Save Tax for Government Employee Archives - Page 2 of 8

HUF: Hindu Undivided Family of the Income-tax Act, 1961

Post author:Nikita Dhyani
Post published:August 16, 2021
Post category:Save Tax for Government Employee
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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: Interest on Home Loan

Post author:Nikita Dhyani
Post published:August 16, 2021
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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…

Section 80D – Medical Insurance

Post author:Nikita Dhyani
Post published:August 13, 2021
Post category:Save Tax for Government Employee
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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…