As explained earlier, PPF investment, returns and withdrawal are tax free and are covered under Section 80C Deductions. Read below…
Public Provident Fund, commonly known as PPF offers an attractive interest of 8%. Read below to understand more about history…
Before FY 2018-19, Standard Deduction comprised of deductions as Transport Allowance (₹19,200) and Medical Allowance (₹15,000) but for FY 2018-19…
The Indian Government in every way supports the dream of millions of Indians to own a home. Through various of…
Under Section 80DDB, taxpayers having dependents with specified diseases(mentioned below) can claim deductions up to ₹1 Lakh for payment made…
As mentioned earlier Section 80C allows deductions of up to ₹2,00,000 in your taxable income. There are a few other…
Section 80C is the most important provision to save tax by accommodating a long list of expenditures or investments. Here…
Section 80C takes up considerable space on Form 16 and enables you to reduce your taxable income by up to…
Form 16 is a TDS(Tax Deducted at Source) Certificate issued by your employer. It contains a detailed record of income…
All of our salaries or payments are credited in our bank accounts and we earn a small interest of 4-6%…