In Budget 2019, the Finance Minister has declared an additional advantage on Home Loan. Presently, you will get more expensive finding on your home credit intrigue. At present, you are qualified for assessment reasoning up to Rs. 2 lakh on home advance intrigue. The legislature has upgraded it up to Rs. 3.5 lakh under New Section 80EEA. This reasoning is material since first April 2020.
Showing posts with label Budget 2019. Show all posts
Showing posts with label Budget 2019. Show all posts
Wednesday 11 September 2019
Thursday 15 August 2019
Tuesday 16 July 2019
The
Union Finance Minister Nirmala Sitharaman, in her lady Budget discourse
on Friday, declared an extra Income Tax finding of Rs 1.5 lakh on
reasonable home credits.
According
to the proposition, annual citizens will get expense refunds of around
Rs 3.5 lakh on home credits of up to Rs 45 lakh obtained upto March 31, 2020.
Saturday 2 March 2019
The Major changes within the income tax is as beneath in the Finance Budget 2019.
1. No modification in revenue enhancement slabs
2. No changes in deductions out there to people
3. Normal deduction for salaried staff has been projected to be inflated to Rs 50000 from Rs 40000
4. Rebate from revenue enhancement has been allowed most up to Rs 12500 u/s 87A to assessee having the financial gain up to Rs 500000/-.
Tuesday 26 February 2019
Monday 4 February 2019
As per the Central Finance Budget 2019-20, some section of the limit of deduction enhances by this Finance Budget 2019. (1) No changes in Income Tax Slab Rate as the same just previous Financial Year. ( 2) New Standard Deduction Limit has extended up to Rs. 50,000/- (3) The Limit of Section 87A Tax Rebate also hike from 2500/- to 5000 who's taxable income less than 5 Lakh. (4) Hike the tax exemption U/s 80TTA from Rs. 1000/- to 40,000/-
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