-
Home loan, education loan and electric vehicle loan are few options, that offer tax deduction under Section 80E
-
Tax deductions available against contributions made towards National Pension Scheme (NPS) or the Atal Pension Yojana (APY) fall under Section 80CCD
-
Effectively, individuals can maximise tax benefit under section 80D to a total of Rs 75,000
-
Health insurance can be a useful tool to cut your tax outgo and increase savings
-
You can claim tax deduction on investments up to Rs 1.5 lakh in avenues specified under section 80C of the Income Tax Act
-
Of this, personal income tax refunds of Rs 71,865 crore have been issued to over 1.99 crore taxpayers
-
Last-minute tax-planning leads to hurried, poorly thought decisions which could prove costly later
-
Personal income tax refunds of Rs 70,572 crore have been issued to over 1.92 crore taxpayers, and corporate tax refunds of Rs 1.27 lakh crore have been issued in 2.19 lakh cases
-
This time of the year when salaried professionals have to submit proof of tax saving investments. “If you don’t submit your investment proofs to the employer, they will compute your tax without giving the benefit of deductions like 80C and 80D. As a result, more tax will be deducted from your salary and you will […]
-
ELSS funds primarily invest in shares