Income Tax
NPS Investment Explained: Individual & Corporate Tax Benefits
NPS Investment Explained: Individual & Corporate Tax Benefits NPS Investment Explained: Individual & Corporate Tax Benefits The…
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Income Tax
INCOME TAX - SECTION 80E DEDUCTION ON EDUCATION LOAN
INCOME TAX - SECTION 80E DEDUCTION ON EDUCATION LOAN Section 80E of the Income Tax Act, of 1961, allows for the deduction of interest paid on an educ…
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Income Tax
Pradhan Mantri Suraksha Bima Yojana - 13 Points to know
Finance Minister Arun Jaitley in Budget 2015-16 announced a low-cost personal accidental cover called Pradhan Mantri Suraksha Bima Yojana to increa…
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Deductions Chapter VI-A
LIC - New Jeevan Anand Policy (Table No. 815)
LIC - NEW JEEVAN ANAND POLICY (TABLE NO. 815) ज़िंदगी के साथ à¤ी, ज़िंदगी के बाद à¤ी Key Feature of Policy Plan: Minimum for 16 Years A…
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Income Tax
Section 80TTA Deduction- Interest on Bank savings deposit
Section 80TTA is introduced with effect from April 01, 2013 and will apply from AY 2013-14 and onwards. Section is introduced to provide deduction…
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Income Tax
Income Tax Benefits from House Property and Loan
Buying a House is nowadays is not easy considering the multifold hikes in property price in last 10-12 Years. It becomes almost impossible for midd…
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Deductions Chapter VI-A
Sukanya Samriddhi Account deposit eligible for Section 80C Deduction
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 09/2015 INCOME-TAX
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Income Tax
Deduction u/s. 80C for tuition / school / education fees
Deduction u/s. 80C for tuition / school fees paid for education of children Who is Eligible : Deduction for tuition fees u/s. 80C of the Incom…
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Income Tax
Deduction u/s 80GGA
Deduction in respect of certain donations for scientific research or rural development An assessee (other than an assessee whose gross total …
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Income Tax
Deduction U/s 80EE - Deduction of Interest on Loan Taken for residential house property
Deduction in respect of interest on loan taken for residential house property [Section 80EE, applicable from assessment year 2014-15] The provi…
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Income Tax
Income Tax Deduction U/s 80TTA
Section 80TTA has been inserted with effect from the assessment year 2013-14. It provides a deduction up to Rs. 10000 in aggregate to an assessee (…
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Deductions Chapter VI-A
Section 80G
Section 80G of the Indian Income Tax All the Salaried employees among us would be busy submitting investment declarations or proposed investme…
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Deductions Chapter VI-A
Section 80E
SECTION 80E- Deduction in respect of interest on loan taken for higher education Conditions (1) The Assessee is an individual and; (…
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Deductions Chapter VI-A
Section 80U
Section 80U - Deduction for disable persons How to claim deduction under section 80U of the Income Tax Act. Section 80U deals with the deduction…
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Deductions Chapter VI-A
Section 80D, 80DD and 80DDB
Every family has regular medical expenses. This may be towards a health insurance premium, or expenditure related to a family member’s disability…
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Deductions Chapter VI-A
Section 80CCG
Deduction in respect of investment mode under on Equity Savings Scheme (w.e.f. 01.04.2012) [Section 80CCG] Where an assessee, being a residen…
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Deductions Chapter VI-A
Section 80CCD
Section 80CCD Deduction in respect of contribution to pension scheme of Central Government An individual assessee employed by the Centr…
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Deductions Chapter VI-A
Deduction Under Section 80C
Deduction in respect of certain payments 1. Deduction in respect of Life Insurance premium, deffered annuity, contributions to provident fund, sub…
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