Budget 2018: changes in salary taxation

Savings:  Salaried Individuals get a flat deduction of INR 40,000 on taxable.   So this deduction  will result in tax reduction of upto INR 12,360 This benefit comes by removing earlier exemption eligible for medical reimbursements upto INR 15000 and and exemption towards transport allowance upto INR 19200. Incrementally all salried individuals get additional benefit by... Continue Reading →

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