In Financial plan 2020 present Another Tax Section U/s 115 BAC which can alternative basis as the taxpayers can give their choice whether they can remain in the Old Tax System where they can get …

Tax planning is an important aspect of a financial plan. Whether you are a salaried individual, an expert or a businessman, you can spare taxes to a certain degree through appropriate tax planning. The Indian …

Planning for your income tax or calculating your income tax liabilities seems to be a very daunting task for many of us. If you believed in this myth, surely the Finance Budget 2020 would prove …

According to the Income Tax Act, 1961, each Indian resident who wins over a certain edge of income is at risk to settle charges. Henceforth, with the draw-down of each financial year, citizens search out …

Improved discretionary Individual tax system is presented with lower income tax rates for the persons who are prepared to forgo many tax refunds. 1. Standard Derivation of Rs 50,000 took into account salaried persons/pensioners. ( …

House Rent Recompense (HRA) is a second segment which is found in every payslip after essential salary. This is the significant contributor in charge alleviation for the worker who dwells in the rented house during …

1) Introduction of a new tax regime in Budget 2020 By now, you probably know the basics of the new income tax regime, but here is a quick recap for you. The new regime comes …

 Possessing a home can be considered as one of the most desirable wishes for the greater part of us. In any case, given the soaring costs of houses in the metros and even in Level …

Salaried representatives form the major piece of the overall taxpayers in the nation and the commitment they make to the tax assortment is very significant. Annual tax deductions offer a gamut of chances for saving …

The income chargeable under the head “Salaries” is registered after making the following deductions under Section 16: 1.         Standard Deduction; 2.         Entertainment Allowance Deduction; and 3.         Professional Tax. 1. Standard Deduction – •           Standard …