To claim this deduction, the maid sweeping employee has to contribute to Govt recognized Pension schemes like NPS.
3 lakhs are not required to pay any tax.
50 Lakhs If the Income of the Individual/ HUF/ AOP/ BOI is more than 50 Lakhs, surcharge would also be applicable.
Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2016-17 effective from, on the basis of the interest compounding/payment built-in in the schemes, shall be as under : Scheme Old Rate of interest.50 lakhs There would be no capital gains tax on redemption of the Sovereign Gold Bond.Such instruments will continue to have same return for the whole tenure of the investment. .However, there are a few conditions: You can not claim tax benefit on health insurance new york international auto show promo code 2016 premium paid for your in-laws; Proof of payment of premium has to be furnished, in order to avail the tax benefit The health insurance premium must be paid from taxable.3 The contracted-out rebate for secondary contributions.4 per cent of earnings between the LEL and UAP for cosrs.Very, senior Citizens (Men and Women above 80 years of age).Rs.3,00,000 for Senior citizens,.2,50,000/- for resident individuals).However, this benefit.Principal repayment of Home Loan, nPS (National Pension System life Insurance Premium.Kindly note that the Total Deduction under section 80C, 80CCC and 80CCD (1) together cannot exceed Rs 1,50,000 for the financial year 2016-17.2 Class 2 NICs are paid at a weekly flat rate.75 by all self employed persons unless they have applied for a small earnings exception.Tax-free Savings Accounts a year Individual Savings Account (ISA) subscription limit Overall limit 11,520 11,880 of which cash 5,760 5,940 of which stocks and shares 11,520 11,880 Junior ISA subscription limit 3,720 3,840 Child Trust Fund (CTF) subscription limit 3,720 3,840.The Income Tax Slab Rates are different for different categories of taxpayers.Long term capital gains tax in respect of bonds and debt securities or debt oriented mutual fund schemes listed on stock exchanges is payable at a flat rate of 10 of the capital gains amount.Section 80DDB - Deduction in case of very senior citizens ( 80 years) on expenditure on account of specified diseases.
Income Tax Slabs, income Tax Rates, where Total Income does not exceed.
Click Here to View Previous Years (Last 10 years) Income Tax Slab / Rates in India * Latest Circulars Regarding Rate of Interest on Small Savings etc.