We all know the importance of investing at an early age. Investing in the share market or your financial assets will give you higher returns in the future. Furthermore, based...

LIC Health Insurance Plans– LIC stands for Life Insurance Corporation, is an Indian statutory investment and insurance organization, which was established on 1 September 1956 under the ownership of the...

Section 80CCD of the Income Tax Act, 1961 permits Income Tax allowances to singular expense person on the contribution made towards the told annuity plans from the Central Government which...

The Income Tax Act permits deduction while finding out the complete available pay to each assessee. One such deduction is permitted under Section 80G of the Income Tax Act, 1961...

Hindu Undivided Family (‘HUF’) is treated as an ‘individual’ under segment 2(31)​ of the Income-charge Act, 1961 (thus after alluded to as ‘the Act). Hindu Undivided Family is a different...

Section 24 of the income tax act,1961 defines that any individual can claim tax deductions on the interest paid for the property or home loans. Section 24 is also known...

Any amount in any given year, for the payment of medical insurance from the total income by any individual or HUF (Hindu undivided family), is liable to claim for deduction...

Section 80CCC of the income tax act provides the taxpayer a rebate up to rs.1.5 lacs per annum for the amount of share (contribution) they paid to the respective pension...

Section 80C of the Income Tax Act allows a deduction of up to Rs 1.5 lakh per annum. Under the section, individuals can invest in several savings schemes to claim...

  Section 80EE came into force from the financial year 2013-14. It was available only for 2 years, FY 2013-14 and FY 2014-15. Earlier the deduction allowed was limited to...