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 y...
Budget 2019: Standard deduction increased to Rs 50,000 from Rs 40,000
Finance Minister Piyush Goyal, in the interim budget 2019 proposes to h...
ITR forms for FY18-19 notified: Ask for days of residency, unlisted shares holding
Number of days of residency in India, holding of unlisted shares are new details to be filled in by the taxpayers.
Watch: Standard deduction increased to Rs 50,000 from Rs 40,000
Finance Minister Piyush Goyal, in the interim budget 2019 proposes to hike the standard deduction limit to Rs 50,000 from Rs 40,000, current...
Budget 2019: No marginal relief for taxpayers whose taxable income exceeds Rs 5 lakh
The marginal increase in income above Rs 5 lakh will result in more tax outgo than the incremental increase in income
How reachable is zero-tax income level of Rs 5 lakh using deductions, exemptions?
For Rs 9.75L earners it will be difficult to claim deductions without drastic cuts in lifestyle.
Budget 2019: Income up to Rs 5 lakh can pay zero tax but still need to file ITR
If you are earning anything above these exemption limits annually, then you need to file your ITR.
Budget 2019: Nine things you need to know about personal tax
If you are a resident taxpayer earning taxable income (after all applicable deductions) up to Rs 5 lakh, you will get full tax rebate.
Budget 2019: What happens to your taxes now
What about the others, I.e., those earning more than Rs 5 lakh? Do they stand to gain anything? Pick the case study nearest to your annual salary to determine the Budget impact.
Budget 2019: Josh is high, but tax savings are low for the middle class
The increase in standard deduction will translate into a minor saving for those in the upper tax brackets.
Budget 2019: Income tax highlights
The interim budget had a lot of good news for many taxpayers. So, here is a rundown of the most important tax changes announced in the Budget.
How a salaried person with income up to Rs 7.75 lakh can now pay zero tax
As per Budget, individuals with annual income up to Rs 5 lakh will get full tax rebate under section 87A.
Budget 2019 gives little to the rich, a lot to low income group: Here’s who gains and how much
The bigger gainers are all individuals with net taxable income up to Rs 5 lakh who will not have to pay any tax as per Budget 2019 proposals.
Finance Bill 2019 becomes Act: President okays interim Budget 2019
Tax deducted at source (TDS) threshold for interest income to be increased from Rs 10,000 to Rs 40,000 per financial year.
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