ITR filing FY2024: What tax benefits do senior citizens receive on medical insurance
Maintaining proper management of health conditions is imperative to prevent complications in later years, as individuals become increasingly susceptible to …
80D
Section 80CCC – Contribution to Pension funds
When it comes to reducing tax liabilities, Indian taxpayers often utilize various provisions under the Income Tax Act. Three commonly …
Section 80D – Get Rs.100000 Tax Free as deductions for health insurance premiums & preventive health check-ups.
Tax Deduction on Health Insurance Premiums: Under Section 80D, taxpayers can claim a deduction on the premiums paid for health …
Tax planning before March 31: Do’s and dont’s for the last-minute tax saver
Even with increased awareness about tax planning, many people procrastinate until March 31 to make tax-saving investments. This can lead …
Income Tax Deductions: All Deductions u/s Section 80C to 80U for FY 2023-24 & FY 2024-25
What is Income Tax Deduction under Chapter VI A of Income Tax Act? Section Description Eligibility Maximum Deduction 80C Investments …
18 Most common Deductions to claim in Income Tax Return
Read Detailed explanation: https://taxupdates.cagurujiclasses.com/section-80c-detailed-explanation/#more-365 2. Section 80CCD (1B): Investments up to Rs. 50,000 in NPS (National Pension Scheme). Read Detailed …
Section 80DD:Deduction in respect of expenditure on medical treatment of a dependent, being a person with disability
A resident individual/HUF, incurring expenditure on maintenance of relative dependent, being a person with a disability, can claim deduction under …
Section 80D : Deduction in respect of medical insurance premium
Payment of premium on life insurance policies and health insurance policies not only secure your life and give insurance coverage, …
