it rebate for ay 2018 19

3,00,000 Income between.
The above Income Tax Exemptions FY 2017-18 are applicable for financial year (Assessment Year ).
20,000 30 Add: a) Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 12 of such tax, where total income exceeds one crore rupees.
First time Home Buyers can claim an additional Tax deduction of up to Rs 50,000 on home loan interest payments u/s 80EE.
The tax deduction limit of upto.25 lakh in case of severe disability can be availed.Except this change, all other.5,00,000 Income above.However, the Central Government has asked the Election Commission to conduct them in December 2018 only.2,500 for taxable salary up.section 80CCC, contribution to annuity plan of LIC (Life Insurance Corporation of India) or any other Life Insurance Company for receiving pension from the fund is raffles city mall cinema considered for tax benefit.Co-operative Society Tax Slab The income of a co-operative society is computed in the same manner as provided for other assessees.Also, the rebate will now be available only for individuals with an Income less than INR 350,000.



Nil, income between.
However, the surcharge shall be subject to marginal relief (where income exceeds fifty lakh rupees, the total amount payable as income-tax and surcharge shall not exceed total amount payable as income-tax on total income of fifty lakh rupees by more than the amount of income.
Income Tax Slabs will see an increase of 25-35.
To claim Tax deductions under Section 80DDB, it is mandatory for an individual to obtain Doctor Certificate or Prescription from a specialist working in a Govt or Private hospital.
Scss (Post office Senior Citizen Savings Scheme).The cost of buying wrong financial products may outweigh the cost of taxes.Section 80TTA deduction is not available on interest income from fixed deposits.Deduction under Section 80E A taxpayer can claim deduction for interest paid on education loan for him, spouse or children.Deduction of interest on housing loan Under Section 24B of the Income Tax Act, interest paid up to Rs 2 lakh on housing loan is allowed as deduction from your taxable income.For very senior citizen above the age of 80 years who are not eligible to take health insurance, deduction is allowed for Rs 30,000 toward medical expenditure.




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