Various Threshold Limits under Income Tax Act [AY 2019-20]

• October 15, 2019
• CA Chandan Agarwal's Office

Chandan Agarwal

In Respect of exemptions, deduction etc Income Tax Act, 1961 imposes various threshold limit.  Like in respect of Tax Rates or in respect of deduction under section 80C, 80D, 80U etc.  Some of the Popular Limits are Tax Rates , Conveyance Allowance, HRA, Home Loan Interest, Deduction Under Section 80C, Leave Encashment, Gratuity, Medical Reimbursement etc.

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