WebSection 80TTA of the Income Tax Act, 1961 offers a deduction of up to INR 10,000 on income earned from savings account interest. This exemption is available for Individuals and HUFs. In case the income from bank interest is less than INR 10,000, the whole amount will be allowed as a deduction. Web18 Mar 2024 · The Indian Income Tax Act has several provisions for taxpayers who have disabilities. One such provision is Section 80U of the Income Tax Act, which provides tax …
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Web18 Feb 2024 · Latest Income Tax Slab Rates FY 2024-21 (AY 2024-22) Mutual Fund Taxation FY 2024-21 (AY2024-22) ... Section 80TTB of the Income Tax Act allows tax … Web11 Apr 2024 · Deductions Under Section 80U. As per Section U, Income Tax, deductions of INR 1.25 lakhs will be implied for residents with severe disabilities. Whereas INR 75,000 will be deducted for minors with at least 40% of disabilities. Point to be noted that this is a revised version of deductions that have been made in 2024-21. hdfc shikrapur ifsc code
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Web16 May 2024 · Section 80 of the Income Tax Act offers a range of savings and investments that you can use to lower your taxable income. Section 80C to 80U covers everything … WebThe information included in this Item 7.01, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of … WebSection 115BAB prescribes for 15% tax rate for a domestic company that is incorporated after 1st Oct, 2024 & is solely engaged in the manufacturing or production of any article or thing and is commencing manufacturing before 31st March 2024. ... The surcharge applicable on such tax shall be 10%, irrespective of the income of the company, with ... golden key motel atlantic city