Certification Course on Python with AI for Finance Professionals
Learn the art of AI prompt
Income Tax Act 2025: Major Provisions and Changes
NTI ₹589000 kindly suggest me how to save tax for FY 2019-20/AY2020-21 ?
No tax liability after claiming rebate u/s. 87A.
Assuming gross income before 80C deduction as Rs. 5.89 Lakhs
if you are a salaried person you will get 50000 as standard deduction, deduction of Rs. 50,000 if you invested this amount in NPS, medical insurance policies related to your personal and also for your parents also help you to save tax
Otherwise (12500+1760) + 4% cess
Budget is not specifically said anything about Section 87 A
RS. 12,500 is only tax saved portion from exempted income limit Rs. 5,00,000 ( No change in section 87 A from the latest budget)
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: