Sentences with phrase «income salaried class»

The recent announcements made inbudget 2016indicate that while the budget certainly proves to be a relief to the poor and low income tax payers, no significant changes have been made for the middle - income salaried class.

Not exact matches

As per the previous Budget 2017 - 18, the self - employed (individual other than the salaried class) can contribute up to 20 % of their gross income and the same can be deducted from the taxable income under Section 80CCD (1) of the Income Tax Act, 1961, as against currentincome and the same can be deducted from the taxable income under Section 80CCD (1) of the Income Tax Act, 1961, as against currentincome under Section 80CCD (1) of the Income Tax Act, 1961, as against currentIncome Tax Act, 1961, as against current 10 %.

Now I am retired and recently have taken a flat in co ownership with my wife who is salaried class and I am a pensioner.We are jointly sharing the EMI payment and want to avail income tax rebate on interest paid on home loan taken for the flat.