Income Tax Slab Under the Old Tax Regime To minimise your taxable income, you could claim tax exemptions on HRA and LTA, as well as deductions under other sections, such as Section 80C, 80D, and 80TTA under the old tax regime.
PLEASE SEND ME SOFTWARE FOR PAYROLL, GST, INCOME TAX & TDS RTN Reply Lakshmi s July 19, 2022 at 10:51 pm Can you plese let me know how to choose old regime or old pattern for income tax filling Reply VIJAY KRISHNA SHIVAGAN December 15, 2018 at 4:14 pm I want information regar...
Under the Indian income tax laws, each taxpayer is charged a different rate according to the tax slab that they come under. On the other hand, companies and firms have a fixed taxation rate charged on the profit earned during a fiscal year. For this reason, the income earned by people is...
In the old ITR Forms one had to report foreign assets in Schedule FA only if the person had held them at any time during the ‘relevant accounting period’. The ‘accounting period’ is not defined in the Income Tax Act. However, the instructions issued by the CBDT for filing of ITR F...
TDS on Salaries 192 New Reduced Slab rate for Salaries People introduced. One can go for old tax regime with tax deductions or new tax regime without tax deductions Companies can take a declaration from employees as to which method they want to follow, and employee can change their choice whi...