Deductions
As per Section 80CCD(1B), individuals who are employees or self-employed can claim an additional deduction of ₹50,000 when they contribute to the NPS or the...
Thu, 25 Apr, 2024 at 3:45 PM
Section 80CCD(2) of the Income Tax Act gives employed individuals the benefit of claiming income tax deductions for contributions made by their employer. ...
Thu, 11 Apr, 2024 at 12:16 PM
Section 80CCE allows deduction on certain Investments (ELSS, PPF, EPF, NSC, Sukanya Samriddhi Saving Scheme, SCSS etc.) and Expenses (Life insurance premium...
Thu, 11 Apr, 2024 at 12:18 PM
Section 80CCH provides deduction on contribution made to the Agni veer Corpus fund. It provides tax benefits to the individuals enrolled in the Agnipath Sch...
Wed, 10 Apr, 2024 at 5:19 PM
Section 80D of the income tax allows individuals and HUFs (Hindu Undivided Family) to claim a deduction for the amount paid towards medical expenditures (Me...
Wed, 10 Apr, 2024 at 5:29 PM
Section 80E allows a deduction for interest paid on repayment of education loans taken for higher education. The deduction u/s 80E is not available for prin...
Thu, 11 Apr, 2024 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 am...
Wed, 10 Apr, 2024 at 6:04 PM
Section 80EEB allows a tax deduction to individual taxpayers for interest paid towards purchasing electric vehicles. The eligible deduction is INR 1,50,000...
Thu, 11 Apr, 2024 at 12:12 PM
Section 80G allows Individuals, HUFs, and businesses to claim income tax deductions for donations made to certain relief funds and charitable institutions. ...
Thu, 11 Apr, 2024 at 12:29 PM
Section 80GG allows a tax deduction for rent paid for furnished or unfurnished accommodation. The deduction is allowed to taxpayers who do not receive any H...
Thu, 11 Apr, 2024 at 12:36 PM