Income Tax

In an effort to widen the tax base and ensure bet­ter track­ing of high-val­ue trans­ac­tions, the Cen­tral Gov­ern­ment of India

Sec­tion 80TTB has been includ­ed after Sec­tion 80TTA as a big relief to Senior cit­i­zens. Sec­tion 80TTB will be effective

Tax­a­bil­i­ty of Dif­fer­ent Perquisites paid to Employ­ees by Employ­ers in the hand of Employ­ee for the finan­cial year 2018–19 under Income

Post or Post­ing wise spe­cif­ic Deduc­tions allowed to Salaried Per­son in Finan­cial Year 2018–19 from their Salary Income under Income Tax.

Fol­low­ing Deduc­tions a Salaried Per­son is eli­gi­ble to claim in Finan­cial Year 2018–19 (Assess­ment Year 2019–20) All Salaried per­son is

Depre­ci­a­tion Rate as per Income tax for Finan­cial Year 2018–19 Block of assets Depre­ci­a­tion Rate for AY 2006-07 to AY 2017–18