New Delhi, March 31, (way2newstv.com):
The new financial year. There will be some financial burdens, along with prosperity and prosperity. With a tax exemption limit on the interest income available to elderly people, there will be a standard deviation of replacement pay for medical expenses and medical expenses. The long-term gains tax on shares is slashed and corporate taxes are downgraded. 15 percent of the capital gains tax on profits, if profits are higher than Rs. For the last 14 years, the long-term capital gains tax (LTCG) does not impose a profit for the same year-and-a-whilst buying and selling. This is no exception from 2018-19. If you have more than one year or more, you will have to pay 10 percent if you get more than Rs. As this provision was proposed on February 1, the profit of the share value raised by January 31 would not be taxed. It holds comfort for the investors. Securities Transaction Tax (STT) continues. If a turnover of Rs 250 crores, 25 per cent of the company's tax returns in corporate taxes are small, small and medium-sized 99 per cent. The corporate tax is likely to fall in the new fiscal year to bring them comfort. Corporate taxes would be 25 per cent for companies with turnover of Rs 250 crores in 2016-17. The assurance given by the finance minister in 2015 will come into force to reduce corporate tax from 30 percent to 25 percent. The current tax exemption is being implemented for reimbursement of salaries and medical expenses in salary earnings of Rs 40,000 Standard Deduction for salary payers. There is no cost of Rs 15,000 on medical allowance of Rs. Rs 40,000 Standard Deduction will come into effect from Sunday itself. As health and education cesses are growing, the standard deduction will have very few benefits. The elderly people are employed in banking / professional careers and are living on the interest. Interest income is up to Rs.10, 000 per annum. This limit was increased by 5 times and made up to Rs. 50,000. Exemption from Rs 50,000 to health insurance.
NEW FINANCIAL YEAR… NEW FINANCIAL BURDENS
Under section 80D, up to Rs 30,000 is the tax deductible for health insurance premium and medical expenses. This limit has increased to Rs. 50,000.
The age limit for older persons is Rs 60,000 for older persons and Rs 80,000 for elderly people. This limit has increased to Rs. 1 per cent to critical illness.
The surcharge on the rich is maintained by 10-15 percent. They also increased their health and education cess on 4 percent of the taxable income.
E-way bills must be mandatory e-wipes from tomorrow (April 1) to transport goods beyond Rs50, 000. The E-Way bill Policy, which helps reduce tax collection and increase tax collection, was originally scheduled to be implemented from February 1. However, the e-Way bill portal was postponed to the policy after the technical problems arise. The use of the portal to remove e-vibrations for some state-owned cargo has also caused the network to be frozen. Now the problem is that the issue of smoothness of the procedure between the states is only facilitating the E-Way bill. All these will come into force from April 1.
