Income Tax on SWP for Monthly Income | SWP Taxation [VIDEO]
Income Tax on SWP.. Withdrawals from SWP is taxed as STCG or LTCG. STCG tax rate is 20% while LTCG is taxed at 12.5% on profits above 1.25 Lakh in FY..
Income Tax
Income Tax Saving Tips for Salaried
There are multiple investment options that salaried person can use to save income tax with old tax regime. These include standard deduction, investments under Section 80C, Section 80D, Section 24, HRA, etc. which can help you lower your income tax on salary. Please note that new tax regime does not allow majority of the investment …
Income Tax Calculation Examples (FY 2024-25)
Income Tax Calculation Examples.. Understand old tax regime and new tax regime slab rates with examples of income tax calculation, tax rebate
Section 80G – Income Tax Deduction on Donations
Section 80G of income tax act allows you to claim donations made to relief fund or charitable organizations as deductions with old tax regime
Section 80EE – Income Tax Deduction on Home Loan Interest
Section 80EE of Income Tax Act allows Income Tax deduction on Home Loan Interest Amount with limit of Rs. 50,000 in financial year..
Section 80GG – Income Tax Deduction for House Rent Paid
Section 80GG of Income Tax Act allows us to claim house rent amount paid in a financial year if you don’t receive HRA in salary payslip..
Section 80CCD – National Pension Scheme Deductions
Section 80CCD of Income Tax Act helps to save income tax by contributing towards National Pension Scheme (NPS) or Atal Pension Yojana (APY).
Income Tax Calculation for FY 2023-24 [Examples]
Income Tax Calculation 2023-24. When income is 11 Lakh, you pay zero income tax by using various deductions in old tax regime. For 7.5 Lakh new regime..
No Income Tax up to 7.5 Lakh with Tax Rebate 87A
No income tax upto 7.5 Lakh in FY 2023-24. standard deduction of Rs. 50,000 and Tax Rebate of Rs. 25,000 makes your income tax as Zero..