13 big tax changes that happened in 2019 and its impact on your personal finances

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  • Last Updated on 28 October, 2020

December 26, 2019

Naveen Wadhwa, Deputy General Manager at Taxmann.com, said:

 

“The surcharge of 25% or 37% (as applicable on your income) will be applicable only on your income from sources other than capital gains (long-term and short-term). If the income is earned from capital gains from the stock market (as referred to in Section 111A and 112A), then a surcharge of 10% or 15% as levied prior to Budget 2019 will be applicable. For other incomes such as salary, rental income, interest income and so on, new surcharge rate (25% or 37%) will be applicable to your income brackets.

Read full article here: 13 big tax changes that happened in 2019

 

 

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