New Income Tax Rates And Deductions Applicable From April 1, 2017 With some tinkering in the income tax rates for 2017-18, Finance Minister Arun Jaitley reduced the tax rate for income between Rs. 2.5 lakh and Rs. 5 lakh to 5 per cent in the Union Budget, while adding a surcharge of 10 per cent on tax for income between Rs. 50 lakh and Rs. 1 crore. Although the basic … [Read more...] about New Income Tax Rates And Deductions Applicable From April 1, 2017
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section 80E
Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961
Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961. Finance Minister Mr.Arun Jaitley recently informed in the Parliament that Section 80E of Income Tax 1961, allows deduction of interest paid in respect of Education Loan availed for completing higher education of self, spouse, children or a student for which the … [Read more...] about Income Tax Exemption / Deduction on Interest paid on Education Loan under Section 80E of Income Tax Act 1961
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