As per the latest Central Finance Budget 2018-19 have some changed along with the Income Tax Slab for the Financial Year 2018-19. The Tax Section 80C has also Raised up to Rs. 1.5 Lakh. The Tax benefits who have already get the House Building Loan, they have also good news in this Central Financial Budget 2017-18. Now look how to get tax benefits on paying Rent & taking home loan interest :
Sunday, 20 January 2019
Saturday, 19 January 2019
Buying a house isn’t easy today if you are living in a metro municipality like Mumbai, Pune, or Delhi. It’s nearly untellable to pay the full price of a house unless you have massive savings or an existing real manner that you can resell. This is the reason why most people take home loans, or rather joint home loans.
It might come as amazement yet like medicinal protection you can likewise make a case for protection paid towards anchoring your vehicle, yet here there is a trick and that all has the effect. An extraordinary engine protection guarantee is made for duty exclusion yet protection on engines that are being utilized exclusively with the end goal of business can be asserted for expense purposes.
Thursday, 17 January 2019
Health insurance Plans are important for us which would help to stave upper forfeit hospitalization expenses. We can requirement premium paid for health insurance plan under section 80D. It could for the premiums paid for self or family or for parents, we can require such value from income tax deductions. What is Section 80D all about? How to requirement Health Insurance under Section 80D of the IT Act from Towage Year 2018-19 onwards? Can we requirement 80D without financial year is closed? This vendible would provide the well-constructed guide on Section 80D deductions.
Wednesday, 16 January 2019
Salary Tax breaks for Senior residents
A man ends up senior subject under Wage Expense Act in the wake of accomplishing the age of 60 notwithstanding for one day. When he accomplishes 60 years, his status as senior native in that monetary year and a man whose age is 80 years he turns out to be super senior subjects.
Tuesday, 15 January 2019
1. Eligibility to Claim Rebate Under Section 87A FY 2018-19 (AY 2019-20)
You can claim tax rebate under this provision if you meet the following conditions:
- You must be a RESIDENT INDIVIDUAL; and
- Your Total Income, fewer Deductions, (under Section 80) is equal to or less than Rs 3.5 lakhs.
- The rebate is limited to Rs 2,500. This means that if the total tax payable is lower than Rs 2,500, then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the Education Cess (4%).
Following are a few examples of the 87A rebate allowed to Resident Individuals including Senior Citizens:
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