tax deductions

Income Tax Slab for Senior Citizens India: Benefits & Deductions

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Tax benefits for Senior citizens

In India retirement age is above 60 years in many of the statutory and compliance documents. And the people who have crossed this age are called senior citizens under Indian statue. A Senior citizen might not have a great advantage in physical sense due to their growing age. But, under Indian tax regime it’s like … Read more

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