Income-Tax Kapat Babatno Paripatra Dated on 11.11.2020

Income-Tax Kapat Babatno Paripatra Dated on 11.11.2020

Employees/officers whose income is eligible for income tax during the financial year 2020-21, they have to submit their income as well as details of savings/investment in the accompanying form.  This is stated to be sent in the relevant cash-1 or cash-2 branch of the department by 20-11-2050 in such a way that it can be found accurately.  The following two options are given for the calculation of income tax for the year assessment year 2021 (The financial Year 2020-21).  

Option - “A” - (New Option) Option - “B” - (Old Option) Income tax without any exemption or deduction.  (U / s 115 BA c) Calculated Total Income (2) Tax Rate Total Income (3) Tax Rate up to Rs.  4,50,000 to 5,00,000 4% 2,00,001 to 2,50,000 10% 4,00,001 to 10,00,000 50% 4,50,001 to 10,00,000  15% more than 10,00,000 30% 10,00,001 to 12,50,000 20% 15,50,001 to 14,00,000 4% 15,00,000 more than 30%> with  If the sample self-assessment statement is not received by the said date, after deducting their income, assuming that they have not made any savings, deductible income tax will be deducted on a monthly basis for the period from December 2020 to February 2021.  > Employees / officers will have to invest the savings as shown in the self-assessment statement during the current financial year.  If they fail to do so, they will have a personal responsibility.

 If additional income tax has to be deducted by the employee/officer due to a change in savings, it will be deducted from the salary bill of the concerned employee officer for the month of February 2021.  3.  Direct Recruitment Class-III and Class-III employees who are on temporary duty at the Establishment of the Minister, who have Income Tax PAN as well as those who file returns regularly, as well as those whose total annual income is Rs. 2,50,000 / - or more  Employees who have Form no.  - To get 12, their self-assessment statement has to be sent to the cash-1 / cash-2 branch within the stipulated time limit.  Employees whose Self Assessment Statement is not available here, Form no.  - 12 will not be entitled to receive.  .  It has also come to the notice of the department that some employees/officers say that they will save/invest, but in fact, such investment is not made by them, which is a very serious matter.  Due to the non-deduction of income tax-deductible for this reason, the withdrawal and distribution officer of the department is responsible, but at the same time, the concerned officers/employees are also indirectly responsible.  

In order to avoid the above circumstances and not to face the causal notice of the Income Tax Department, the employees/officers who have to submit their proof of savings before the withdrawal and distribution officer of the department by 15-9-2021, otherwise they have not saved or invested.  Assuming that, the deductible will be deducted from the salary of February 2021 for the income tax-deductible.  Employees / Officers who have a gross gross income of Rs.  To be sent.  In addition, employees/officers who have not obtained the Permanent Account Number (PAN) will have to obtain PAN immediately and submit the proof in writing to the concerned cash branch.  In addition, the employees/officers who have obtained PAN should immediately submit a Xerox copy of their PAN CARD to the concerned cash branch, otherwise they will not be given Form No.16.  

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