Income upto Rs 5 Lakh to Get Full Tax Rebate “Additional deductions such as interest on home loan up to Rs.2 lakh, interest on education loans, National Pension Scheme contributions, medical insurance, medical expenditure on senior citizens” Income upto Rs 5 Lakh to get full tax rebate; higher standard deduction proposed Relief of over Rs … Read more
Rates of Income Tax for FY 2019-20 – Finance Bill 2019 RATES OF INCOME TAX – FINANCE BILL 2019THE FINANCE BILL, 2019ABILL to continue the existing rates of income-tax for the financial year 2019-2020 and to provide for certain relief to taxpayers and to make amendments in certain enactments.BE it enacted by Parliament in the … Read more
Interim Budget 2019: No Need to Pay Income Tax up to 5 Lakh Income Tax Exemption for Individuals up to Rs.5 Lakh per annum Finance Minister Piyush Goyal has announced that no need to pay income tax for individuals with income upto 5 Lakh for the financial year 2019-20 Along with the increase the exemption … Read more
Income Tax Circular 2019 – TDS on Income from Pension The post contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2018-19 and explains certain related provisions of the Act and Income-tax Rules, 1962. Due dates for payment of TDS, Mode of Payment … Read more
Income Tax Circular 2019 – Tax Deduction from Salaries with Illustrations Income Tax Circular 2019 – Tax Deduction at Source from Salaries with Illustrations Method of Tax Calculation, Relief When Salary Paid in Arrear or Advance, Income from house property, Adjustment for Excess or Shortfall of Deduction and Salary Paid in Foreign Currency Income Tax … Read more