Tax Treatment of NSCs
National Savings Certificates are a popular way of claiming your Section 80C deductions. Lets take a...
Deduction of Tax from Salary U/s 192
Any person responsible for paying any income chargeable under the head “Salaries” is req...
Section 80CCD-Deduction New Pension Scheme
Section 80CCD allows an employee, being an individual employed by the Central Government or any oth...
Income Tax Deduction U/s 87A – Rs. 2000 Special Rebate
With a view to providing tax relief to the individual taxpayers who are in lower income bracket, a r...
Increase Limit of Deduction Under Section 80C
Under the existing provisions of section 80C of the Act, an individual or a Hindu undivided famil...
TDS 2% on Non-Exempt payment under Life Insurance Policy w.e.f 01.10.2014
Under the existing provisions of section 10(10D) of the Act, any sum received under a life insur...
Simple Tax Tips for Beginners
As you start out on your job and lay your hands on your first salary – make Tax Saving one of your...
Method of Calculation of Deduction Under Section 87A in Income Tax Act
Section 87A (Inserted by Finance Act 2013) Relevant for Assessment Year 2014-15 (Previous Year 2013-...
DEDUCTION FROM SALARY FOR F.Y. 2013-2014/ A.Y. 2014-2015
The deductions from Salary for Financial Year 2013-14 are the following: 1. Entertainment All...
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 Income Tax Act 1961 is available to ...