Latest tax laws/ Updations in tax law/ Tal law in ...

Latest tax laws/ Updations in tax law/ Tal law in India/ Tax/ Tax law/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. Various updation of latest tax laws are as follows; →A tax rebate has been introduced in the New Tax Regime on income up to Rs 7 Lakhs. This implies that you do not have to pay tax if your taxable income is below 7 lakhs under new tax regime. →The standard deduction of Rs 50, 000 has been introduced under the new tax regime for salaried taxpayers. →The highest surcharge under the new tax regime has been reduced to 25% from 37% for people earning more than Rs 5 crore. This move brings down their tax rate from 42.74% to 39%. →The new IT regime will be the default tax regime. However, taxpayers can choose the old regime. →Leave encashment for non-government employees has been increased to Rs 25 lakh from Rs 3 lakh. →TDS rate reduced to 20% from 30% on withdrawal of EPF. →Tax on Debt and Mutual Funds →Senior citizen savings scheme →Claims under Section 54 and Section 54F will be limited →Increase in the threshold for MSME's and professionals u/s 44AD and 44ADA →Conversion of Physical Gold to Electronic Gold Receipt to become Tax free. →Tax on Online Gaming You can get the law services like Trust deed, Financial law, Insurance law, Environment, Consumer, Property, Banking Tax Cyber, Constitutions, Labor law, Civil, Criminal, Family, Property registration, Getting NOC’s, and many others. Additionally, you can get to know about Legal notice, documentation, Legal registration, Property organization, establishing companies, Family legal consultation, Civil legal consultant, Criminal legal consultant, and Litigation for finance property from our expert lawyers.