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Showing posts with label Automated Income Tax Revised Form 16 Part B for F.Y. 2019-20. Show all posts
Showing posts with label Automated Income Tax Revised Form 16 Part B for F.Y. 2019-20. Show all posts

Thursday 23 April 2020


The repayment of Home Loan comprises of 2 components i.e. Repayment of Principal and Repayment of Interest. As the repayment comprises of 2 different components, the tax benefit on a home loan is governed by different sections of the Income Tax Act and these are claimed as tax deductions under different sections while filing the Income Tax Return.

Saturday 21 March 2020


How to do Income Tax The calculation for FY 2020-21? Which Tax Structure to Select?

According to Taxplan 2020, you can't guarantee any assessment reasoning or exclusion on the off chance that you intend to pick a new Income Tax Slab. Along these lines, as an individual citizen on the off chance that you settle on the new assessment system with a decrease charge rate, you have to do without all tax cuts accessible today. Luckily, you have an alternative to proceeding with old duty structure. A salaried individual can switch among old and new assessment structure.