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Standard deduction refers to a straight reduction of nonexempt financial gain of a payer if he complies with specific conditions. In budget 2018, the govt has re-introduced the quality deduction (Rs.40,000) for each salaried and pensioners. Please follow and like us:0
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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. Having a health insurance policy does not only help cover your medical expenses, but it also gives you relief from tax liabilities.
It is the most asked question by any salaried person and believes me it is very important to know the conditions that when you can claim tax benefits only of HRA or of home loan or both. So below is a comprehensive article covering all aspects of taxation on a home loan with HRA. Please