Income tax

182 views 2 replies

1) IN NEW TAX REGIME FOR FY 2020-21 WHETHER THE EXEMPTION U/S 80CCD 1(B) IS ALLOWED?

2) WHETHER EXEMPTION U/S 16 i.e. pROFESSIONAL tAX IS ALLOWED?

3) WHETHER EXEMPTION U/S 10 FOR EDUCATION ALLOWANCE IS ALLOWES?

4) THE TAX PAYERS WHO OPT FOR NEW SYSTEM OF INCOME TAX WHETHER THE TRESH HOLD LIMIT IS RS. 250000/- OR RS. 500000/- MEANS SECTION 87A WILL APPLY?

 

Replies (2)
1. NOT ALLOWED
2. Allowed
3. Not Allowed
4. 2,50,000
4.Threshold limit is 2.5lacs only both under old and new regime but you will get rebate u/s 87A for the income upto 5lacs...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details