Income tax

Section 80TTB: Senior Citizens can Save Tax on their Interest Income

Section 80TTB - Tax Exemption for Senior Citizens on Interest Income

Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account. Also, if a senior citizen opts to take advantage of Section 80TTB, he

Section 80TTB: Senior Citizens can Save Tax on their Interest Income Read More »

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

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