Filing ITR? These Expense-Based Deductions can save your Income Tax u/s 80C to 80U
Filing your income tax return can be a daunting task, but understanding the deductions available to you can significantly ease …
How to save tax
Income Tax Slab Rates: New Tax Regime Vs Old Tax Regime | Which can save your tax? know in 60 seconds
The Income Tax Act of India provides taxpayers with a choice between two tax regimes: the old tax regime with …
Gifting shares? Bombay HC ruling clarifies capital gains tax treatment
In a potentially significant decision for wealth transfer strategies, the Bombay High Court has ruled that gifting shares may not …
Form 15G and Form 15H: Your Key to Tax Savings – Submit to Bank in April 2024
Are you tired of seeing your hard-earned savings dwindle due to hefty TDS deductions on your interest income? Well, fear …
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 …
New GST & Income tax Rules Effective from April 1, 2024, Prepare for new financial year
In line with the evolving tax landscape, several amendments and recommendations are set to take effect from April 1, 2024. …
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 …
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, …
Section 80C – Detailed explanation
Deduction in respect of life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, …
