Income Tax standard deduction for FY 2019-20


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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Rs. 75 coin coming soon as notified by Finance Minister


The Government declared that it will disclose the Rs 75 coin on the event of 75th commemoration of lifting the Tricolor by Netaji Subhash Chandra Bose at Port Blair. A notice regarding the same has been issued by the Ministry of Finance.   “The coin of seventy-five rupees will just be instituted at the Mint for issue under the expertise…

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


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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