BUDGET-2020 IMPACT ON SALARIED EMPLOYEES

BUDGET-2020 IMPACT

ON SALARIED EMPLOYEES

Gross Salary of Employee

(Without HRA and LTC)

Less: Standard deduction u/s 16(ia)

Income Under the Head Salaries

Less: Interest on Home Loan

Tirupati - 9701869616

SALARY RANGE UPTO 7,50,000/- PA

Yet to get Perfect

Clarification on ;

1.Sec 80 E - Interest on

Education Loan

FINAL TAX IMPACT

Presented by

CA SURESH KUMAR A

Chartered Accounatnt

F.C.A.,M.Com.M.B.A.,M.Sc(Psy)

Less: Tax on employment u/s 16(iii)

OPTION:2

As per Budget Speech

of FM , Assessee Can

Opt for Old Tax Rates

with the benefit of

claiming all elgible

Deductions and

Exmptions

Total Income

Less: Deductions U/s 80C

Less: Deductions U/s 80D

Less: NPS Contricution U/s 80CCD(1B)

Total Income