Efile ITR-2

How To Efile ITR-2 Online AY 2019-20 Efile ITR-2 Online AY 2019-20. In this article you will also learn how many heads will have in ITR-2 Efiling.Let us discuss them and learn how to file ITR-2 using java utility for AY 2019-20 Prerequisites of Efiling ITR-2 if you have income from more than one house […]

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Efile ITR-1 Java Utilïy

How To Efile ITR-1 Java Utility AY 2019-20 Efile ITR-1 using java utility  AY 2019-20. There are three ways to efile your income tax return: Efiling ITR online File Income tax return using java utility And file ITR using excel utility In this article you will learn how to efile income tax return ITR-1 offline […]

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How To Efile Income Tax Return Online

How To Efile Income Tax Return(ITR-1) Online AY 2019-20 After completion of every financial year,each tax payer has to efile income tax return online for AY 2019-20. Before you file your ITR online for FY 2018-19 and AY 2019-20,you must have the following documents: Form no. 16. UID no. Saving bank acounts with IFSC code. […]

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Section 80CCD(1B)

Additional Income Tax Deduction U/S Section 80CCD(1B) FY 2019-20 Tax payers who comes under NPS,can get additional income tax deduction of rs. 50,000 under section 80CCD(1B). If you are a govt. Employee and an NPS subscriber,then 10% of your basic pay and DA goes directly to national pension scheme account in terms of PRAN no. […]

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Income Tax Benefit Under NPS

Income Tax Benefit Under NPS (Sections 80CCD(1),80CCD(2),80CCD(1B) 2019-20 In order to take income tax benefit under NPS,you must have knowledge about sections 80CCD(1),80CCD(2),80CCD(1B). As per new pension scheme (NPS) 2019,you can take income tax benefit under NPS as deduction of rs up to 2 lakhs under sections 80CCD(1),80CCD(2),80CCD(1B). Section 80CCD(1) Firstly,let us understand section 80CCD(1). According […]

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Tax Benefit On Personal Loan

Take Huge Tax Benefit On Personal Loan FY 2019-20 According to Income tax act,you can take huge tax benefit on personal loan for fy 2019-20. The condition is that the personal loan you have taken,must be used for the following purposes: For the purpose of construction of a residential building,house. For business For purchase of […]

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Income Tax Rebate U/s 87A

Income Tax Rebate Under Section 87A Of Income Tax Act FY 2019-20 Rebate under section 87A: There is a change in income tax rebate under section 87A of income tax act for fy 2019-20. If your total income (Gross income – saving) is 5 lakhs. You can get income tax rebate of rs. 12,500 under section […]

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Section 80D FY 2019-20

Income TAX Benefit  Of Health Insurance  Policy  Under Section 80D FY 2019-20 Health Insurance Tax benefits fy 2019-20: for assessment year 2020-21,you can take income tax benefits against the Heath premium,you pay for self,spouse, and dependent children  and your parents, under section 80D fy 2019-20. In today’s costly world,you must have a health insurance policy for […]

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Income Tax Slab Rates FY 2019-20 AY 2020-21

Income Tax Slab Rates For Govt. Employees FY 2019-20 AY 2020-21 Budget 2019 has provided cheerful moments for govt. employees.we have thoroughly analysed the new income tax slab rates fy 2019-20 with examples below. Budget 2019 key features Persons having  gross total income up to rs. 500000,need not to pay any tax. Standard deduction increased from […]

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