Incomes to remember when filing your ITR The following are the incomes which are need to be filed without fail during the process of ITR: Tax on saving account interest: Interest on savings account is taxable as per Income tax…
Income Tax Returns
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Income Tax Return- Forms
Income Tax Return Tax return is a form that you are required to file and contains information about your income as well as tax liability thereon. You are required to file these tax return forms with the Income Tax Department….
Tax Benefits on Fixed Deposit
Fixed deposits are a popular investment option in the country, with banks offering a range of schemes specially designed to benefit customers. A fixed deposit is typically used as a savings cum growth instrument and can be an excellent way…
Tax Benefits
Home Loan Tax Benefit The Indian government has always shown a great inclination to encourage citizens to invest in house. This is why a home loan is eligible for tax deduction under section 80C. And when you buy a house…
Tax Benefits-Disabled Individual
Section 80U – Tax Deduction for Disabled Individuals There are certain sections under the income tax laws of India which provide certain tax benefits to individuals if either they or any of their family members are suffering from certain disabilities….
Tax benefits on Specified Illness
Income Tax Department offers tax deduction for certain specific diseases to individuals and HUFs under Section 80DDB on the basis of expenses incurred by him for the treatment of such diseases or ailment. As per section 80DDB of the Income Tax Act,…