Section 80 Deductions

Understanding Tax Deductions & Chapter VIA
The Income Tax Act, allows for certain deductions from the gross total income of the assessee. These deductions are given under Chapter VIA of the Income...
Fri, 1 Mar, 2019 at 11:38 AM
Understanding Deductions under Section 80
The Income Tax Act provides tax filers many deductions through Chapter 6A which encompasses all of Section 80C, Section 80D, Section 80E etc. These ded...
Wed, 16 Jan, 2019 at 12:35 PM
Deductions under Section 80 C, 80CCC, 80CCD
Other Deductions under Section 80 C: Any payments towards a deferred annuity - For individual, on life of self, spouse or any child. Contributio...
Tue, 15 Jan, 2019 at 5:55 PM
National Saving Certificates
National Savings Certificates is a saving scheme under Indian post-offices. These certificates are highly secured and are designed for salaried employees an...
Wed, 27 Mar, 2019 at 3:37 PM
What is ELSS and why is it so popular?
Equity Linked Saving Schemes (ELSS) are specific open ended mutual fund schemes, investment in which can yield tax benefits of up to Rs.45,000. These scheme...
Fri, 18 Jan, 2019 at 11:26 AM
Deductions under Section 80D
This deduction is available to an individual or HUF whether resident or non resident. In case of an individual, deduction shall be aggregate of the fo...
Tue, 15 Jan, 2019 at 3:20 PM
Deductions under Section 80DD
7 things to know when an individual assesses or HUF uses deductions Section 80DD This deduction refers to the expenditure incurred on medical treatment ...
Tue, 15 Jan, 2019 at 12:08 PM
Deductions under Section 80DDB
The Section 80DDB deduction is with reference to medical expenses incurred on self or dependents. Dependents are defined as – For individual asses...
Tue, 15 Jan, 2019 at 3:23 PM
Deductions under Section 80G
With respect to Section 80G, no deduction is usually allowed by the employer from the salary income in respect to donations made for charitable purposes. Th...
Sat, 19 Jan, 2019 at 12:15 PM
Deductions under Section 80QQB
In case the assessee is an author of a certain specified category of books (other than text books) and receives royalty on these, he can avail a deduction a...
Tue, 15 Jan, 2019 at 6:04 PM