Section
80E allows deduction in respect of payment of interest on loan taken from any the financial institution or any approved charitable institution for higher
education for the purpose of pursuing his higher education or for the purpose
of higher education of his spouse or his children or the student for whom he is
the legal guardian.
Showing posts with label Automated Income Tax Form 16 Part A&B for A.Y. 2020-21. Show all posts
Showing posts with label Automated Income Tax Form 16 Part A&B for A.Y. 2020-21. Show all posts
Sunday, 19 January 2020
Tuesday, 19 November 2019
Saturday, 9 November 2019
1.
Rebate under
Section 87A changed from Rs 2,500 to Rs
12,500 or 100% of income tax (whichever is lower) for individuals with income
below Rs 5 Lakhs (from Rs 3.5 Lakhs)
3.
Increased Tax for the super-rich: Surcharge
increased to 25% for income between 2 to 5 crore & to 37% for income beyond
Rs 5 crores
4.
Additional Tax Deduction of Rs
1.5 lakhs u/s 80EEA on home loans on purchase of the affordable
home
5.
Additional Tax Deduction of Rs
1.5 lakhs u/s 80EEB on Auto loans on purchase of Electric vehicles
6.
No Tax on Notional Rental Income
from Second House
7. TDS
threshold increased from Rs 10,000 to Rs 40,000 on Bank
Interest Income
Friday, 8 November 2019
1.
Rebate under
Section 87A changed from Rs 2,500 to Rs
12,500 or 100% of income tax (whichever is lower) for individuals with income
below Rs 5 Lakhs (from Rs 3.5 Lakhs)
Tuesday, 15 October 2019
Monday, 14 October 2019
Saturday, 21 September 2019
Friday, 20 September 2019
Saturday, 7 September 2019
Thursday, 5 September 2019
Wednesday, 21 August 2019
Sunday, 28 July 2019
Thursday, 25 July 2019
Thursday, 30 May 2019
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