Standard Deduction u/s 16(ia) Amount of Standard deduction u/s 16(ia) increase from Rs. 40,000/- to Rs. 50,000/- for the AY 2020-21. Notional Rent on second self occupied house property exempt from tax u/s 23 Homeowners will not be required to pay …
Say No tax – If your Taxable Income is up to Rs 5 lakh. Gross Annual Income = ₹ 6.5 lakh Deduction U/s 80C = ₹ 1.5 lakh Taxable Income – ₹ 5.0lakh Income Tax Slab Rate for AY 2020-21 …
Tax Rate : Partnership Firm For the Assessment Year 2019-20 & 2020-21, a partnership firm (including LLP) is taxable at 30%. Add: Â a)Â Â Surcharge:Â The amount of income-tax shall be increased by a surcharge at the rate of 12% of such …
Tax Rates In case of a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year) Assessment Year 2019-20 Taxable Income …
Tax Rates in case of an Individual/HUF/AOP/BOI Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Assessment Year 2019-20 Taxable Income Tax Rate Up to Rs. 2,50,000 Nil …
In India the labour revolution started in 1877 when various measures taken by government, social reformers and enlightened employers to improve the workers situations whereas the trade union revolution was started in 1918 when the workers formed their association to …
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Resident: Local authorities and artificial juridical persons would be resident in India if the control and management of its affairs are situated wholly or partly in India. Non-resident: Where the control and management of the affairs is situated wholly outside …
For Numerical – Refer to Youtube Channel. For Complete Course or Book (Videos on provisions, Numericals, Tests, Guidance, etc) – CONTACT US-
