All posts tagged "Budget 2020"
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863ITREarning Rs 8 lakh or Rs 15 lakh? Check if opting for the New Income Tax Regime helps
By Gaurav Mohan The enhancement of the basic exemption limit or the lowering of income tax rates was a much-anticipated measure from...
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FINANCE
Income tax: Is the new tax regime right for you?
Taxpayers are still trying to figure out whether they should switch to the new tax system proposed by finance minister Nirmala Sitharaman...
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703FINANCETax on PF contributions to hurt retirement savings of high-income earners
While presenting the Budget 2020, Finance Minister (FM) Nirmala Sitharaman proposed taxing employer’s contribution towards Provident fund (PF), the National Pension Scheme...
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FINANCE
Budget 2020: Not all can switch back to old system once moved to new tax regime
Individual income taxpayers will be free to choose between the old tax return filing structure and the newly introduced structure with lower...
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FINANCE
4 dozen exemptions still available in new income tax structure
Tax breaks related to retirement benefit schemes such as Provident Fund (PF) and payments from Voluntary Retirement Schemes (VRS) have been retained,...
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FINANCE
More confusion, less clarity for taxpayers
Budget 2020 proposed a new tax system under which taxpayers who are willing to let go of deductions and exemptions will be...
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FINANCE
Budget 2020 highlights: New income tax slabs, DDT gone, record allocation for transport
Finance Minister Nirmala Sitharaman today presented the Union Budget 2020-21 in the Lok Sabha. This is the second budget after Narendra Modi led National...
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1.4KFINANCEYou will now have to pay 14.5% tax on dividend received on LIC policy
Budget 2020 changed the income tax slabs and moved the tax burden on dividend to the recipients. As dividend will be taxed...
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FINANCE
Budget 2020: Do your calculations and opt for the best
This was the second Budget by finance minister Nirmala Sitharaman. It is a balanced budget considering the challenging times we are going...
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1.1KFINANCE10 income tax changes expected today in Budget 2020
After the surprise cut in corporate tax rates in September, many tax experts expect the government to tweak income tax rates and...
