New Income Tax Slab Rates For FY 2018-19 AY 2019-20

Income tax Slab for salaried employees FY 2018-19 New Income Tax Slab Rates will take effect from 1st April 2018. Finance minister arun jaitley has proposed major changes in Budget 2018-19. Although Deductions under section 80C remained unchanged at rs 150,000. Major Changes in BUDGET 2018 Standard deduction of rs 40,000 for all employees and […]

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Section 80U For Physically mentally Disabled Persons 2018-19

Section 80U : Income Tax Benefit For Physically And mentally Disabled Persons One can take income tax benefit under section 80U if he/or she is either physically or mentally disabled. But he/she should be himself/herself disabled. Percentage of Disability : Taxpayer must have minimum 40% disability.And he/she must have disability certificate from a chief medical officer […]

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National Pension Scheme Contribution Section 80CCD

Section 80CCD:Benefits Of National Pension Scheme Contribution Section 80CCD deals with those emoyees or taxpayers who are subscribers in NPS(New Pension Scheme). 80CCD section is splitted into three sections: Section 80CCD(1),80CCD(2) And  80CCD(1b). Section 80CCD(1):  All the employees who had joined service on or after 1st april 2004 come strictly under NPS in general and […]

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