As the Income Tax Slab has already changed by the Finance Budget for the Financial Year 2017-18. 

Tax Rate up to Rs. 2.5 Lakh is NIL

Below Taxable Income 5 Lakh the Tax Rate @ 5% instead the previous financial year 2016-17 was @ 10%. Who's Taxable Income above 5 lakh the rate of Tax @ 20% below 60 years age.

The Income Tax Rebate has also reduce from 5 thousand to Rs. 2.500/- who's Taxable Income below 3.5 Lakh they can get this Tax Rebate. Other Section like as 80C has no changed in this Financial Year 2017-18.

On February 23, 2018 by www.taxexcel.net

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If you are living in a rented house and using any fake documents for HRA claim then be careful.

Because from now on there will be a big trouble for those who are using fake rent receipts to claim HRA, as Income tax department have started asking for more document.

On November 02, 2017 by www.taxexcel.net

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Do you get HRA as part your salary? If yes, then it’s critical for you to understand how the HRA exemption amount is calculated? How to calculate HRA? And various other things related to housing rent allowance.

On August 31, 2017 by www.taxexcel.net

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