Pradhan Mantri Suraksha Bima Yojana – 13 Points to know

Finance Minister Arun Jaitley in Budget 2015-16 announced a low-cost personal accidental cover called Pradhan Mantri Suraksha Bima Yojana to increase the insurance penetration level in the country. 1. What is personal accidental and full disability cover: It is an insurance policy which

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LIC – New Jeevan Anand Policy (Table No. 815)

LIC – NEW JEEVAN ANAND POLICY (TABLE NO. 815)  ज़िंदगी के साथ भी, ज़िंदगी के बाद भी  Key Feature of Policy  Plan: Minimum for 16 Years Age applicability: 18 to 50 Years Installment: Half Yearly, Yearly Sum Insured: 1,00,000 to 20,00,000 Risk Factors:

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Section 80TTA Deduction- Interest on Bank savings deposit

Section 80TTA is  introduced with effect from April 01, 2013 and will apply from AY 2013-14 and onwards. Section is introduced to provide deduction to an individual or a Hindu undivided family in respect of interest received on deposits (not being time deposits) in

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Income Tax Benefits from House Property and Loan

Buying a House is nowadays is not easy considering the multifold hikes in property price in last 10-12 Years. It becomes almost impossible for middle and lower class to buy an house and those buying the house also finds it difficult to buy the

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Sukanya Samriddhi Account deposit eligible for Section 80C Deduction

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 09/2015 INCOME-TAX Dated- 21st January, 2015 In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961),

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Deduction u/s. 80C for tuition / school / education fees

Deduction u/s. 80C for tuition / school fees paid for education of children Who is Eligible: Deduction for tuition fees u/s. 80C of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF. Maximum Child: Deduction under this section is available for tuition fees paid

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Deduction u/s 80GGA

Deduction in respect of certain donations for scientific research or rural development  An assessee (other than an assessee whose gross total income includes income chargeable under the head “Profits and gains of business or professions”) is entitled to deduction in the computation of his

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Deduction U/s 80EE – Deduction of Interest on Loan Taken for residential house property

Deduction in respect of interest on loan taken for residential house property [Section 80EE, applicable from assessment year 2014-15] The provisions of Section 80EE are given below:- The following conditions should be satisfied in order to claim deduction under Section 80EE- The

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