Tax Breaks
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Tax Breaks or Tax Deductions refer to the claims made to reduce taxable income. Individuals can claim income tax deductions on certain investments and expe...
Thu, 27 Apr, 2023 at 12:06 PM
Section 80TTA/TTB allows individuals to claim the deduction for interest received on all saving bank accounts of up to ₹10,000. As per the Income Tax ...
Thu, 27 Apr, 2023 at 12:20 PM
Section 80EE allows individuals to claim the deduction for interest paid on the home loan taken for the first residential house. The eligible deduction...
Thu, 27 Apr, 2023 at 12:14 PM
Section 80GG allows individuals a deduction for rent paid for furnished or unfurnished accommodation. The deduction is allowed to taxpayers who do not rec...
Fri, 28 Jul, 2023 at 1:56 PM
Under Section 80CCD(2), the deduction is available on employer's contribution to NPS (National Pension Scheme). An employer can make contributions tow...
Fri, 28 Jul, 2023 at 2:24 PM