Tag: Advance Income Tax Calculator for A.Y.2019-20

Income Tax exemption is a monetary exemption that reduces the taxable income of an individual. This decreases total taxable income and reduces the amount of income tax you would have otherwise paid. Deduction under chapter …

Medical and Transportation Allowances Subsumed into Standard Deduction Standard Deduction: Budget 2018 has not cheered the Salaried Class at all, neither the tax slab is changed nor the deduction limit under section 80C is hiked. The …