Key Taxation Highlights Union Budget 2018-19

In the context of upcoming General Elections, Budget 2018-19 laid a strong focus on the agricultural, Infrastructure, healthcare and education sectors in the country. Some of The Key Highlights of the budget are as follows: Taxation: 1) No change in the structure of the income tax rate for individuals, HUF, Firms and Companies. 2) For AY…

Income Tax Exemption Updates : For FY: 2016-17

80 C : Max limit  : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50%  of your investment which ever is less  80D : 25000/-  Mediclaim Policy for self spouse, children  80D : 30000/- for dependent parents u/s-80D.  Medical reimbursement :- 15000/- US 17(2) 80DDB : Medical expense occurred…

Tax Declaration Form 15G/15H

We are receiving queries regarding New Form 15G/15H, its benefits and procedure of filling & submission of Forms. Here we are sharing the complete details Form 15G/15H are Self-Declaration Forms required for Non-Deduction/Lower Deduction of TDS on Interest in Fixed Deposits. Form 15G: This is the form which is filled by any individual below the…