Section 80c News
Bank FD, PPF, NSC, KVP, Sukanya Samriddhi Yojana : How is interest income taxed?
Those who fall under the highest tax bracket should pay special attention to taxation while investing
2 min read11 Oct 202010 days left to make tax-saving investments for FY 2019-20
The Government extended the deadline for tax saving investments due to the outbreak of Covid19 across nation
1 min read21 Jul 2020Govt notifies NPS tier-II tax deduction for central govt employees
The central government employees have to contribute a minimum of ₹1,000 per year to the NPS tier-II account in the first year and ₹250 in the subsequent two years.
2 min read8 Jul 2020ITR forms for AY21: CBDT introduces separate table for investments in April-June
The new forms require a separate table to disclose tax-saving investment made in Q12020 for availing them in FY20.The newly notified forms also ask for details such as high spendings and deposits made by the taxpayers.
2 min read31 May 2020PPF or ELSS? Making the choice between the two tax saving products
In case of ELSS, investments made up to ₹1.5 lakh are tax freePPF provides a guaranteed return and falls under the exempt-exempt and exempt tax, or EEE, regime
3 min read25 Feb 2020Tax relief—or is it?
To avail of lower tax, one will have to give up exemptionsBenefit of new regime will vary from individual-to-individual
1 min read1 Feb 2020Five instruments to save tax under Section 80C investments
An individual can reduce his tax burden by investing under various instruments and get benefits of up to Rs1.5 lakh under Section 80C of the Income-tax Act.
10 Jan 2020Interest earned from corp bonds is taxable, irrespective of residential status
Tax would be deducted at source by the payer or the company whose bonds you hold, according to lawInterest income from corporate bonds is taxable in India, irrespective of the residential status of the income earner
2 min read2 Sep 2019Only the interest that you earn from a fixed deposit is taxable in your hands
You can also claim a tax deduction from taxable income under Section 80C in the year of investmentA gift received by an individual from specified relative will not be considered as income
2 min read7 Jun 2019At age 26, tax-saving MFs can be a major part of 80C investments
Make sure the tax-saving investment is required for your purposesContinue to retain your bluechip fund investment
1 min read29 May 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared