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*Reality behind Tax Exemption limit of Rs. 5 Lakh*
Slab rate of income tax for individuals has been kept same as last year, however rebate under section 87A has been increased from 2,500 to 12,500 for all those individuals resident in India whose total income does not exceeds Rs. 500,000. Income tax upto the income of Rs. 5,00,000/- come to Rs. 12,500. Rebate of same amount has been given in section 87A.
Thus benefit shall not be available to those individuals whose total income exceeds Rs. 5,00,0000 or who is non-resident.
Thats how a finance bill looks like. Even if u r not able to understand it ryte now, but atleast you should know how it looks like
Hi all
The amendments brought in budget today wont b applicable for your taxation paper in May 2019 and Nov 2019 exams. But as i say, its all good to gain knowledge abt whats happening around you.
Would share a short update soon for those who wish to read solely for knowledge purpose
AVJ announces fresh face to face batches in Laxmi Nagar for CA Inter Taxation by CA Sanchit Grover. Join the classes and feel the difference in methodology of our teaching. Pen drive classes of latest batch also available for outstation students
Watch this video to know abt Taxation subject before you start reading it
Fresh batches for CA-Inter Nov 2019 starting from January,28, Monday..
