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 …
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 …
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 …
Section115BAC is the newly inserted section in the Income Tax Act, 1961 that deals with the new income tax regime. This section and alternate tax regime was introduced in Union Budget 2020 and are applicable …
The year 2020 has brought a totally new experience to the humankind and made us realized our true status against nature. All inventions and developments made by mankind are useless against nature and its power. …
The tax season is here and I started getting emails and comments asking “best tax-saving investments”. Unfortunately, there is no direct answer to this. Therefore, the best investments are different for different people and combine …
Would I be able to claim Tax Benefit for both HRA and Home Loan? – An inquiry which is frequently posed by numerous taxpayers. This is essentially in light of the fact that numerous businesses …
The Finance Minister mentioned in his 2020 budget speech that he 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 …
