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Section 80D

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From Side Hustle to Tax Puzzle: A Freelancer’s Guide to Taxes

CA, CS, CMA : Discover the complexities of tax compliance for freelancers and gig workers, from understanding income sources to navigating legal...

June 8, 2024 1059 Views 3 comments Print

Deduction under Section 80 from ITR filing perspective

Income Tax : Learn about key deductions under Section 80 for Income Tax Returns (ITR) filing. Explore benefits, limits, and eligibility criteri...

June 3, 2024 783 Views 0 comment Print

Deductions under Section 80: A Pathway to Tax Savings for Individuals and Businesses

Income Tax : The Income Tax Act's Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most import...

April 15, 2024 15771 Views 0 comment Print

TOP 7 Tax Saving Options Other Than 80C- For FY 2023-24

Income Tax : Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home...

March 29, 2024 9936 Views 0 comment Print

Income Tax Calculations – With Deduction and Without Deduction

Income Tax : Learn about the intricacies of income tax calculations with and without deductions. Explore tax slabs, deductions, and their impac...

March 22, 2024 3492 Views 1 comment Print


Latest News


Section 80D Mediclaim- Allow Pro-rata deduction of single premium paid

Income Tax : Pro-rata deduction of single premium paid in year one should be allowed over the term of the policy. E.g. if the premium paid is R...

January 22, 2018 3231 Views 0 comment Print

Aviva Life Insurance launches online health plan – Aviva Health Secure

Income Tax : Aviva Life Insurance today announced the launch of its online health plan – Aviva Health Secure. The plan provides the policyhol...

June 4, 2012 933 Views 0 comment Print

Budget 2010-11: Deduction in respect of contribution to the Central Government Health Scheme

Income Tax : It is, therefore, proposed to also allow deduction in respect of any contribution made to CGHS by including such contribution unde...

February 27, 2010 1430 Views 0 comment Print


Latest Judiciary


Section 24(b), 80C & 80D Deduction Can’t Be Denied for Not Claiming in ITR

Income Tax : In Sandip Chattopadhyay vs. ITO case, ITAT Kolkata ruled that deductions under sections 24(b), 80C, and 80D cannot be denied for n...

September 1, 2023 6147 Views 0 comment Print


Latest Notifications


Govt Extends due dates under Income Tax Law & Benami laws

Income Tax : Vide Income Tax Notification No. 35/2020 dated 24.06.2020  govt extends  Due date for ITR for FY 2018-19  upto 31.07.2020, Last...

June 24, 2020 257331 Views 11 comments Print

Section 80D: CBDT notifies Ex-Servicemen Contributory Health Scheme

Income Tax : Central Government hereby notifies the Ex-Servicemen Contributory Health Scheme of the Department of Ex-Servicemen Welfare, Minist...

September 26, 2018 747 Views 0 comment Print

S. 80D CBDT notifies Contributory Health Service Scheme of Department of Atomic Energy

Income Tax : Central Government hereby notifies the Contributory Health Service Scheme of the Department of Atomic Energy for the purposes of s...

February 16, 2018 1371 Views 0 comment Print

S. 80D Contributory Health Service Scheme of Department of Space notified

Income Tax : Notification No. 6/2014-Income Tax In exercise of thy powers conferred by clause (a) of sub-section (2) of section 80D of the Inco...

January 15, 2014 5207 Views 0 comment Print


Section 80D of Income tax Act, 1961

May 23, 2021 10086 Views 3 comments Print

Understand Section 80D of Income Tax Act, 1961. Learn about the applicability, definitions, and deductions available for individuals and families.

Section 80D deduction – Mediclaim ( Medical Insurance Premium )

May 17, 2021 13932 Views 2 comments Print

Section 80D – Deduction in respect of Medical Insurance Premium (Mediclaim) Tax deductions can be availed on individual health insurance or family floater plans. Premiums paid towards health insurance taken for self, spouse, dependent children and/or dependent parents are allowed for deduction. Deduction under section 80D is allowed only to Individual and HUF, No other […]

Tax planning for Individuals under Income Tax Act

April 24, 2021 17781 Views 3 comments Print

Paying tax is an important responsibility of an individual towards a nation, however, at the same time, with financial planning you can save your taxes while fulfilling your responsibility by using the tax saving schemes given by the government. Tax planning is an integral part of a financial plan that helps in the reduction of […]

When to Say No to Cash Transaction under Income Tax Act, 1961

April 11, 2021 50991 Views 3 comments Print

A. Income Tax Act, 1961 discourages transactions in cash through several of its provisions. This is done with a view to- counteracting money laundering and tax evasion; encouraging transparent business practices; providing enabling environment for growth of transparent businesses; & easing of auditing and investigations. B. The provisions relating to cash transactions are broadly summarized […]

Allowable Deductions from Income while Filing Return of Income

December 27, 2020 11754 Views 4 comments Print

Deductions from Gross Total Income This Article covers the common deductions which can be claimed while filing Income Tax Return. Most Common Deductions are classified in the following Categories for easy understanding- 1. Income Based Deductions 2. Standard Amount of Deductions 3. Investment Based Deductions 4. Expenses Based Deductions Before going to any Specific Deductions, […]

Special tax benefits for senior citizen under Income Tax Act 1961

December 18, 2020 67914 Views 16 comments Print

Senior citizens in every country are given special treatment in various forms. In India senior citizens are given concession in train tickets, medical expenses cost etc. Similarly senior citizen are given special benefits under Income Tax Act as well. In this article we will understand meaning of senior citizen and various benefits available to senior […]

Cash restrictions under income tax act (with illustrations)

December 11, 2020 27675 Views 3 comments Print

Keeping a check on cash transactions under income tax (with illustrations) INTRODUCTION: We come across a common saying ‘Cash is King,’ however idle cash can never generate any interest income, therefore channelizing the idle money into digital mode shall generate income. The Cashless economy is a system where majority of transactions take place by modes […]

Deduction in respect of health insurance premia under Section 80D of Income Tax Act, 1961

December 8, 2020 11505 Views 2 comments Print

Deduction under section 80D of the Income Tax Act, 1961 (‘IT Act’) is available in addition to the deduction of Rs. 1.50 Lakhs available collectively under section 80C, section 80CCC and section 80CCD (1) of IT Act. The individual can claim a tax deduction for the health insurance premium paid for self, parents, children, and spouse. […]

Benefits For Senior Citizens Under Income Tax Act 1961

October 20, 2020 6963 Views 13 comments Print

In our country, great respect has been given to the Senior Citizens in all fields including under the Income Tax Act. In all modes of travelling concessional rates are provided either by Air, Train or Road, separate queue etc. Under the Income Tax Act, benefits are given to Senior Citizen and Very Senior Citizen that […]

Be Careful…while making transactions in cash!!

October 16, 2020 35781 Views 0 comment Print

Krishna, Today is 13th October last day for the promotion of Elections. In the chaos of election, crores of rupees were ceased. During this period Election Commission has laid many restrictions on cash transaction. But what are the provisions of cash transactions under Income Tax Act?

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