The Hindustanpost

[...] Section 80C is very widely known tax deduction section which allows tax benefits on various investments and expenses to an individual. Along [...]

[...] or interest amount is taxable in the same financial year in which you have earned it. However, tax deduction of Rs. 10000 on interest income earned from saving account can be claimed by the tax payer [...]

[...] two components. One is the principal amount and the other one is interest on principal amount. Tax deduction on education loan is allowed only for the interest components that you paid during the [...]

[...] for tax deduction on health insurance – Section 80D Section 80D allow tax deduction on health insurance to an individual and HUF. To claim this deduction on health insurance [...]

[...] Income tax return filling has become simpler and more convenient than the earlier process of filling it used [...]

[...] Non resident Indians or NRIs are required to file their income tax return in India if either of the following condition is fulfilled; Taxable income during the [...]

[...] It’s mandatory for an individual to file his or her income tax return if income for that financial year exceeds the basic exemption limit as specified in the act ( [...]

[...] Every individual liable to pay tax in India is required to file income tax return before the due date as specified in income tax act. Due date is different from person to [...]

[...] to you. By reading the above provisions a general question will arise in mind that how about tax liability being less than Rs.2000. In this case will I be eligible for tax rebate of Rs. 2000. This [...]

[...] individual has additional income from any other source and by including such income, net tax liability are going to be Rs 10000 or more then such salary individual need to pay advance tax. Salary [...]

[...] taxable i.e. Rs. 6480 (24000-17520) The post How to compute house rent allowance exemption and tax liability appeared first on The Hindustanpost. [...]

[...] drawbacks of One Person Company in comparison to sole proprietorship business is that it’s tax liability. One Person Company is taxed at the rate of 30% on its Net taxable income of the financial [...]

[...] PPF, principal payments to housing loan are also eligible for deduction under section 80C of income tax act. If you already have investments in any of these eligible investments as specified under [...]

[...] and flexibility of regular periodic income. Tax deduction on fixed deposit Section 80C of income tax act deals with tax deduction on fixed deposit. To know the tax deduction or benefits of bank FD [...]

[...] to PPF scheme is eligible for income tax deduction every year under section 80C of income tax act. At the time of withdrawal also tax payers are not liable to income tax. In case of fixed [...]

[...] IT return. Who is eligible for tax deduction on bank interest? According to section 80TTA of income tax act, benefit of tax deduction on bank interest income is available to an individual or HUF. If [...]

[...] For individuals, certain tax deductions and exemptions are allowed while calculating taxable income. These deductions are specified [...]

[...] but few of them know tax benefits on education loan. In this article we will let you know tax deductions on education loan and how to claim such deduction in your IT return. Repayment of education [...]

[...] . Also read: How to invest in Public Provident Fund scheme The post Investment benefits and Tax deductions on fixed deposit appeared first on The Hindustanpost. [...]

[...] Most individuals know that income tax deductions are all about investing in PPF, mutual fund, LIC or on payment of home loan or tuition fees [...]