2022 List Of Tax Exemptions
2022 List Of Tax Exemptions
The most commonly claimed deductions under section 80C will go. Equity linked savings scheme. For government employees all gratuity received is tax-exempt irrespective of the amount received by them. - There were more than 100 deductions and exemptions available to taxpayers under the Income Tax Act.
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If in this case the seller was liable to pay income-tax on capital gains arising on sale of old house then it would be a hardship on him.
2022 List Of Tax Exemptions. Under section 1015i of the Income-tax Act. 5 year fixed deposit. Exemption under section 54 can be claimed in respect of.
Section 54 gives relief from such a. Essential Property Tax Information for HDB Flat Owners. Under section 115BAC the income-tax payable in respect of the total income of person being an individual or a Hindu undivided family for any previous year relevant to the assessment year beginning on or after the 1st day of April 2021 shall at the option of such person be computed at the rate of tax given in the following Table.
Tax Exemption for Ladies. INR 1000001 and above. Terms and conditions may vary and are subject to change.
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