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Income Tex Return Filling Benefit by Governments

Income Tex Return Filling Benefit by Governments
How much can the government benefit from filing an income tax return?  Hardly anyone would say this. 

 Friends, this information will be very useful if you also file an income tax return.

Income Tex Return Filling Benefit by Governments
Income Tex Return Filling Benefit by Governments

 According to the government rule, a person who files an income tax return for 3 years in a row, has to pay 10 times the annual income of the person in case of such an accident in case of an accident.

 Understand by a Example ...

 If the return payer has an annual income of 5 lakhs -

 500000 × 10 = 5000000 rs.

 This money will be available to the family of the person ... Download pdf file from the link below for more information.

More Detail About Income Tax 2019-20
Income tax slab for year 2018-2019, Income Tax, F.Y. For full details of the PDF file 2018-19

Slab is deducted from the income tax threshold table which is applicable to a specific tax rate in advance and the various deduction rates are applicable. In order to better understand the functioning of income slabs, the first person has to understand the important elements as per the tax slab is decided.

Income tax slab for year 2018-2019
According to the 2018 Union Budget, according to different slabs in which income tax has been assessed different categories are shown below

Resident and non-resident Indians

Applicable income threshold tax rate :

  •  up to Nil up to 2,50,000
  •  2,50,000 to 5,00,000 5%
  •  5,00,000 to ₹ 10,00,000 20%
  •  30% more than 10.00,000

Important changes in income tax FY 2018-2019 slab

Changes in this fiscal year has made some changes in financial year 2018-2019. Let's look at the changes coming this fiscal 2018-2019

LTCG tax on capital investment: Stock market in long-term investment on the biggest change in capital gains tax revenues this fiscal year will be implemented

Standard Deductions: Budget announced a standard deduction of Rs 40,000 for salaried employees, but 19.200 has been deducted from tax-free medical returns and annual alignment of Rs.15,000. Rs. The difference of 5,800 is decreasing.
  • Income tax return form - Excel file : click here
Income Tex Return Filling Benefit by Governments