House Rent Allowance (HRA) is generally considered as a part of the salaried persons and is generally added in the salary structure to help the individual to save taxes. House rent allowance conclusion is given …
Deduction for Education Fees Paid u/s 80c. Section 80C of personal expense act permits deduction in respect of numerous payments and ventures made. Section 80C permits a deduction for payment of Instruction Fees paid for …
The new income tax system in the name of regime announced in Budget 2020, give an option to people and Hindu Unified Families (HUFs) to be taxed at lower rates in the event that they …
New tax regime under Section 115BAC The Finance Minister Smt. Nirmala Sitharaman has introduced her second Budget on first February 2020. A new optional individual tax conspire has been proposed to vide a recently embedded …
The CBDT ( Central Board of Direct Taxes) as of late gave a roundabout furnishing explanation regarding option under section 115BAC of the Income-tax Act, 1961 Section 115BAC: The recently embedded Section 115BAC of the …
Anticipating your income tax or figuring your income tax liabilities is by all accounts an exceptionally overwhelming undertaking for huge numbers of us. On the off chance that you had confidence in this legend, without …
In the Budget 2020 introduce a new Section 115 BAC for the F.Y.2020-21. This Section 115BAC have an option that you can stay in the Old Tax System along with all the Income Tax Exemptions …
In Budget 2020 has introduced a new income tax slab and new tax rates for Individuals and a HUF. The new tax rate will apply with a condition that no exclusion and finding can be …
The minister of finance remarked in Indian Budget 2020 that she had simplified the income tax structure. Unfortunately, this is far from the truth. What has happened is that the budget has given you another option to calculate your …
Did you get any development salary or arrears of salary? In the event that truly, you may be stressed over the tax ramifications of the equivalent. Do I need to pay taxes on the total amount? …
