Here are some quick pointers from Budget 2019 Speech. More details analysis soon…. Rebate under Section 87A changed from Rs 2,500 to Rs 12,500 or 100% of income tax (whichever is lower) for individuals with income below Rs 5 Lakhs (from Rs 3.5 Lakhs) Standard Deduction raised for Salaried & Pensioners from Rs 40,000 to […]
This year might have been happy one for you if you received long pending salary dues as arrears. But we know receiving arrears makes everyone happy but pain of paying higher taxes makes them worried? We explain how to calculate tax on arrears and claim tax benefit u/s 89(1) in income tax return with example. Tax Calculation
Budget 2018 though did not change the broad tax slabs but made some changes in the tax exemptions. One of them was reintroduction of Standard Deduction for salaried and pensioners. From FY 2018-19 (AY 2019-20) all salaried and pensioners would be eligible for standard deduction of Rs 40,000. However, as they say devil lies in
How Standard Deduction would lower tax outgo for Salaried and Pensioners? Read More »
Manappuram Finance Limited has come out with latest NCD (non-convertible debentures) offering up to 10.15% interest rate. The issue opens on January 28 and closes on February 27 , 2019. Manappuram Finance Ltd is one of the major non-banking financial company in the gold finance business situated in Thrissur, Kerala. It has over 3200+ branches across 25 states,
10.15% Manappuram Finance NCD – Jan’19 – Should you Invest? Read More »
India Infoline Finance Limited (IIFL Finance) was incorporated in 2004 under the flagship of IIFL Holdings Limited and presently offers small-ticket loan products to retail borrowers, delivered through a pan India branch network of 1,755 branches and digital channels. It has come out with public issue of non-convertible debentures (NCD) offering up to 10.50% interest
