for March Quarter |
15/05/2019 | Income Tax | Form No.27C (TCS) | Exemption from TCS |
15/05/2019 | Income Tax | Form No. 16 B | Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of March, 2019 |
20/05/2019 | Goods and Service Tax | GSTR-3B | GSTR return for the month of April 2019 |
30/05/2019 | Income Tax | Form - 49C | Statement by Non-resident having Liaison Office in India (u/s 285) |
30/05/2019 | Income Tax | Form 26QB | Deposit of TDS/TCS of previous month on purchase of property |
30/05/2019 | Income Tax | Form 16A/27D | Issue of TCS certificate for March Qtr. By All Collectors |
31/05/2019 | Goods and Services Tax | GSTR-6 | Furnishing of Return by Input Service Distributor for the months from Jul 2018 to Apr 2019 |
31/05/2019 | Income Tax | Form 61-A | AIR by Assessees liable to Tax Audit receiving cash above 2 lacs against sales, Banks, Credit card companies etc for FY 2018-19. |
31/05/2019 | Income Tax | Return No. 24Q, 26Q & 27Q | TDS returns for Mar Quarter by ALL deductors |
31/05/2019 | Goods and Services Tax | GSTR-1 | Monthly Return of Outward Suppliers for April |
Basic exemption limit has been hiked to Rs.3 lakh from Rs 2.5 currently under the new income tax regime in Budget 2023. Further, the income tax slabs in the new tax regime has been changed. According to the announcement, 5 income tax slabs will be there in FY 2023-24, from 6 income tax slabs currently. A rebate under Section 87A has been enhanced under the new tax regime; from the current income level of Rs.5 lakh to Rs.7 lakh. Thus, individuals opting for the new income tax regime and having an income up to Rs.7 lakh will not pay any taxes The income tax slabs under the new income tax regime will now be as follows: Rs 0 to Rs 3 lakh - 0% tax rate Rs 3 lakh to 6 lakh - 5% Rs 6 lakh to 9 lakh - 10% Rs 9 lakh to Rs 12 lakh - 15% Rs 12 lakh to Rs 15 lakh - 20% Above Rs 15 lakh - 30% The revised Income tax slabs under new tax regime for FY 2023-24 (AY 2024-25) Income tax slabs under new tax regime Income tax rates under new tax regime O to Rs 3 lakh 0 Rs 3 lakh to Rs 6 lakh 5% Rs 6
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