Under the new regime proposed in the Budget, allowances such as HRA and LTA will be added to the income and taxed. Currently, these allowances are not counted while calculating the taxable income. Individuals are also allowed claim a deduction for home loans if living in the property.
from Times of India https://ift.tt/2ulrLw3
Tuesday, February 4, 2020
Subscribe to:
Post Comments (Atom)
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment