How To Make The Most Of Section 80C Deductions To Save Income Tax
Business | Edited by Nirmalya Sen | Friday February 19, 2021
Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals
Here Are Some Income Tax Deadlines To Keep In Mind
Business | Edited by Peter Noronha | Saturday July 4, 2020
CBDT has extended the time limit for filing income tax returns, making investments to claim income tax deductions and for furnishing TDS and TCS statements.
I-T Department Extends Deadline For Tax Savings Investments
Business | Edited by Peter Noronha (with inputs from agencies) | Friday July 3, 2020
The Central Board of Direct Taxes (CBDT) has extended the time limit for making investments to claim income tax deduction by a month till July 31, 2020.
Income Tax Slab: You Will Now Pay Rs 1.95 Lakh In Tax On Rs 15 Lakh Income In This Case
Business | Written by Sandeep Singh | Monday February 3, 2020
2020 Income Tax Slab: Finance Minister Nirmala Sitharaman used an example to explain the difference in tax liability for a person not claiming any exemptions. "A person earning Rs 15 lakh in a year and not availing any deductions etc will pay only Rs 1,95,000 as compared to Rs 2,73,000 in the old regime," she said.
Ahead Of Budget 2020, Know All About Income Tax Benefits Available Under Section 80C
Business | Edited by Sandeep Singh | Saturday February 1, 2020
Industry body FICCI or Federation of Indian Chambers of Commerce & Industry has called for an increase in the existing limit on income tax deduction available under Section 80C of the Income Tax Act.
Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold
Business | Edited by Sandeep Singh | Saturday February 1, 2020
Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.
Budget 2019: How To Claim Rs 3.5 Lakh Income Tax Deduction Against Home Loans
Business | NDTV Profit Team | Saturday July 13, 2019
The government has now proposed to introduce Section 80EEA to allow for an additional interest deduction of up to Rs 1.5 lakh on repayment of home loans.
Budget 2019: Electric Vehicles To Get More Affordable
Reported by Sameer Contractor, Written by CarAndBike Team | Friday July 5, 2019
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
Reported by Sameer Contractor, Written by Sameer Contractor | Friday July 5, 2019
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
Hike In Deduction On Home Loan Interest To Boost Realty Sector: Industry Body
Business | NDTV Profit Team | Saturday June 15, 2019
Industry body Assocham has recommended an increase in interest deduction on home loan to Rs 5 lakh from the current Rs 2 lakh.
Budget: Industry Body For Hike In 80C Income Tax Deduction To Rs 3 Lakh
Business | NDTV Profit Team | Saturday June 15, 2019
India Budget 2019: Assocham, in its Pre-Budget Memorandum has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs 3 lakh from existing deduction limit of Rs 1.5 lakh, among other demands on the income tax front. Assocham said the current limit needs to be revised with passage of time. A higher limit wi...
How Your Income Tax Outgo Is Set To Change Going Forward
Business | NDTV Profit Team | Monday April 1, 2019
While the income tax changes announced in Budget 2019 will take effect from the financial year 2019-20 (assessment year 2020-21), the existing laws define how much income tax individuals have to shell out for the year ended March 31 (FY2018-19).
Have You Fully Utilised Section 80C Income Tax Benefit? Here Are Key Things To Know
Business | NDTV Profit Team | Monday March 4, 2019
Section 80C of the Income Tax Act provides for a reduction up to Rs 1.5 lakh in taxable individual income in a year under certain conditions. From premium paid towards subscription/activation of a life insurance policy to subscription to mutual funds (under ELSS or Equity-Linked Saving Scheme), the Section 80C of the Income Tax Act provides for a ...
How Much Income Tax You Can Save In Assessment Year 2020-21
Business | NDTV Profit Team | Thursday February 28, 2019
Income tax changes: From the 25 per cent increase in standard deduction threshold to the existing Section 80C deductions, the taxpayer can make use of income tax laws to make most of the income earned in assessment year 2020-21.
All You Need To Know About Income Tax Benefit Under Section 80C
Business | NDTV Profit Team | Tuesday February 12, 2019
Income tax assessees can reduce their taxable income by Rs 1.5 lakh a year under Section 80 of the Income Tax Act.
How To Make The Most Of Section 80C Deductions To Save Income Tax
Business | Edited by Nirmalya Sen | Friday February 19, 2021
Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals
Here Are Some Income Tax Deadlines To Keep In Mind
Business | Edited by Peter Noronha | Saturday July 4, 2020
CBDT has extended the time limit for filing income tax returns, making investments to claim income tax deductions and for furnishing TDS and TCS statements.
I-T Department Extends Deadline For Tax Savings Investments
Business | Edited by Peter Noronha (with inputs from agencies) | Friday July 3, 2020
The Central Board of Direct Taxes (CBDT) has extended the time limit for making investments to claim income tax deduction by a month till July 31, 2020.
Income Tax Slab: You Will Now Pay Rs 1.95 Lakh In Tax On Rs 15 Lakh Income In This Case
Business | Written by Sandeep Singh | Monday February 3, 2020
2020 Income Tax Slab: Finance Minister Nirmala Sitharaman used an example to explain the difference in tax liability for a person not claiming any exemptions. "A person earning Rs 15 lakh in a year and not availing any deductions etc will pay only Rs 1,95,000 as compared to Rs 2,73,000 in the old regime," she said.
Ahead Of Budget 2020, Know All About Income Tax Benefits Available Under Section 80C
Business | Edited by Sandeep Singh | Saturday February 1, 2020
Industry body FICCI or Federation of Indian Chambers of Commerce & Industry has called for an increase in the existing limit on income tax deduction available under Section 80C of the Income Tax Act.
Industry Body FICCI Calls For Increase In Section 80C Income Tax Deduction Threshold
Business | Edited by Sandeep Singh | Saturday February 1, 2020
Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.
Budget 2019: How To Claim Rs 3.5 Lakh Income Tax Deduction Against Home Loans
Business | NDTV Profit Team | Saturday July 13, 2019
The government has now proposed to introduce Section 80EEA to allow for an additional interest deduction of up to Rs 1.5 lakh on repayment of home loans.
Budget 2019: Electric Vehicles To Get More Affordable
Reported by Sameer Contractor, Written by CarAndBike Team | Friday July 5, 2019
The NDA 2.0 government made some major announcements for pushing electric mobility in India as part of the Union Budget 2019. While the Indian auto sector did not witness any dramatic changes in tax norms, Finance Minister Nirmala Sitharaman recommended reducing the GST rate on electric vehicles from the current 12 per cent to five per cent in a bi...
Budget 2019: Government Recommends Reduction Of GST From 12% To 5% On Electric Vehicles
Reported by Sameer Contractor, Written by Sameer Contractor | Friday July 5, 2019
The Union Budget for 2019 has been announced and Finance Minister Nirmala Sitharaman made a number of promises for the overall development of the country's economy. While there haven't been major incentives for conventional vehicles in the auto sector, the government has recommended changes to the Goods Services Tax (GST) council for electric vehic...
Hike In Deduction On Home Loan Interest To Boost Realty Sector: Industry Body
Business | NDTV Profit Team | Saturday June 15, 2019
Industry body Assocham has recommended an increase in interest deduction on home loan to Rs 5 lakh from the current Rs 2 lakh.
Budget: Industry Body For Hike In 80C Income Tax Deduction To Rs 3 Lakh
Business | NDTV Profit Team | Saturday June 15, 2019
India Budget 2019: Assocham, in its Pre-Budget Memorandum has demanded that the deductions under the Section 80C of the Income Tax act should be increased to Rs 3 lakh from existing deduction limit of Rs 1.5 lakh, among other demands on the income tax front. Assocham said the current limit needs to be revised with passage of time. A higher limit wi...
How Your Income Tax Outgo Is Set To Change Going Forward
Business | NDTV Profit Team | Monday April 1, 2019
While the income tax changes announced in Budget 2019 will take effect from the financial year 2019-20 (assessment year 2020-21), the existing laws define how much income tax individuals have to shell out for the year ended March 31 (FY2018-19).
Have You Fully Utilised Section 80C Income Tax Benefit? Here Are Key Things To Know
Business | NDTV Profit Team | Monday March 4, 2019
Section 80C of the Income Tax Act provides for a reduction up to Rs 1.5 lakh in taxable individual income in a year under certain conditions. From premium paid towards subscription/activation of a life insurance policy to subscription to mutual funds (under ELSS or Equity-Linked Saving Scheme), the Section 80C of the Income Tax Act provides for a ...
How Much Income Tax You Can Save In Assessment Year 2020-21
Business | NDTV Profit Team | Thursday February 28, 2019
Income tax changes: From the 25 per cent increase in standard deduction threshold to the existing Section 80C deductions, the taxpayer can make use of income tax laws to make most of the income earned in assessment year 2020-21.
All You Need To Know About Income Tax Benefit Under Section 80C
Business | NDTV Profit Team | Tuesday February 12, 2019
Income tax assessees can reduce their taxable income by Rs 1.5 lakh a year under Section 80 of the Income Tax Act.
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