Income Tax Filing

PPF Forms : Opening, Withdrawal, Closure

PPF Account is one of the best investments to save tax under Section 80C. Depending on your requirement, there are…

5 years ago

How to Prematurely Close or Partially Withdraw PPF – Public Provident Fund

As explained earlier, PPF investment, returns and withdrawal are tax free and are covered under Section 80C Deductions. Read below…

5 years ago

PPF – Public Provident Fund – How to Open, Features, Deductions

Public Provident Fund, commonly known as PPF offers an attractive interest of 8%. Read below to understand more about history…

5 years ago

Section 16 : Standard Deduction, Entertainment Allowance & Professional Tax Deduction

Before FY 2018-19, Standard Deduction comprised of deductions as Transport Allowance (₹19,200) and Medical Allowance (₹15,000) but for FY 2018-19…

5 years ago

Section 24 – Deductions from House Property Income

The Indian Government in every way supports the dream of millions of Indians to own a home. Through various of…

5 years ago

Section 80DDB – Diseases Covered & Deductions Allowed

Under Section 80DDB, taxpayers having dependents with specified diseases(mentioned below) can claim deductions up to ₹1 Lakh for payment made…

5 years ago

Section 80 Deductions – Claim deductions other than under Section 80C

As mentioned earlier Section 80C allows deductions of up to ₹2,00,000 in your taxable income. There are a few other…

5 years ago

Section 80C Investments – Interesting Facts

Section 80C is the most important provision to save tax by accommodating a long list of expenditures or investments. Here…

5 years ago

Section 80C Investments – Explained in Brief

Section 80C takes up considerable space on Form 16 and enables you to reduce your taxable income by up to…

5 years ago

What is Form 16? Describing Form 16A & Form 16B

Form 16 is a TDS(Tax Deducted at Source) Certificate issued by your employer. It contains a detailed record of income…

5 years ago