Basics Of Income Tax

In this first blog of Basics Of Income Tax we will talk on two topics: Standard DeductionSection 80 No matter in which tax bracket you are above two aspect certainly going to affect you’re of tax liability. Earlier Standard Deduction of Rs. 40,000 was done from gross salary, but from …

Welcome to second article / blog on Basics Of Income Tax in this blog we (VriddhiIndia) will talk about Sub Section 80CCD(1B) & 80CCD(2), Investment under these sub sections can be utilized to take tax rebate over & above Rs. 1.5 Lac. Section 80CCD(1B) Form our first blog on Basics …

Hi there, if you are one this page we could assume that you have gone through our last to article (if not please click).  In our last two blog piece we had talked about Section 80C, 80CCD, 80CCD(1B); these sections were used to save up to Rs. 2 Lac (baring …

Hey welcome back, lets begun our today’s blog & learn some tax saving opportunities. While filling the income tax ever year you must have heard the term Form 26AS. Form 26AS is a statement which give details of tax deducted from your salary, it also put light on how much …

Welcome to another segment of our blog on Basics Of Income tax, we have started our journey from section 80C topic & in our last topic we have learned about deduction option on interest income via section 80TTA(1)/80TTB. Now we will move further in to section 80 to study n …

Home loan is a type of loan which a working taxpaying citizen takes in its life time at least once. Deduction using home loan Section 24 provides us biggest opportunity on saving tax but it’s least understood especially by new applicants. Those who have taken loan earlier must have gone …

Hi all hope you all are doing great! As promised today we will share you with actual examples of deduction. In these examples we will make use of the sections & sub sections we have learned till date. By this we will be going to see how much an individual …