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8 Reasons why your business needs a Mobile App

#1 Get Connected with Your CustomersMobile App of your business will improve your Business Brand Goodwill and allow your clients to access your services easily over your Business Mobile App.Creating a mobile app for your customers to use, allows you to connect with them frequently.Mobile Apps helps businesses to interact with their target audience frequently.  #2 Build a Stronger Brand GoodwillMobile App makes consumers aware of your brand and ease in communication with your business.Most of Marketers see mobile apps as a medium to improve customer service.With the help of Mobile App, you can demonstrate your users why they should trust you by showing (rather than telling) what your brand stands for and what makes your business stand out of your competitors. #3 Delight Your CustomersYou can provide a level of value for your customers and increase your sales by creating a loyalty program within your app, this will make your customers stay with you for long. The more customers interact…
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Income Tax Slab 2018-19

General Category (Upto 60 Years of Age)Income Tax Up to Rs. 2,50,000 Nil Rs. 2,50,001 - Rs. 5,00,000 5% Rs. 5,00,001 - Rs. 10,00,000 20% Above Rs. 10,00,000 30% Senior Citizen (60-80 Years of Age) Income Tax Up to Rs. 3,00,000 Nil Rs. 3,00,001 - Rs. 5,00,000 5% Rs. 5,00,001 - Rs. 10,00,000 20% Above Rs. 10,00,000 30% Super Senior Citizen (Above 80 Years of Age)Income Tax Up to Rs. 5,00,000 Nil Rs. 5,00,001 - Rs. 10,00,000 20% Above Rs. 10,00,000 30%
* Surcharge of 10% for income between Rs. 50 lakh and Rs. 1 crore (with marginal relief)
* Standard Deduction of Rs. 40,000 allowed to all salaried individual (WEF 2018 Budget)
* Health and Education Cess on Individual Income Tax - 4% (WEF 2018 Budget)
* Surcharge of 15% for income above Rs. 1 crore (with marginal relief)
* Rebate of up to Rs. 2,500 for taxable salary up to Rs. 3.5 lakh

Income Tax Deduction under section 80U

Applicability Individual Deduction Allowed in case of a Person with Disability or Severe Disability as certified by the medical authority Amount of DeductionIn case of Disability is Amounted to Rs. 75,000In case of Severe Disability is Amounted to Rs. 1,25,000 Details of Deduction A person with disability as defined under Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation Act, 1995) w.e.f. assessment year 2005-06 including autism, cerebral palsy, and multiple disabilities as defined under National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation & Multiple Disabilities Act, 1999

Income Tax Deduction under section 80RRB

Applicability Individual - Patentee Deduction Allowed on Royalty on Patents Amount of Deduction Is to the extent of Rs. 3 Lakh and is in receipt of any income by way of royalty in respect of a patent registered on or after the 1st day of April, 2003 under the Patents Act, 1970 Details of DeductionPatent here means a Patent granted under the Patents Act, 1970Patentee is the person who is the true and first inventor of the invention, whose name is entered on the patent register as the patentee, in accordance with the Patents Act, 1970Royalty here means consideration

Income Tax Deduction under section 80QQB

Applicability Resident Individual - Author Deduction Allowed on Royalty income of authors of certain books other than text-books Amount of Deduction Maximum Amount of Deduction allowed does not exceed Rs. 3 Lakh Details of DeductionAuthor can be Individual or Jointbrochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature of books are not allowed under this deductionAssessee required to furnishes a certificate, in the prescribed form from the prescribed authority, along with the return of income in the prescribed manner.Book should be a work of literary, artistic or scientific in nature.

Income Tax Deduction under section 80JJAA

Applicability Assessee to whom section 44AB Applies Deduction Allowed on Employment of new employees Amount of Deduction 30% of Additional employee cost (cost means emoluments paid or payable) applicable for 3 Assessment year including the year in which Employment is provided Condition of DeductionThe business should not be formed by splitting up, or the reconstruction, of an existing business. However, a business which is formed as a result of re-establishment, reconstruction or revival by the assessee of the business is allowed for deduction.Business should not be acquired by the assessee by way of transfer from any other person or as a result of any business reorganizationThe taxpayer must file income tax return along with report of a Chartered Accountant