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Budget 2019

Income Tax Calculator for FY 2019-20 [AY 2020-21] – Excel Download

Income Tax Calculator for AY 2020-21 Budget 2019 has made some changes to Income tax for individual – the highlight being full tax rebate for individuals earning below Rs 5 Lakhs. There has been no changes in the income tax slab. We highlight the changes and give you the new tax calculator for FY 2019-20 [AY 2020-21]. Changes in Income Tax Rules: […] Continue reading →

How to Save Income Tax for Salaried & Professionals for FY 2019-20?

How to Save Income Tax for Salaried for FY 2019-20 (updated July 2019 Budget) How to Save Income Tax – a question that is often asked by my friends, family and blog readers. The problem is there are multiple sections for people to know and if they have heard about it to check if its applicable to their case or not? To help both salaried and professionals to plan their tax,  we have come up with the eBook “How to Save Tax for FY 2019-20”.  This is a short 41 slide power point presentation (in pdf) which covers all the tax saving sections and investments applicable for tax payers.  Continue reading →

Budget 2019: Income Tax Slabs for FY 2019-20 (AY 2020-21)

Income Tax Slabs for FY 2019-20 in Budget 2019 Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax slabs. Full Budget 2019 presented on July5, 2019 has made NO changes in the tax slab. The announcement that individuals with income up to Rs 5 Lakh would get full rebate is through Section 87A.  There […] Continue reading →

5 Key changes in Income Tax Rules from April 1, 2019 that you must Know

Key changes in Income Tax Rules from April 2019 Finance Minister Piyush Goyal has proposed many changes in tax rules in Budget 2019. We present you 5 key changes that would impact all income tax payers. Increased Tax Rebate u/s 87A: While making the budget speech, Finance Minister said that people with taxable income of Rs 5 lakh would get full tax rebate. Many […] Continue reading →

Budget 2019: Quick Highlights

Budget 2019 - Quick Highlights Here are some quick pointers from Budget 2019 Speech. More details analysis soon…. Rebate under Section 87A changed from Rs 2,500 to Rs 12,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 5 Lakhs (from Rs 3.5 Lakhs) Standard Deduction raised for Salaried & Pensioners from Rs 40,000 to […] Continue reading →