Sat, Jul 13, 2024
Income Tax Season: The last date to file the income tax return (ITR) is July 31, 2024. There are a number of taxpayers in salary brackets of Rs 10 lakh and above who are in confusion whether to choose the old or the new tax regime. Through expert calculations, know which of the options you may chose to get maximum tax benefits.
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Fri, Jul 12, 2024
Section 80C Tax Benefits: Tax saving is an important exercise for many taxpayers. In the old and the new, there are many sections which pertain to tax saving. In the old tax regime, Section 80C of the Income Tax is one such option. One can save up to Rs 1.50 lakh tax on deposits in investments options with lock-in period of three years above. Many of the post office schemes such as PPF, NSC, RD fall in the 80C tax saving category.
Wed, Jun 19, 2024
Post Office schemes for women: The Mahila Samman Savings Certificate, a government-backed certificate of deposit (CoD) scheme, is tailored for women and minor girls, providing a lucrative avenue for savings with competitive interest rates and flexible deposit terms. On the other hand, the Sukanya Samriddhi Account (SSA) is a government-backed savings scheme designed to secure a bright future for girl children in the country. While both small savings schemes offer competitive interest rates, they both offer their own unique features. Read on to learn more about the Mahila Samman Savings Certificate and the Sukanya Samriddhi scheme.
Thu, Jun 02, 2022
Section 80CCD relates to the deductions available to individuals against contributions made to the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). Contributions made by the employers towards the NPS, also come under this section. NPS is a notified pension scheme from the Central Government.
Wed, Jun 01, 2022
Under Section 80C, a taxpayer can lower their overall taxable income by a maximum of Rs 1.5 lakh per year. As there is a limit of Rs 1.5 lakh per year, most taxpayers wish to reduce their taxes. here know What is Income Tax Section 80C.
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