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.
7 benefits for Income Tax Payers in Budget 2019 | Explained with Examples
Following changes have been proposed to be implemented from FY 2019-20 for individual Tax Payer perspective.
House Rent Allowance (HRA) Taxability & Calculation
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
Interest Rates of Tax Saver 5-year Fixed Deposit of Major Banks August 2018
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.
Taxation on Bank Fixed Deposit
A Bank Fixed Deposit is a financial instrument provided by banks. It is also known as a Term Deposit.