From PAN-Aadhaar linking to LTC Scheme, here are 9 financial deadlines expiring in March 2021
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March is the last month of the financial year. There are several deadlines that are expiring at the end of March. Here is the list of important money deadlines that must not be missed.
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March 31, 2021, is the last date to avail the benefit of credit subsidy under the Pradhan Mantri Awas Yojana.
There are several financial deadlines that will expire on March 31, 2021. Here is a list of all the money-related deadlines you should not miss.
1. March 31: Filing declaration to avoid double taxation
Updated Mar 14, 2021 | 13:38 IST
A new section 206AB will be inserted in the Income Tax Act as a special provision providing for a higher rate for TDS for the non-filers of an income tax return. Gratuity, EPF contribution, Income Tax: These rules will impact your pocket from April 1
New Delhi: A number of rules impacting your pockets are set to change from April 1. These changes will affect people in many ways from changes in your salary structure, EPF contribution, LTC vouchers to ITR filing. Since the government is planning to implement New Wage Code Bill 2021 from April 1, your salary may see a huge overhauling.
Updated Mar 11, 2021 | 07:01 IST
The tax benefit on LTA can be claimed on two journeys in a block of four years. The current block is 2018-21 Carry forward LTA or opt for cash voucher scheme: Know which is more beneficial
New Delhi: Due to COVID-19, employees have been avoiding travel and hence been unable to avail the benefit of LTC in the current block of 2018-21. Therefore, the government came out with the leave travel concession (LTC) cash voucher scheme in October last year in order to allow people to claim tax benefits they otherwise would not have been able to claim due to travel restrictions. Under this scheme, employees can claim tax deduction on LTC by spending the money on buying goods and services instead of submitting travel bills. The scheme was initially launched for government sector employees, but was later extended to non-government employees as well.
Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EY
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Budget 2021 could give tax sops to boost spending, extend LTC cash voucher scheme: EYBy Shalini Jain, ET CONTRIBUTORS
Last Updated: Jan 20, 2021, 05:43 PM IST
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In every budget, the government is faced with the task of introducing measures to meet its revenue needs and at the same time cater to the taxpayers expectations for relief from taxes. Given the unprecedented times, the need to balance these requirements is much more than ever in this budget.
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The Finance Minister has indicated that Budget 2021 will be a budget like never before as the government looks to steer the pandemic battered economy and push growth. The FM has also mentioned that investment in health will be the top priority for the government in Budget 2021.