Does pension from EPFO qualify for standard deduction?
"The pension received from EPFO is taxable under the head salary and it will qualify for the standard deduction. "
Can I claim standard deduction from pension received from EPFO?
"The standard deduction of up to Rs 50,000 is available for income from salar...
Is the LIC annuity from employer superannuation scheme eligible for standard deduction?
Dilip Lakhani, Senior Chartered Accountant, answers q...
Budget 2019: Why salaried Indians need a big hike in standard deduction
Although the standard deduction was further increased to Rs 50,000 in the 2019 interim budget, this still seems inadequate if you look at the exemptions available to a consultant.
Am I eligible for deduction on home loan interest paid while constructing a house?
To claim the deduction on the interest paid on home loan taken for constructing a house, there are some conditions to be satisfied.
Salaried Indians don’t need big hike in standard deduction, says finance ministry
The purpose of the article was to bring about the stark contrast between the two income-earning classes, not to question the expenses legitimately allowed to consultants.
How to file ITR 1 with salary, home loan and other income for FY 2018-19
In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
Income Tax changes introduced by Modi government in last 6 budgets
Here is a look back at the various income tax changes introduced by the Modi government in their first term.
What skilled professionals expecting from FM Sitharaman's budget
A hike in the standard deduction or a reduction in the income tax slab? ET Online asked skilled professionals in Delhi-NCR about their expec...
How to fill income from other sources in ITR-1 for FY 2018-19
This year filling details under the head 'Income from other sources' in ITR-1 form will be different from last year as you are required to give detailed break-up.
Budget 2019: Standard deduction limit hiked to Rs 50,000
This move will bring more tax savings for the salaried class. Prior to the Budget, there were rumours that the Narendra Modi government was looking at options to give income tax benefits to the middle class.
How to fill salary details in ITR-1 for FY 2018-19
Unlike last year, you don't have to collect salary slips as ITR-1 and Form-16 are now synchronised, making it easier to fill in your details.
How Modi govt's 2nd term may impact your money and what full budget 2019 may bring
Here are 8 ways in which Narendra Modi's second term in power can impact your finances.
I-T dept revises format of TDS certificate issued by employers
Among other things, the revised Form 16 will also include details of deductions in respect of interest on deposits in savings account, and rebates and surcharge, wherever applicable.
All the new details required in income tax return forms for FY18-19
The ITR forms for the assessment year 2019-20 are out. Know the changes you need to watch out for.
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