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The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. Gazetted officers are appointed from Indian Revenue Service (Income Tax) of Union Public Service Commission while non-gazetted officers are recruited by Staff Selection Commissio
Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
The Chinese Communist Party (CCP), [3] officially the Communist Party of China (CPC), [4] is the founding and sole ruling party of the People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil War against the Kuomintang. In 1949, Mao proclaimed the establishment of the People's ...
The Dearness Allowance (DA) is a calculation on inflation and allowance paid to civil servant employees (alongside public sector enterprises’ employees as public sector unit employees are also government employees but not civil servants), some private sector employees and civil servant pensioners in India. Dearness Allowance is calculated as ...
These centers are established by NSDL, an appointed intermediary by the Central Government, across India. TAN is required to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. TDS/TCS returns will not be accepted if TAN is not quoted and challans for TDS/TCS payments will not be accepted by ...
The Sixth Central Pay Commission was convened by the Union Cabinet of India on 5 October 2006. [1] : p 28 The Pay Commission was headed by B. N. Srikrishna. The other members of the Commission were Ravindra Dholakia, J. S. Mathur, and Member-Secretary Sushama Nath. [2]: para 1.1.5. The Sixth Central Pay Commission submitted its report to the ...
The Congressional Progressive Caucus (CPC) is a congressional caucus affiliated with the Democratic Party in the United States Congress. [6] The CPC represents the furthest left faction of the Democratic Party. [4][7] It was founded in 1991 and has grown since then, becoming the second-largest Democratic caucus in the House of Representatives.