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Section 87A

The Income Tax Act of 1961 is amended from time to time to benefit taxpayers. Section 87A was introduced to help taxpayers reduce their income tax liability. With the introduction of this section, certain taxpayers earning income below a specified limit can leverage the provisions of this section and pay lesser/zero income tax. In this … Read moreSection 87A

Income Tax Slab Rates – FY 2018-19

Income Tax is a direct tax charged by the government from its citizens directly. This tax is charged at an individual level based on the income group of taxpayers. There are different slab rates for different income groups, which will be discussed in this article. The topics covered in this article are:  Factors for Income … Read moreIncome Tax Slab Rates – FY 2018-19