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INDIVIDUAL IT CALCULATION FOR THE FINANCIAL YEAR 2019-20

This query is : Resolved 

Hi'

I would like to have clarity on the following with respect to Income Tax calculation for the financial year 2019-20:

1) What is the maximum deductions that shall be shown
2) Shall we claim Housing Loan - Principal / Interest for 2 properties at a time
4) Shall we claim medical expenses of in-laws for a women tax payer
5) Standard deductions for HRA
6) Standard deduction for women employer
7) Any other standard deductions that shall be claimed

Any one pl. support me


You calculate the income tax under both the option and whichever is beneficial to you, you can opt for the same

I require details for the financial year 2019-20 (not for 2020-21).

Pl. advise.

06 standard deduction for woman 50,000

05. least of following is exempt
a. HRA received
b. 40% of salary ( 50% for house situated at mumbai, kolkata, delhi chennai)
c. rent paid in excess of 10% salary


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