Income Tax

Deduction under section 80D is another option for the taxpayers to claim from his total income. The taxpayer is eligible is to take benefit under section 80d deduction of the income tax act. Section 80D talks about health insurance premium and checkup expenditure, if you have incurred expenses towards medical insurance or medical checkup, then … Read more

Advance Tax is the estimated calculation of Income-tax which is quarterly paid. Advance tax is paid for the income from other sources which required to calculated by the taxpayer by himself. Employer use to deduct TDS from the salary paid to the employee, there is no question of advance tax from the salary income, so no … Read more

Better be aware of filling income tax return on time, Income tax penalty under section 234F is introduced from the financial year 2017-2018. This is also known as the penalty for not filing itr. In this article, we understand the consequences and impact of filing late income tax return. Although filling income tax is not … Read more

“80G” of the income tax act is the vast topic, this article reveals the facts on Tax deduction donation under section 80G made to certain charitable institutions under section 80g of income tax act. Charity is treated as humanity towards society, help for the poor, that’s why Government provides relief under section 80g of the income tax … Read more

Buying your own house always being a priority for the salaried person, although there are several options available in the market to get the home loan. An option of a home loan is also not easy for the employee, most prefer to rent the house. Deduction under section 80gg is introduced to avail the benefit of … Read more

Filing income tax return online, the employee tax return is always being a difficult task every year, You have to run behind the tax consultant and your employer for preparing complete documents and filing your return. After going through this article “, you will not only fill your return but also become friendly with Income … Read more

  No change has been introduced in the Rebate u/s 87A via the Budget 2020. What is rebate under section 87a, It is introduced for the individual to participate and encourage the individual to fill income tax return. In this article, you will get a Complete Guide on Rebate under Section 87A to Individuals. Tax … Read more

The major part of Indian economy still in the hands of lower and middle-class people. They use to keep their savings in the form of Fixed deposits in the Banks, the most trustable form of keeping your money and get back with interest. Once a year, everybody heard about Form 15G and 15H. In this article, … Read more