plzz provide a Clear cut info on how will the Slab Structure look after the Proposed Budget read out yesterday!
Is ₹500000 made the Basic Exemption Limit or Provided as a Rebate under Section 87A?
Menu
Slabs After the Interim Budgets
Replies (7)
Provided as a Rebate under Section 87A.
how-a-salaried-person-with-income-up-to-rs-7-75-lakh-can-now-pay-zero-tax
is it applicable from 1st April 2020?
yes, this is applicable for 2020 onwards
So while computing income tax for the f.y.2019-20 we should consider the old provisions only?
It is applicable from 01/04/2019, budget is for F.Y. 2019-20 not for F.Y, 2020-201
Is this 5 Lakh limit now proposed not Basic exemption? Sec 87A speaks about tax rebate of 2500 for those whose income is less than 3.5 lakh. Sorry for interrupting/interference, just for knowledge only.
Recent Topics :
- Omitted sales shown in GSTR-1 Table 14 but not in
- EWAY BILL TAKE OUT OF OTHER COMPAMY
- Penalty & late fee for late ITR filing
- Business discontinued as Government took possessio
- Which Aviation Services Can Air Ticketing Professi
- Section 87A
- GST on Transport
- Which software to buy
- Property Selling and buying
- Office Management System
Related Topics :
CAclubindia
