Section 80DDB Income Tax Dedction for Medical Treatment Section 80DDB Income Tax Dedction for Medical Treatment as Amended by Finance act 2022, You aslo need to study Rule 11DD of Income tax rules Sumamry of Section 80DDB Income Tax Act Section 80DDB of the Income Tax Act provides tax deductions to taxpayers for medical expenses… Read More »
Section 80C Deduction List I Income tax year end Tax Saving Section 80C deduction are available as per the Income Tax Act of india . Section 80C provides for various deductions that can be claimed by individuals and Hindu Undivided Families (HUFs) from their gross total income. The maximum deduction allowed under this section is… Read More »
Income Tax Deductions AY 2019-20 (FY 2018-19) [As amended by Finance Act, 2018] Section Nature of deduction Who can claim (1) (2) (3) Against ‘salaries’ 16(ia) Standard Deduction [Rs. 40,000 or the amount of salary, whichever is lower] Individual – Salaried Employee 16(ii) Entertainment allowance [actual or at the rate of 1/5th of salary, whichever… Read More »
Income Tax Deductions : Free Study Material Here is the free study material on Income Tax Deductions under Income Tax Act of India Income Tax Deductions AY 2019-20 (FY 2018-19) Income Tax Benefits of Life Insurance Policy, Health Insurance & Medical Treatment Contribution to wife’s PPF account , Can I Get Income Tax Deduction ?… Read More »