Section 80E
Tips to save Income tax for Salaried Person
Income Tax - Often, investment for most individuals begins and ends with tax planning. Although it is pertinent to avail tax breaks, this should not be the sole focus. Start by jotting down your key financial objectives, the tentative time of money requirement and the corpus needed to achieve those goals....
Read MoreSection 80E -Tax Concession on Education Loan
Income Tax - Section 80E of the Income Tax Act, 1961 provides for a deduction to an assessee (being an individual), out of his income chargeable to tax, on account of any amount paid by him in the previous year by way of interest on loan taken by him from any financial institution or any approved charitable institution for the purpose of pursing his h...
Read MoreDeduction we use to forget while computing taxable income
Income Tax - Deduction for Medical treatment of dependent :- Under Section 80DD of the Act, where an individual has incurred expenditure for the medical treatment, training and rehabilitation of a dependent, being a person with disability or has paid or deposited any amount under prescribed scheme for the maintenance of dependent, such individual will...
Read MorePersonal Loan Benefits for Education to Individuals in 30% Tax Bracket
Income Tax - Pursuing higher education is a dream for many. Many people wish to pursue their further education through a masters or a doctorate program. Some may choose to study within the country, while some may enroll at a university outside the country....
Read MoreSection 80E- Education Loan– The Mantra to Save Tax
Income Tax - The deduction under section 80E is available to an individual if following conditions are satisfied: 1. Deduction available only to Individual not to HUF or other type of Assessee. 2. Deduction amount: – The amount of interest paid is eligible for deduction and moreover there is no cap on the amount to be deducted. You can deduct the en...
Read MoreNotification No. 79/2010-Income Tax Dated 13/10/2010
Notification No. 79/2010-Income Tax - (13/10/2010) - Notification No. 79/2010-Income Tax Section 80E of the Income-tax Act, 1961- Deduction - In respect of interest on loan taken for higher education - Financial institution notified for purpose of section 80E(3)(b)...
Read MoreRecent Posts in "Section 80E"
Tips to save Income tax for Salaried Person
Section 80E -Tax Concession on Education Loan
Deduction we use to forget while computing taxable income
Personal Loan Benefits for Education to Individuals in 30% Tax Bracket
Section 80E- Education Loan– The Mantra to Save Tax
Deduction on children’s education u/s. 80C & 80E
Section 80E Deduction for Interest on education Loan
10 lesser known Income Tax Deductions
Tax Planning under section 80C and Section 80E
How to Save Income Tax
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