If you are an employee or a taxpayer professional or businessman you may have heard already about deduction under Section 80C under the Income Tax Act. But still, by investing where you can be eligible for this tax deduction, up to what extent of investment it is applicable, who can invest in what type of tax saving instruments and the varying time period of these investments, people should...
PPF is one of the most popular tax saving as well as investment instruments as it comes with EEE tax framework. Additionally, PPF comes with so many features that it is difficult to resist. This article will focus on everything related to PPF. What is PPF? PPF refers to Public Provident Fund. This is a unique investment instrument that comes with long term time horizon. It is best...
Tax free Income!!! Surprised??? Well, don’t be!!!! The Income Tax act also allows some incomes to be exempted, which will reduce your tax burden to a certain extent. This article will elaborate more on such tax free income, so that to aid your tax planning. 1. Agricultural Income Being primarily an agricultural economy, India still survives on agriculture. Income Tax Act, hence has...
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