Category: Budget-2019

Section 87A Rebate for AY 2020-21. 100% rebate up to income of Rs. 5 lakhs Interim Budget 2019-20 has proposed 100 Percent tax rebate under section 87A of the Income Tax Act 1961 up to  total income of Rs. 5 lakhs. Thus, after considering deduction available under section 80C, …

Interim Budget 2019-20 Highlights of Income Tax Relaxations and Benefits given Union Finance Minister Shri Piyush Goyal has started presenting the Interim Budget 2019 at the Lok Sabha In view of the elections ahead, it was speculated that the Budget would bring increased tax benefits specially for individuals taxpayers. …