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Showing posts with label Automated Form 16 for F.Y.2018-19. Show all posts
Showing posts with label Automated Form 16 for F.Y.2018-19. Show all posts

Saturday, 13 October 2018

This Deduction was introduced in the budget of 2018. Because of this deduction, the people who earn a monthly salary can claim a fixed deduction of Rs.40 thousand from their total income. It results in the reduction of tax liability. Because of this deduction, the income tax can reduce up to Rs.12,000.