When a new tax regime
was reported in Money Bill, 2020
people got inquisitive and began calling their specialists to ask what
tax regime they ought to pick and what is the new tax regime and is it
for
everybody or not.
Saturday, 22 August 2020
Friday, 21 August 2020
From F.Y 2020-21, you can decide to pay income tax
under an optional new tax regime. As per Income Tax Section 115 BAC, the new tax
regime is allowable for people and HUFs. Poor tax slab has no deductions or exclusions
is the key element. Arrangements of the new tax regime are secured under section
115BAC.
Tuesday, 18 August 2020
Section 80C of Income Tax Act, 1961 discussions about
findings of tax. The Section 80C straightforwardly lessens the taxable income
due to the section 80C the tax obligation descends definitely.
Thursday, 13 August 2020
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
under section 10(13A) of the Personal Tax Act as per Rule 2A of the Annual Tax
Rules.
Wednesday, 12 August 2020
Deduction for Education Fees Paid u/s 80c. Section 80C of
personal expense act permits deduction in respect of numerous payments and
ventures made. Section 80C permits a deduction for payment of Instruction Fees
paid for the Training of Children. Any person who has paid Training Fees for his
Children are permitted to guarantee this deduction under Section 80C. As of late,
we give Total subtleties to Do NRIs need to record Return of pay in India?.
Monday, 10 August 2020
Hello Everyone!!
I always share the Income Tax
related post. but this time I am sharing a post on a different topic i.e related to Health. The video I am sharing here has attracted me as it's related to
Belly Fat reduction, which is now a day a very concern topic.
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