80TTA

Income Tax Deductions Under Chapter VI A of The Income Tax Act

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Following are the Income Tax Deductions Under Chapter VI A of The Income Tax Act :- U/s 80C – Contribution towards PPF,Voluntary PF, Life Insurance premiums, Tuition fee, Sukanya Samriddhi Scheme, Home loan Principal Repayment, ELSS, NSC,Tax saving FDs,Infrastructure Bonds etc. For further details on Sec 80 C refer Tax Deduction U/s 80 C – What are Eligible Investments … Read more

Deduction Section 80TTA -Interest on Savings Bank Account

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Tax Deduction Under Section 80TTA

Through this blog, we shall discuss a small but very important part of your tax savings. We are talking about Income Tax deduction under Section 80TTA of The Income Tax Act. When you deposit money in a Savings Bank account, you earn a fixed rate of interest on the balance in your Savings account. Right! Now, … Read more