Income Tax Exemptions refer to those incomes of a person which are not taxable at the time of calculating income tax. In India, Chapter III of the Income Tax Act, 1961 gives the provision for exemptions in Income Tax. All receipts which give rise to income are taxable unlessRead More
Under this section, deduction of up to Rs 40,000 can be claimed in respect of premium paid by cheque towards health insurance policy. Such premium can be paid towards health insurance ofRead More
Resident Individual Total Income Tax Rules Upto Rs 180,000 Nil Rs 180,001 to Rs 500,000 10% Rs 500,001 to Rs 800,000 20% Rs 800,001 and above 30% In the case of a resident individual below the age of sixty years, the basic exemption limit is Rs. 180000 Resident Woman Total Income Tax Rules Upto Rs […]
Tax planning can be simply understood as planning your taxes in such a way that you save maximum tax and use that investment efficiently. Most of the common investors get away from the word Tax planning, but believeRead More
