Income tax exemption limit
This query is : Resolved
02 February 2019
Dear Sir,
As told in the Interim Budget that the tax slab has been increased from Rs. 2.5 Lac to Rs. 5.00 Lac, so does it mean individual having gross total income upto Rs. 5.00 Lac is not required to file IT Return from A.Y. 2020- 21
Thanks,
Abhishek Roy Choudhury.
As told in the Interim Budget that the tax slab has been increased from Rs. 2.5 Lac to Rs. 5.00 Lac, so does it mean individual having gross total income upto Rs. 5.00 Lac is not required to file IT Return from A.Y. 2020- 21
Thanks,
Abhishek Roy Choudhury.
02 February 2019
Slab is not changed. Relief u/s 87A is increased to 12,500 so that individuals,
< 60 years ,with taxable income of Rs. 5.00.000 need not pay tax, but to
file IT return.
< 60 years ,with taxable income of Rs. 5.00.000 need not pay tax, but to
file IT return.
Message likes :
1 times
02 February 2019
Dear Sir,
Thanks a lot for your valuable reply.
Thanks,
Abhishek Roy Choudhury.
Thanks a lot for your valuable reply.
Thanks,
Abhishek Roy Choudhury.
02 February 2019
Dear Sir,
Another thing I want to know is whether Senior Citizens have to pay tax if his/her income is more than Rs. 3.00 Lac as per the Interim Budget.
Thanks,
Abhishek Roy Choudhury.
Another thing I want to know is whether Senior Citizens have to pay tax if his/her income is more than Rs. 3.00 Lac as per the Interim Budget.
Thanks,
Abhishek Roy Choudhury.
27 September 2021
Upto Rs. 5 lakhs total income, there won't be any tax liability, because of rebate.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- GST Registration Cancellation books of accounts asked by officer
- TDS deduction 194J instead of EPF
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
