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Income tax

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 →

Income Tax Calculator for FY 2018-19 [AY 2019-20] – Excel Download

Download Income Tax Calculator for FY 2018-19 Budget 2018 has made some changes to Income tax for individual. There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. We highlight the changes and give you the new tax calculator for FY 2018-19 [AY 2019-20]. Changes in Income Tax Rules: […] Continue reading →

How to Save Income Tax for Salaried and Professionals for FY 2018-19?

How to Save Income Tax for Salaried and Professionals for FY 2018-19 We are releasing the eBook on Tax Planning which tells you how to save income tax for FY 2018-19 (AY 2019-20) for both Salaried and Professionals. This is a short 43 slide power point presentation (in pdf) which covers all the tax saving sections and investments applicable for tax payers. But before that lets look […] Continue reading →

Section 87A – Most important change for Income Tax Payers in Budget 2019

Section 87A - Tax Rebate for Income below Rs 5 Lakh - Budget 2019 Section 87A was introduced in Budget 2013 and it provides marginal relief to small tax payers. In this post we provide details about the eligibility, the benefits and how it has changed since it was first introduced. Section 87A Eligibility: The tax rebate under section 87A is only available to resident individuals with net taxable […] Continue reading →