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9 Changes in Income Tax Exemptions and Rules in Budget 2015

Budget, Budget 2015, Income tax, Taxes

Budget 2015 - Changes in Income Tax Exemptions & Rules

The Budget 2015 presented on February 28, 2015 which brought the following 8 changes in Income Tax rules for Individual tax payers. 1. Income Tax Slabs: There is no change in tax slabs for FY 2015-16 people with income of less than 1 crore. However for the super rich (with annual income of more than 1 […]

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Budget 2013: Are you eligible for Rs 2000 Tax Rebate under Sec 87A?

Budget 2013, Income tax, Tax Saving, Taxes

The highlight of budget 2013 for common man was the Tax Rebate of Rs 2,000 for people with income of less than Rs 5 lakhs. This has been made possible by inserting a new section 87A in the Income Tax Act of 1961. I posted the Income Tax calculator for FY 2013-14 and received a

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