Yes. The exemption of amount received under VRS is extended to all employees of the Central Government w.e.f. Assessment Year 2002-2003 and for all State Government employees w.e.f. Assessment Year 2001-2002.
The guidelines for tax exemption under VRS are as below: VRS applies to an employee of the company who has completed 10 years of service or 40 years of age. It is applicable to all employees and executives, except directors of a company. It must ...
Self-assessment tax is the added tax liability of an assessee on his income after accounting for TDS and advance tax. This should be calculated before filing returns at the financial year end. You cannot submit your returns to the IT Department till ...
The capital gains arising from the sale of property is taxable in the year that it was sold. Hence you would have to take the decision of investing in the new property before you file taxes for that assessment year, else the capital gain would become ...
Steps to Pay Self Assessment Tax Online Step 1: Visit the NSDL website: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Step 2: For Self Assessment Tax payment, click on proceed button of Challan No: 280 as highlighted in red Step 3: ...