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.
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
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.
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