Budget 2018 has been kinder to senior citizens, in order to allow them a “dignified life”. To begin with, tax exemption of interest income from bank deposits has been raised to Rs 50,000 from the current Rs 10,000.C
What is the Maximum Income Tax I can save for this Year (FY 2018-19)? A question I am often asked. Tax laws keep changing year on year, especially in Budget. In this post, we summarize all the tax saving sections
As per the Central Finance Budget 2019-20, some section of the limit of deduction enhances by this Finance Budget 2019. (1) No changes in Income Tax Slab Rate as the same just previous Financial Year. ( 2) New Standard Deduction Limit has extended up to Rs. 50,000/- (3) The Limit of Section 87A Tax Rebate also
Going by the Budget 2019 proposals, a salaried individual with gross total income up to Rs 7.75 lakh can invest in various tax saving avenues and avail of different deductions to reduce taxable income to Rs 5 lakh and consequently pay no tax for FY2019-20. Such a person would be saving tax of Rs 15080
In this article, we are going to discuss concerning deduction below section 80E for interest on the loan is taken for pedagogy. Summary of 80E deduction like who will get the deduction of Section 80E, what’s deduction 80E, eligibility and alternative vital data.