A country happily anticipated, for the Finance Minister, a Nari to enable. Enable the white middle class, facilitate the weight on Income Tax, and offer something to cheer the working class. What's more, Presto! Loan costs have been amended. The interest was to change tax pieces, and So be it, it has conveyed.
Sunday, 13 September 2020
Friday, 11 September 2020
Section 80C explained: Did you
realize that Section 80C, under the
Income Tax Act 1961, encourages you to lessen the tax trouble by allowing a
deduction from the total taxable income
in a financial year? Section 80C is a popular decision in the event that you
want an answer to the inquiry: How might I save tax on salary?
Thursday, 10 September 2020
Wednesday, 9 September 2020
1. If you have accrued your salary in a
financial year however got it in an alternate year, then Section 89(1) allows
you to adjust the salary amount.
Tuesday, 8 September 2020
There is a large group of whole legitimate ways of
saving tax under the Income Tax Act, 1961. These include tax-saving mutual
assets, NPS, insurance expenses, medical insurance and many others. In this
article, we spread all the major tax deductions under the Income Tax Act
Monday, 7 September 2020
The
Section 80D contains grants a tax deduction on medical insurance charges and
medical use. It is granted on the expenses paid for a medical insurance
strategy for the taxpayer himself and/or a nearby family member. Section 80D of
Income Tax offers a deduction over and above to the deductions under Section
80C of Income Tax Act
Friday, 4 September 2020
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 asserted. Be that
as it may, the new tax regime for individuals and HUFs are discretionary.
Subscribe to:
Posts (Atom)
