Yesterday, our Finance Minister Mr. Piyush Goyal presented an interim budget for 2019-20. In the budget presented by him, he proposed to grant full tax rebate on Taxable Income up to Rs. 5,00,000. It is a rebate and not an exemption.
Following changes have been proposed to be implemented from FY 2019-20 for individual Tax Payer perspective.
For Whom? - For people who get an HRA component in their salaries. It can be claimed by an individual tax payer or an HUF. House Rent Allowance is given by employers to their employees to meet expenses if you are living in a rented space. HRA in salaries is claimed under section of income … Continue reading House Rent Allowance (HRA) Taxability & Calculation
In this article you will find the interest rates provided by major banks in India on the recurring deposit (RD) facility provided by them. In Tax-Saver Fixed Deposit both the tenure and the interest rate for the tenure are fixed.
A Bank Fixed Deposit is a financial instrument provided by banks. It is also known as a Term Deposit.