INCOME TAX CHANGES EFFECTIVE FROM TODAY 5 INCOME TAX CHANGES EFFECTIVE FROM TODAY
5 INCOME TAX CHANGES EFFECTIVE FROM TODAY
5 INCOME TAX CHANGES EFFECTIVE FROM TODAY
5 INCOME TAX CHANGES
EFFECTIVE FROM TODAY
Rebate on taxable income between Rs 2.5 lakh and
Rs 5 lakh.
Earlier Income Tax beyond Rs 2.5 Lakh used
to be taxable. From Today the person having income
upto 5 lakh will not have to pay tax. For Rebate the
person have to file IT-Returns.
REBATE
STANDARD
DEDUCTİO
Standard Deduction is from Rs 40,000 to Rs
50,000.
TDS ON
INTEREST
INCOM E
TDS threshold on interest earned from the bank
deposits has been increased from Rs 10,000 to
Rs 40,000
TDS threshold for the deduction of tax on rental
income has been increased from 1.80 lakh to
2.40 lakh.
TDS ON
RENT
Income Tax on notional rent on the second self
occupied house is exempted.
PROPERTY
InCFO
5 INCOME TAX CHANGES EFFECTIVE FROM TODAY
5 INCOME TAX CHANGES
EFFECTIVE FROM TODAY
Rebate on taxable income between Rs 2.5 lakh and
Rs 5 lakh.
Earlier Income Tax beyond Rs 2.5 Lakh used
to be taxable. From Today the person having income
upto 5 lakh will not have to pay tax. For Rebate the
person have to file IT-Returns.
REBATE
STANDARD
DEDUCTİO
Standard Deduction is from Rs 40,000 to Rs
50,000.
TDS ON
INTEREST
INCOM E
TDS threshold on interest earned from the bank
deposits has been increased from Rs 10,000 to
Rs 40,000
TDS threshold for the deduction of tax on rental
income has been increased from 1.80 lakh to
2.40 lakh.
TDS ON
RENT
Income Tax on notional rent on the second self
occupied house is exempted.
PROPERTY
InCFO
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