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Tax Concessions and Incentives Presented by:- Deepak Goyal Gaurav Kumar Neha Singh Nidhi Pragatisharma
Introduction Tax concessions are some relief given by income tax department of India
Tax Concessions In case of disability(under section 80U) ,[object Object]
A higher deduction of Rs 1,00,000 for a person with 80% or above this.,[object Object]
Taxpayer can claim 100% deduction for 10 consecutive assessment year out of 15 years of beginning from year in which these zones has been notified by central govt.,[object Object]
Wholly for taxpayer or dependents of family
Need to submit a certificate in the prescribed form (form 10-I) from a specialist such as neurologist, oncologist etc.Amount ,[object Object]
In case of family member who is a senior citizen, Rs 60,000 or actual expenditure whichever is lower,[object Object]
25% of total income ;or

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Tax concessions

  • 1. Tax Concessions and Incentives Presented by:- Deepak Goyal Gaurav Kumar Neha Singh Nidhi Pragatisharma
  • 2. Introduction Tax concessions are some relief given by income tax department of India
  • 3.
  • 4.
  • 5.
  • 6. Wholly for taxpayer or dependents of family
  • 7.
  • 8.
  • 9. 25% of total income ;or
  • 10.
  • 11. Offshore banking units & International financial services A scheduled bank and having an offshore banking unit in special economic zone A foreign bank having an offshore banking unit in special economic zone; or A unit of International Financial Service centre A 100% of income is deductable for 5 consecutive assessment years beginning with the assessment year relevant to previous year