Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com’s readers. Illustration: Uttam Ghosh/Rediff.com Here’s the chat transcript… baban patil: I earn 14 lakhs annually. I have invested in a house for which I am paying an EMI of Rs 28,000. I pay a rent of Rs 15,000. What are the ways I can save tax? SandeepShanbhag: you are ... Rediff.com, 2 months ago
Finance Minister Arun Jaitley on Monday did not change tax slabs but offered a relief of Rs 3,000 to the salaried with income below Rs 5 lakh per year. Deduction for rent paid will be raised from Rs 20,000 to Rs 60,000 for those who do not have house rent allowance. First-time home buyers to get additional deduction of Rs 50,000 on interest for loan upto Rs 35 lakh. How will the Budget affect taxpayers? How much will you lose on your provident fund if the interest is ...Rediff.com, 2 months ago
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