000			01574nam a2200181Ia 4500
999			_c66512 _d66512
005			20220902101645.0
008			200204s9999 xx 000 0 und d
020			_a8172742770
082			_a343.042 INC
245		0	_aIncome tax guidelines and mini ready reckoner
260			_aNew Delhi
260			_bNabhi Publication
260			_c1998
300			_a396 p.
520			_aThe Union Budget 1998-99 has made a number of significant changes in the taxation of individuals including salaried tax-payers. The basic exemption limit has been raised to Rs. 50,000. However, the slab rates have been kept unchanged. The rate of tax for firms and companies has also been maintained at 35%. Standard deduction for employees has been raised to 1/3rd of salary or Rs. 25,000, whichever is less, in case of employees having gross salary upto Rs. 1,00,000. Standard deduction shall be Rs. 20,000 in case salary is between Rs. 1 lakh to Rs. 5 lakhs. The exemption for reimbursement of medical treatment expenditure has been raised from Rs. 10,000 to Rs. 15,000. The deduction for repairs of house property has been raised from one-fifth (20%) to one-fourth (25%). The ceiling on deduction for interest in case of self-occupied property has been raised from Rs. 15,000 to Rs. 30,000. Deductions for medical treatment etc. and deposit made for the benefit, of a handicapped dependent relative; have been combined with an enhanced aggregate ceiling of Rs. 40,000. Deduction for payment of rent u/s 80GG has been reintroduced.
650			_aIncome tax-1999-2000
942			_cB _2ddc