How to save Income Tax on Income from salary for Individuals

how-to-save-income-tax-on-i

There is a large group of whole real methods for sparing assessment under the Income Tax Act, 1961. These incorporate assessments sparing common assets, NPS, protection premiums, therapeutic protection and numerous others. In this article, we spread all the real expense derivations under the Income Tax Act: 1. Go through your Rs 1.5 lakh limit under Section 80C The beneath…

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Income Tax standard deduction for FY 2019-20

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New Year and new budget preparation. So what will 2019 bring in new for us? Well, a new budget plan. Budget preparation is already going on in a full swing and it seems everyone is waiting with their eyes wide open to know about the upcoming budget plan which is going to be announced on 1st February 2019 by our…

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Want to know about the deduction from the salary for the upcoming income year 2019-2020?

want-to-know-about-the-deduction-from-the-salary-for-the-upcoming-income-year-2018-2019

The Finance Minister, in Budget 2018, has not gotten the much-expected changes in assessment pieces. Nor has he amended on Section 80C concerning the raising cutoff points for the individual citizens. Nonetheless, the salaried class still have something to celebrate about after the financial plan.   He has proposed to reintroduce the ‘Standard Deduction’ of Rs 40,000. What is a…

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