Saturday, August 18, 2018

Allowances available to Tax Payers

1.b Allowances available to different categories of Tax Payers S. No. Section Particulars Limit of exemption Exemption available to A. Under the head Salaries 1. 10(7) Any allowance or perquisite paid or allowed by Government to its employees posted outside...


Benefits available to Individuals & HUF

2.i Benefits available only to Individuals & HUFs A. Tax Rates and Relief S.N. Particulars Benefits Available to 1. Maximum amount of income which is not chargeable to Income-tax Rs. 2,50,000 Individual/HUF 2. Maximum amount...