Section 80U of Income Tax Act Under income tax act, various tax benefits are offered to individuals or their dependents who are suffering from certain disabilities. As per section 80U of the income [...]
Section 80CCD of Income Tax Act An individual can claim deduction on his or her contribution towards National pension scheme (NPS) or Atal Pension Yojna (APY) under section 80CCD of the income tax [...]
Section 80CCC of Income Tax Act An individual can claim tax deduction on his or her contribution towards certain pension funds under section 80CCC of the income tax act, 1961. The amount which [...]
What is Form 15G & Form 15H? Form 15G & Form 15H are the forms which are submitted to banks by the individuals in order to prevent themselves from tax deduction on the interest income earned in a [...]
Section 80RRB of Income Tax Act Section 80RRB is introduced by the income tax department for individuals to claim deduction on the royalty of their patents. It is basically done to encourage [...]
Section 80GGB of Income Tax Act Section 80GGB is introduced by the government for the companies to claim tax deduction on the donations made by them to the registered political parties or electoral [...]
Section 80GGC of Income Tax Act Section 80GGC is introduced by the government for the individuals who make donations to political parties or electoral trusts are eligible to claim deduction in [...]
Income Tax Deduction under Section 80E As per section 80E of the income tax act, 1961 – Any individual can claim deduction on the interest paid on education loan to pursue higher studies after [...]
What is Income Tax Form 26AS? Form 26AS is an annual consolidated tax credit statement uploaded by the tax department so that every taxpayer can verify his or her amount of calculated tax before [...]
Section 80GGA of Income Tax Act Donations made towards scientific research or rural development is allowed for 100% exemption under section 80GGA. This deduction is applicable to all tax payers [...]
