Budget - Page 4

What this Interim Budget 2019 has for you ???

Happy Budget 2019 !!! The Modi government has come with something for everyone this year and particularly for the middle class people which represents the majority population of India.  Mainly two things shown concerned which are Income Tax rebate for individual and support scheme for farmers.  Synopsis of these budget are as follows: F...

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Posted Under: Income Tax |

Its Change in Tax Rebate, Tax Slab toh vo he hai Sarkar

Finance Minister while presenting the Budget speech has clearly stated that there will not be any Income Tax to the on Income up to Rs 5 lakh, but when Finance Bills came on the records it clear the myth spread on the news media and other websites. As per the Clause 8 of the Bill […]...

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Posted Under: Income Tax |

Highlights of Budgets 2019

HIGHLIGHTS OF INTERIM UNION BUDGET 2019 Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5. Recommendations to GST council for reducing GST rates for […]...

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Posted Under: Income Tax |

ATTENTION!! There Is Only Rebate, No Change in Slab- Budget 2019

On Friday 1, 2019 Finance Minister Piyush Goyal presented much awaited Interim Budget in Lok Sabha. One interesting point in the budget was that instead of giving straight exemption on income of upto Rs. 5,00,000, FM slightly twisted the situation by giving Rebate under section 87A. Let’s understand how: Particulars Situation I  Situat...

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Posted Under: Income Tax |

How Budget 2019-20 Will Boost Demand For FD In India?

Finance Minister Piyush Goyal presented the Interim Budget 2019 today, amidst much speculation and debate. However, the Budget announcements look promising for the rural sector of the economy, the investors, and the salaried. One of the key takeaways of the budget was the hike the government proposed for TDS deduction limit on interest ea...

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Posted Under: Income Tax |

10 Points To Remember In Budget 2019-20

Standard deduction for salaried persons has been increased to Rs. 50,000 from earlier Rs. 40,000. Long term capital gains exemption under section 54 for sell of residential house has been extended to two residential houses from one earlier, for capital gains up to Rs. 2 Crores....

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Posted Under: Income Tax |

Highlights of Interim Budget 2019 or Finance Bill 2019

1. Individual taxpayers with annual income up to 5 lakh rupees to get full tax Rebate. 2. Individual with gross income up to 6.5 lakh rupees will not need to pay any tax if they makes investment in the Provident funds and Prescribed equities. 3. TDS threshold limit on rental income raised from 1.8 lakh to 2.4 lakh rupees....

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Posted Under: Income Tax |

Interim Budget 2019 – Highlights

Interim Finance Minister Piyush Goyal has presented the much awaited Interim Budget also known as a Vote on account Budget. The Major highlights of the Interim Budget are as follows: CHANGES IN TAX RATES Individual taxpayers with annual income up to Rs. 5 lakh to get full tax rebate. Standard deduction of Rs. 40,000 has […]...

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Posted Under: Income Tax |

Summary of Slab & Deductions under Income Tax AY 2020-21

IN THE PREVIOUS ARTICLE , I HAVE LISTED OUT ALL MAJOR DEDUCTIONS FOR AY 2019-20. After Budget 2019 speech , Here is summary of Income Slabs & deductions under Income Tax which will be applicable from 1-4-2020 i.e for AY 20-21 RETURN FILLING. This chart of Deductions & Slab rates will help you to plan […]...

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Posted Under: Income Tax |

बजट -2019 : कर प्रस्तावों पर प्रतिक्रया एवं विवेचन

इस समय की सरकार का आम चुनाव के पहले जो अंतरिम बजट इस समय वित्त मंत्री श्री पीयूष गोयल ने पेश किया उसमें यह तो उम्मीद थी कि आयकर में क...

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Posted Under: Income Tax |

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