Breaking News
Loading...
Share It

Wednesday, 26 December 2018

Salary Tax Deductions
Duty finding is a decrease in assessment commitment from your gross assessable pay. Assessment findings are deducted from assessable salary which is otherwise called balanced gross pay. Expense reasoning shifts in sum as various wages are dealt with contrastingly under different areas of salary impose act.

Tuesday, 25 December 2018

A lot of us take a home mortgage to buy the dream domestic. but, we rarely recognize the tax advantages associated with the domestic mortgage. on this publish, I will throw mild on domestic mortgage tax advantages. I will additionally cowl 10 less recognized records which aren't recognised to a majority of people.
Budget 2018: Changes in Tax Rules
1. customary Deduction of Rs 40,000 for Salaried and Pensioners
2. Transport Allowance & Medical compensation No a lot of tax-exempt for salaried
3. Cess hiked from third-dimensional to four-dimensional (renamed as Health & Education Cess)
4. Rs 50,000 interest financial gain for senior voters tax exempted underneath newly introduced Section 80TTB

Thursday, 20 December 2018


Section 80D: Income Tax Deduction for A.Y. 2019-20 | F.Y 2018-19 . Section 80D deduction Relevant for Assessment Year  2019-20/Financial Year 2018-19 as proposed by Finance Bill 2018 | Relevant for Assessment Year  2019-20/Financial Year 2018-19 are given below.
Budget 2018 has been kinder to senior citizens, in order to allow them a "dignified life".  To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.C

Monday, 17 December 2018

There are certain changes to Health Insurance Tax Benefits 2018-19 (AY 2019-20) after the Budget 2018. Many of us have health insurance either from our employer or on our own. However, we forget to claim a few tax benefits. Hence, let us understand these changes in detail.

Friday, 14 December 2018

Section 80D: Income Tax Deduction for A.Y. 2019-20 & F.Y 2018-19 . Section 80D deduction Relevant for Assessment Year  2019-20/Financial Year 2018-19 as proposed by Finance Bill 2018 | Relevant for Assessment Year  2019-20/Financial Year 2018-19 are given below.