HDFC Bank Freedom Credit Card – Review, Reward & Features

HDFC Bank Freedom Credit Card

HDFC Bank Freedom Credit Card another cash back similar to HDFC cashback & HDFC Bharat. Freedom Platinum Credit Card is full of benefits for the cardholder. Let’s check in~ Table of Contents Freedom HDFC Credit Card FeaturesFreedom Credit Card HDFC BenefitsFee & ChargesEligibility For HDFC Freedom Cash Back Credit Card Freedom HDFC Credit Card Features A freedom credit card provides … Read moreHDFC Bank Freedom Credit Card – Review, Reward & Features

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 While up to 60% of the maturity corpus can be withdrawn as a lump sum on maturity, the balance is compulsorily annuitized for pension purpose after retirement.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”