Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April 2019 (FY 2018-19/ AY 2019-2020). It may be noted that reintroduction of Standard Deduction by the Finance Act, 2018 has resulted in getting transport allowance withdrawn.
Thursday, 13 December 2018
Wednesday, 12 December 2018
Tax planning is overwhelming for most of us. With the complex network of various sections, sub-sections, and provisions, it is crucial to completely understand tax provisions are applicable to you, and what can work for or against you. If you are losing your sleep over your taxes, look no further. We bring to you a complete guide to tax exemption for the financial year 2018-19.
Tuesday, 11 December 2018
Sunday, 9 December 2018
Monday, 3 December 2018
Sunday, 2 December 2018
There square measure many revenue enhancement deductions that a payer will claim to avoid wasting revenue enhancement. Some square measure applicable to salaried staff and a few square measures applicable to business people. several people don't understand a number of the revenue enhancement saving choices that we are able to claim per annum. If you're searching for a comprehensive list of revenue enhancement Deductions to avoid wasting revenue enhancement from the year 2018-2019 ahead, this text is for you. this text additionally provides a list of revenue enhancement deductions that be claimed in FY2018 beside the relevant IT section, eligibility and therefore the most limits.
Thursday, 29 November 2018
Home credits are qualified for tax cuts under three areas of the Pay Assessment Act. Your home credit comprises of two parts: Chief and Intrigue. You might be qualified to guarantee tax reductions for these parts dependent on specific criteria. Right off the bat, you should be the proprietor or a co-proprietor and co-borrower on account of joint home credits.
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