Section 80C of Income Tax Act, 1961 discussions about findings of tax. The Section 80C straightforwardly lessens the taxable income due to the section 80C the tax obligation descends definitely. A large portion of the individual appreciates the products of section 80 C straightforwardly or by implication. The greatest refund of Tax is up to Rupees 1.5 Lakh. Directly a person who is under 60 years and his income is Rupees 2.5 lakh or less is excluded from paying tax however through section 80C exceptions can be expanded up to…
Tag: Income Tax Revised Form 16 Part B for F.Y. 2019-20
Automated Income Tax Master of Form 16 Part B with Form 12 BA for F.Y. 2019-20 With Tax Benefits from Pension Fund U/s 80CCD(1), 80CCD(2) and 80CCD(1B)
NPS has two Tiers – 1 and 2. NPS Tier 1 is the long haul speculation, which has limited withdrawals and implied essentially for retirement arranging. On development, you can pull back limit of 60% of corpus as lump sum and rest must be utilized for annuity buy. NPS Tier 2 is for overseeing short to medium term venture. You can contribute and pull back whenever according to your desire. This is a discretionary element and you are inquired as to whether you need Tier 2 record while opening NPS.…
Download Automated TDS on Salary All in One for the West Bengal Govt Employees for F.Y. 2019-20 With Health Insurance Tax Deduction F.Y 2019-20 U/s 80D
Medicinal inclusion (or) Mediclaim assurance is a flat out need have for all. Considering the rate at which therapeutic costs are rising, it is fundamental to have satisfactory remedial insurance incorporation. The remedial development in India is growing at an immense rate, for all intents and purposes 12% to 15% year on year. Henceforth, it is essential to have an adequate prosperity spread, it is altogether progressively critical for senior occupants. Non appearance of therapeutic inclusion can get out your speculation reserves. Having satisfactory consideration will shield you and your…
Download Automated TDS on Salary All in One for Govt and Non-Govt Employees for F.Y. 2019-20 With Income Tax Section 80DD & 80DDB for F.Y. 2019-20
Section 80DD :- You can avail Exemption as much as Rs 75,000 for spending on medical treatments of your dependents (spouse, parents, youngsters or siblings) who have 40% disability. The tax deduction limit of upto Rs 1.25 lakh in case of intense disability can be availed. Section 80DDB : An individual (less than 60 years of age) can claim upto Rs 40,000 for the remedy of specified essential ailments. This can also be claimed on behalf of the dependents. The tax deduction restriction beneath this section section for Senior Citizens and very Senior Citizens (above 80 years) has been revised to Rs 1,00,000 w.e.f. FY 2018-19 and on-wards. Download All in One TDS on Salary for Govt and Non-Govt Employees for…