Income Tax Act Archives - The Fund Advisor

Section 80C Deduction on Investments

Post author:Nikita Dhyani
Post published:August 7, 2021
Post category:Save Tax for Government Employee
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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
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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…