Income Tax Act Archives - The Fund Advisor

Section 80C Deduction on Investments

Post author:Nikita Dhyani
Post published:August 7, 2021
Post category:Uncategorized
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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…

Income Tax Exemption on Relocation Allowance

Post author:Nikita Dhyani
Post published:April 5, 2021
Post category:Save Tax for Government Employee
Post comments:2 Comments

Relocation Allowance, as per Section 10 (14) of the Income Tax Act, 1961, read with Rule 2BB of the Income Tax Rules, 1962, is any allowance (including packing and transportation…