Tuesday, February 4, 2020

80% may switch income tax regimes: Government

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. Individuals are also allowed claim a deduction for home loans if living in the property.

from Personal Finance News-Wealth-Economic Times https://ift.tt/381ke4n

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