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Tax Exemptions/Deductions for House Rent Allowance (HRA) and Section 80GG , With Automated 50 employees Master of Form 16 Part B for F.Y. 2018-19

In case you are in receipt of House Rent Allowance (HRA) from your employer, you may avail exemption from the same while filing your ITR. In case you are not in receipt of HRA and you are paying rent, then you may claim tax deduction under section 80GG of IT Act, 1961 subject to certain

Download Automated Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for F.Y. 2018-19 With Deductions From Salary: Check All Salary Deductions for F.Y.2018-19 & 2019-20

The salary persons always ask from us that tell all the deductions which we can claim from salary for A.Y. 2018-19 & A.Y.2019-20. So we are giving the list of all deductions from salary which you can claim while calculating taxable salary income or net total income after adding other sources incomes. Please follow and

Transport Allowance withdrawn from FY 2018-19/ AY 2019-20, CBDT notifies, With Automated All in One TDS on Salary for Govt & Non-Govt Employees For F.Y.2018-19

Transport allowance is withdrawn by CBDT, i.e. provisions relating to exemption of ‘Transport Allowance’ of Rs. 1,600 pm for salaried individuals/ employees to meet their commuting costs between residence and office, stands withdrawn from 1 April 2019 (FY 2018-19/ AY 2019-2020). It may be noted that reintroduction of Standard Deduction by the Finance Act, 2018

List of Fully Taxable, Partially Taxable and Non-taxable Allowances under the Salary, With Automated TDS on Salary All in One for West Bengal Govt Employees for F.Y.2018-19

The allowance is a fixed monetary amount paid by the employer to the employee (over and above basic salary) for meeting certain expenses, whether personal or for the performance of his duties. These allowances are generally taxable and are to be included in gross salary unless a specific exemption is provided in respect of such

Rebate Under Section 87A for A.Y. 2019-20 with Automated All in One TDS on Salary for Private Employees for the F.Y.2018-19 with latest amended by the Finance Budget 2018-19

Individuals who are residing in India and whose income is below Rs. 3,50,000 are entitled to claim rebate under section 87A. Rebate under section 87A should be 2500 Rs or lesser than the total income tax liability. For example, if the tax liability is more than Rs. 2,500, then rebate will be available to the

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