Deduction For Salary Employee Ay 2021-21
Income Tax benefit for medical insurance premium. 2021-22 and subsequent Years. Treatment Of Standard Deduction Rs 50000 Under The New Tax Regime The deduction amount shall be restricted to 14 of salaryBasic salary DA in case of central Govt. Deduction for salary employee ay 2021-21 . Tax Slabs for AY 2021-22. 50000 or the amount of salary whichever is lower. 50000 or the amount of salary whichever is lower. Allowed to an Individual who makes deposits to hisher Pension account like NPS. With effect from Assessment Year 2020-21 deduction for interest paid or payable on borrowed capital shall be allowed in respect of two self-occupied house properties. Re-introduction of quarantine leave provision due to pandemic situation For the purpose of assessing and deduction of Income Tax for the FY 2020-21 AY 2021-2022 all the officers and staff are requested to submit a Self Declaration stating the. This tax slab is applicable with effect from AY 2021-22. Maximum contributi...