Know you’re Tax Burden for the F.Y.2022-23 and A.Y.2023-24 | As the Financial Year 2021-22 has already gone and the New Financial Year 2022-23 has started from the 1st April 2022 which will end on the month of 31st March 2023. So we called the Financial Year 2022-23 and Assessment Year 2023-24. Now it is indispensable as well as […]
Relaxation for retired employees under the Income Tax Act of 1961
RELAXATION FOR RETIREMENT EMPLOYEES under the Income Tax Act of 1961 Higher basic exclusion limit Exemption from taxes on amounts received by way of gratuities reduced pensions and pension funds Greater dedication to health insurance premiums The highest interest deduction limit from Banks and Post Offices and much more. Exemption for retired employees under the […]