tax deduction

Tax saving FD – one of the popular tax saving options

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Fixed Deposit is a financial instrument that provides the opportunity to invest your money for a particular period of time and you earn fixed interest over your invested amount. You can open a Fixed Deposit in a bank and enjoy a fixed rate of return based on the type of Fixed deposit and the tenure for … Read more

Claiming LTA,HRA,Home Loans Exemption-New Declaration Form 12BB released

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In a recent amendment,the Income tax department has tightened the procedure for claiming tax exemptions and deductions by the salaried class. It was a common practice of employees to provide fake receipts to the employers for claiming various exemptions like LTA,LTC and HRA etc. But,now CBDT has announced a new standard form 12 BB for the … Read more