Here are the latest income tax slabs and rates
Given below are the latest income tax (I-T) slabs applicable for financial year 2018-19 (assessment year 2019-20).
Budget's impact on individual taxpayers
Read on to find out the impact of the announcements of this year's Budget on the taxpayer .
Budget 2018: Finance minister Arun Jaitley leaves rich poorer, poor not much richer
Arun Jaitley reintroduced standard deduction which was sc...
Budget 2018: Are you richer or poorer? Here's the bottomline
The biggest gain from this is for someone at an income of just above Rs 10 lakh a year. With tax and cesses, such a person would now be paying Rs 1,15,875.
Budget leaves individual taxpayers peeved
To provide some relief to salaried taxpayers, Finance minister Arun Jaitley proposed a standard deduction of Rs 40,000.
Budget 2018: 10 personal finance highlights not to be missed
What Jaitley giveth, he also taketh away. Today's budget gives the salaried Rs 40K standard deduction, but takes away other allowances like medical.
Budget 2018: Extra 1 per cent cess to hit top 1 per cent taxpayers
The additional 1% education cess on tax proposed in the budget will push up the overall tax of the top 1% of Indian taxpayers.
Budget 2018: What income tax changes to expect from FM Jaitley today
Here is a look what the middleclass taxpayer can expect from Budget 2018.
LTCG tax, other Budget proposals to kick in from Sunday
A number of tax proposals that were part of the Union Budget will come into effect from the start of the next financial year. Here's a complete list.
Union Budget 2017: Why salaried class deserves standard deduction
Unlike self-employed individuals, salaried workers only enjoy a few tax free allowances, the quantum of which has clearly not kept pace with inflation.
Modi's next big tax reform after GST could be for the salaried class
Centre is looking at a mega reform to ease salary structures and give a "generous" standard deduction in the form of tax-free expense.
Government must undo Chidambaram's injustice and bring back standard deduction for salaried
Chidambaram withdrew the standard deduction on the grounds that there was an equivalent increase in basic exemption limit and in 80C deductions.
5 smart things to know about income from property
Income from property is taxable on the basis of annual value—the amount for which the property might be reasonably be expected to be let out from year-to-year.
Tax optimiser: By paying rent to father, Sirohi's HRA can become tax-free
The benefit is available only to a salaried individual who receives HRA as a part of his salary and is staying in rented accommodation.
Revisit standard deduction
Back in 2009, the Supreme Court had to determine whether a company needs to collect evidence that its employees have utilised their LTA claims.
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