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More insurance company branches: Insurance companies will be empowered to do cd rita ribeiro tecnomacumba open branches in tier II cities without prior irda approval. .
Medical insurance paid of Rs 12,000.
Calculate exempt portion of HRA, by using this.
10,00,000 20 per cent, above.Budget 2013 updates: Some of the important changes done this year are given below: Rajiv Gandhi Equity Savings scheme : rgess declared in last year budget has been opened to mutual funds and listed stocks too.Income Tax Rates for taxpayers under 60 years of age in FY 2013-14 are below.Women only bank: Women only bank would be setup to cater only to women by public sector.Some components of your salary are exempt from inventory tracker plus review tax, such as medical reimbursements, telephone bills reimbursement.Income and Tax Calculator, click here to view relevant, act Rule.One can only get full 1 lakh extra benefit only if he takes loan for full 25 lakh in April 2013 starting and rate of interest is more than.For example - if you receive Rs 2,000 as transport allowance every month, Rs 1600 shall be exempt from tax and remaining Rs 400 per month or Rs 4,800 per annum shall be taxed as salary income.Total, short Term Capital GainS (Covered under section 111A from to, from.
Additional 1 lakh home loan interest deduction: For interest paid in towards first home loan up to Rs 25 lakh (taken in 2013-14) will get an additional Rs 1 lakh interest deduction for self occupied property.
No changes in income tax slabs and rates.
1 TDS on property transfer: If property value is more than 50 lakh (except agricultural property 1 TDS would be deducted on transaction value.
Starting financial year 2015-16, limit of exemption on transport allowance is 1,600 per month or Rs 19,200 per annum.Income Tax Rates for taxpayers under 60 years of age in FY 2016-17, FY 2015-16, FY 2014-15 are below.Neha receives a Basic Salary of Rs 50,000 per month.Implementation of Direct tax code has again been deferred and wont be applicable from 1st April, 2013.The investor will be able invest and claim deduction for a period of 3 taxonomy codes for internal medicine successive years.