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Latest Personal Income Tax Rates
Deductions

Enhancement of Section 80C Deduction Limit from Rs 100,000 to Rs 150,000

Limit for deduction under Section 80C of the Income Tax Act, 1961 has been enhanced from Rs 100,000 to Rs 150,000 in the Union Budget 2014. Enhanced deduction is applicable from Assessment Year 2015-16 corresponding Personal Finance guide to Mutual Funds, Stocks, Insurance, Investments, Loans, Tax Planning, Non-Resident Indians related issues
Investment

Withdrawal of IPO applications Post Issue Closure

Yes, withdrawal of Initial Public Offer (IPO) application can be done even after the issue closure!! It is commonly known that in book built issues applicants can revise or withdraw their bids till the issue Personal Finance guide to Mutual Funds, Stocks, Insurance, Investments, Loans, Tax Planning, Non-Resident Indians related issues
Income Tax

Income Tax Rates: AY 2021-22 (FY 2020-21)

new income tax regime new income tax slabs individual without deductions Personal Finance guide to Mutual Funds, Stocks, Insurance, Investments, Loans, Tax Planning, Non-Resident Indians related issues
Deductions

Guide to Standard Deduction

Budget 2018: Standard Deduction makes a comeback after 13 years With effect from 1st April 2018, standard deduction of Rs 40,000 (or the amount of the salary, whichever is less), would be allowed from salary Personal Finance guide to Mutual Funds, Stocks, Insurance, Investments, Loans, Tax Planning, Non-Resident Indians related issues

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