NPS tax benefits u/s 80CCD(1), 80CCD(2) and 80CCD(1B)

NPS tax benefits

National Pension Scheme NPS is largely focused on one’s retirement. While up to 60% of the maturity corpus can be withdrawn as a lump sum on maturity, the balance is compulsorily annuitized for pension purpose after retirement. National Pension Scheme (NPS), everyone heard about it, In this article, we will cover all about NPS features, … Read moreNPS tax benefits u/s 80CCD(1), 80CCD(2) and 80CCD(1B)

Tax relief under section 89(1) on salary arrears – Download Excel Calculator

relief under section 89

Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89”. Let’s understand: Table of Contents What is tax relief … Read moreTax relief under section 89(1) on salary arrears – Download Excel Calculator

Section 44ADA : Presumptive Professional Income AY 2019-20

Section 44ADA Presumptive Professional Income

Section 44ADA was introduced from 01 April 2017, focusing the income of professional under the presumptive professional scheme. Section 44ADA is as similar to section 44AD, the only difference is the section 44ad head Presumptive Professional Income for small business and Section 44ADA is for professionals (u/s 44AA(i)). The purpose of the introduction of this … Read moreSection 44ADA : Presumptive Professional Income AY 2019-20

Section 44AD : Presumptive Income under Income Tax Act

Section 44AD

Section 44AD Presumptive Income under Income Tax Act under this scheme a small businessman with a turnover of 2 crores can opt for section 44ad. Table of Contents Features of this scheme – Section 44ADEligibility criteria to avail tax benefit under section 44ADSection 44AD with ExampleSkip section 44AD for next yearLet’s understand with ExampleFAQ on … Read moreSection 44AD : Presumptive Income under Income Tax Act

Deduction on Interest Income u/s “80TTA & 80TTB”

Deduction on Interest Income under Section 80TTA/ 80TTB

How to claim the deduction on interest income under section 80TTA/ 80TTB? Yes, Under section 80TTA, if you earn income your bank deposit, that would be exempted (but not wholly). The income received in the form of interest from a bank savings account is taxable, however, amount up to ₹ 10000 is exempted u/s 80tta. Income interest from … Read moreDeduction on Interest Income u/s “80TTA & 80TTB”

HDFC Bharat Cashback Credit Card – Review & Highlights

HDFC Bharat Cashback Credit Card review

HDFC Bank recently launches HDFC Bharat CashBack Credit Card for the customers who have just begun their career and their pay scale comes under ₹ 2 lakh and ₹ 4 lakh. This card is in collaboration with Bharat Petroleum (BP) Group. Which brings HDFC Bharat CashBack Credit Card into play. This card holds some excellent … Read moreHDFC Bharat Cashback Credit Card – Review & Highlights

HDFC Solitaire Credit Card Review – Women’s Choice

HDFC Solitaire Credit Card

HDFC Solitaire Credit Card basically introduced and designed looking at the women psychology, This card is especially for their female customers. Women are considered as more shopping online offline both. This Credit Card is very attractive features and beneficial for both bank services as well as women customers. Table of Contents Compiled information of Solitaire … Read moreHDFC Solitaire Credit Card Review – Women’s Choice

IRCTC RuPay Pre-Paid Debit Card Review and Highlights

irctc ubi prepaid card

IRCTC UBI prepaid card exclusively for booking train tickets on railway IRCTC portal. Union Bank of India in collaboration with IRCTC launches its prepaid card for the customers of their bank. It is also known as IRCTC RuPay Debit Card. RuPay is India’s first payment gateway system launched by National Payments Corporation of India (NPCI). … Read moreIRCTC RuPay Pre-Paid Debit Card Review and Highlights