Section 80CCD – Deduction for Contribution to Pension Funds (NPS & AYP) by employee, employer and voluntary contribution
Section 80CCD of the Income Tax Act, 1961 is a provision that provides tax benefits for contributions made towards the …
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Section 80TTA: Deduction for Interest Income
Section 80TTA of the Income Tax Act, 1961 is a provision that provides tax benefits on interest income earned from …
Section 80GG: Deduction of Rent Paid
Very few taxpayers are aware about this section, while this section has lots of benefits and available for Salaried as …
Section 80E: Deduction of Interest on Education Loan
Section 80E of the Income Tax Act, 1961 is a provision that offers tax benefits on the repayment of education …
Section 80U: Deduction for person with disability
Section 80U of the Income Tax Act, 1961 is a provision that provides tax benefits to individuals with disabilities. It …
Section 80G – Deduction for Donation to charitable institutions
Section 80G of the Income Tax Act, 1961 is a provision that allows individuals and organizations to claim deductions on …
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 …
Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â
![Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-14-768x432.jpg.pagespeed.ic.nuq9z5fgT9.jpg "Exempt Income of Charitable Institution or Fund [Section 10(23C)(iv)]Â")
Any income of a charitable institution or fund which is approved by the Principal Commissioner or Commissioner having regard to …
Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â
![Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-13-768x432.jpg.pagespeed.ic.BeRAZ1xRFv.jpg "Exempt Income of Educational Institutions [Section 10(23C)(iiiab)/(iiiad)/(vi)] Section 10(23C)(iiiab)Â")
Income of any university or other educational institution existing solely for educational purposes and not for purposes of profit, and …
Exempt income of a professional association [Section 10(23A)]Â
![Exempt income of a professional association [Section 10(23A)]Â](https://taxupdates.cagurujiclasses.com/wp-content/uploads/2023/07/xblog-12-768x432.jpg.pagespeed.ic.OKR0GeFsJx.jpg "Exempt income of a professional association [Section 10(23A)]Â")
Any income (other than income from house property and income from rendering any specific service or income by way of …
