New Income Tax - 2020
This query is : Resolved
Quick Summary
S. Devi jegatha
(Querist)
13 February 2020
Dear Experts,
what are the below exemptions are eligible & not eligible ( salaried person) in new Income tax 2020 ??
Professional tax
Leave travel allowance.
HRA
Std Deduction ( Rs.50000)
80 C
80 D
Interest paid ( Housing loan)
kindly clarify the same
what are the below exemptions are eligible & not eligible ( salaried person) in new Income tax 2020 ??
Professional tax
Leave travel allowance.
HRA
Std Deduction ( Rs.50000)
80 C
80 D
Interest paid ( Housing loan)
kindly clarify the same
13 February 2020
Tax payer has to give up all the referred items to choose the new tax rates.
Message likes :
1 times
Amol S Joglekar
(Expert)
13 February 2020
if the assessee wants to opt for new rates of tax, then s/he need not consider any of the above referred item
S. Devi jegatha
(Querist)
13 February 2020
sirs,
Thanks.
Can we calculate gross salary or CTC ? .
( gross salary - after deduction of PF ( employer contribution)
Thanks.
Can we calculate gross salary or CTC ? .
( gross salary - after deduction of PF ( employer contribution)
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