Budget 2019: Changes in Income Tax Rules With Automated All in One TDS on Salary for Govt & Non-Govt Employees for the F.Y. 2019-20 & Ass Yr 2020-21

1. Increased Tax Rebate u/s 87A: For individuals with a net assessable salary of Rs 5 lakh or less the duty discount would be lesser of expense risk or Rs 12,500 whichever is lower 2. The standard deduction for Salaried Read more

Budget 2019 – Rs 1.5 lakh Additional Income Tax deduction on affordable home loans U/s Section 80EEA, With Automated Income Tax Form 16 Part B for F.Y. 2018-19

The Union Finance Minister Nirmala Sitharaman, in her lady Budget discourse on Friday, declared an extra Income Tax finding of Rs 1.5 lakh on reasonable home credits. According to the proposition, annual citizens will get expense refunds of around Rs Read more

New Tax Exemption on Loan for Purchase of Electric Vehicles U/s 80EEB With Automated Income Tax Form 16 Part B for F.Y. 2018-19

In the full Budget, displayed on July 5, 2019, another Section 80EEB was presented which would surrender charge exception to Rs 1.5 Lakhs on intrigue paid for the buy of electric vehicles gave it satisfies certain conditions. Following are the Read more

Additional Home Loan Tax Deduction in Budget 2019 under Section 80EE, With Automated Income Tax Form 16 Part A&B for the F.Y. 2018-19 in new format of Form 16 Part B

Spending limit 2019 proposes the addition of section 80EE to build the advantage of Tax Deduction on the intrigue paid towards home credit up to Rs 45 lakhs for reasonable lodging. The extra duty derivation of Rs 1.50 lakhs is Read more

Highlights of Full Budget 2019, With Automated Income Tax Form 16 Part B for F.Y. 2018-19

Each spending rolls out certain improvements identified with assessment structure, speculations and procedures. This was the same. In this post we rundown down the 19 features of the financial limit and how it would affect us. Pan and Aadhar Interchangeable Read more