Under the Income Tax Act of 1961, interest income is taxed at a flat rate of 30%, plus applicable cess and surcharge. This means that if your account earns, say, INR 100 in interest, approximately INR 30 (plus
aI friend of mine taught me English, do not tell you I我的朋友教了我英语,不告诉您 [translate] aA little inaccuracy sometimes saves tons of explanation 一点不精确性有时保存吨解释 [translate] aThe Income Tax Act, 1961 所得税行动1961年 [translate] apen pel letter 笔pel信件 [translate] a...
Tax Savings:Investment of up to Rs. 1,50,000 inELSS mutual fundsqualifies for tax benefit under section 80C of the Income Tax Act, 1961. Mutual fund investments, when held for a longer term, are tax-efficient. Choice:There are many options toinvest in mutual fundsto meet your different ...
Individuals and HUFs can choose the Existing Tax Regime or the New Tax Regime with a lower rate under section 115 BAC of the IT Act, 1961. But, the taxpayer choosing the second option will not be allowed certain Exemptions and Deductions such as 80C, 80D, 80TTB, and HRA available in th...
income slab. However, under Section 80TTA of the Income Tax Act, 1961, you can claim a tax exemption of up to Rs 10,000 on Savings Account interest. This means only the interest above Rs. 10,000 is taxed annually. If you seek a tax break, a Savings Account can be a benefici...
15. Taxation Aspects:The total maturity amount and the interest earned on this account are fully exempted from taxation under section 80C of the Income Tax Act 1961 and follow Exempt-Exempt-Exempt (EEE) tax regime. As of now, an amount up to Rs. 1.5 lakh is exempted from annual deposits...
Additionally, investment up to Rs.50,000 is deductible from taxable income u/s 80CCD (1B) of Income Tax Act, 1961 under Old Tax Regime. Employees opting for New Tax regime, can choose up to14% of Salary (Basic + Dearness Allowance) routed through the Employer, is deductible from taxab...
Understanding the Affordable Care Act (ACA) The ACA was designed to reform the health insurance industry and help reduce the cost of health insurance coverage for individuals who qualify. The law includes premium tax credits andcost-sharing reductionsto help lower expenses for lower-income individuals...
Respiratory syncytial virus (RSV) is an important cause of children’s pulmonary infections. However, there are fewer studies on RSV infections in adults. The purpose of this study was to describe the clinical manifestations, para-clinical characteristics, and outcome of RSV infection among adult pa...
In January 1961, John F. Kennedy took office as the 35th president of the United States. This marked the tail-end of a short recession, which led to a period of immense economic expansion (the longest in history up to that point), lasting until 1969. Some cars that were introduced in ...