Income tax

Ashok Kelkar (B.Com) (143 Points)

27 February 2020  

1) IN NEW TAX REGIME FOR FY 2020-21 WHETHER THE EXEMPTION U/S 80CCD 1(B) IS ALLOWED?

2) WHETHER EXEMPTION U/S 16 i.e. pROFESSIONAL tAX IS ALLOWED?

3) WHETHER EXEMPTION U/S 10 FOR EDUCATION ALLOWANCE IS ALLOWES?

4) THE TAX PAYERS WHO OPT FOR NEW SYSTEM OF INCOME TAX WHETHER THE TRESH HOLD LIMIT IS RS. 250000/- OR RS. 500000/- MEANS SECTION 87A WILL APPLY?