Tax Benefits in National Pension System (NPS) National Pension System (NPS) is one of the good retirement scheme in India.However, many of us do not know about Tier-I and Tier-II accounts eligibility or tax implications. Many investors invest in Tier-II and expect to get income tax benefits u/s 80C. Some investors are withdrawing NPS funds […]
List of Income Tax Deductions to save income tax from 2018-2019 There are several income tax deductions which a taxpayer can claim to save income tax. Some are applicable to salaried employees and some are applicable to business individuals. Many of us do not know some of the income tax saving options which we can […]
How to claim 80C deductions while filing income tax returns if we missed earlier? 80C deductions are crucial for tax payers as it provides some relief to them and save income tax. However, there are cases where you would have invested in 80C exempted investments, however missed to inform employer or forgot to inform employer. […]
How to claim Health Insurance under Section 80D from 2018-19 Health insurance Plans are important for us which would help to avoid high cost hospitalization expenses. We can claim premium paid for health insurance plan under section 80D. It could for the premiums paid for self or family or for parents, we can claim such […]
New ITR Forms for FY2017-18 – AY2018-19 – Which ITR Form Should you file? Few days back, Central Board of Direct Taxes (CBDT) has issued new ITR forms for Financial Year 2017-2018 i.e. Assessment Year 2018-2019. Now salaried individuals need to furnish more details in the Income Tax Return (ITR) forms from this year. NRI’s […]