Tax Deductions Archives | H&R Block | Blog

Tax Deductions

March 17, 2017

15 Ways to Save Tax Legally!!!

Do you feel that you are paying too much tax? Have you ever thought of saving tax? Whether you are a veteran taxpayer or a first timer, tax planning is important for both of you. Planning your taxes properly can help you save a lot […]
March 17, 2017
Section 80GG - Save Tax on Rent Paid

Section 80GG – Save Tax on Rent Paid

Buying a house is a daunting task for salaried people in India as it requires huge investment. Even though several banks offer home loans, getting a home loan isn’t easy. If one manages to avail the loan facility, paying hefty instalments for several years is […]
November 9, 2016
Save Tax with Personal Loan

How to Get Tax Deduction on Personal Loan?

Loans help us in achieving such goals in life which face financial hiccups. Even then, they are ultimately a financial burden for us. Government understands the strain these loans put on us and therefore it offers monetary relief in the form of tax deductions. Several […]
October 13, 2016
national saving scheme

Tax Benefits Linked National Saving Certificate (NSC)

National Savings Certificate or NSC is a popular investment tool among government driven small savings schemes. It is also one of the lucrative investment options for availing income tax deductions u/s 80C. There are multiple benefits of making investment in NSC. Let’s have a look […]
June 10, 2015

H&R Block – Section 80U or Section 80DD: New Tax Exemption Limits for Disabled and Their Family

  Tax leeway available for disabled and their family If you have been tending to the needs of a disabled in an era where costs are on a spiral and looking for some support, the taxman offers a shoulder. There are tax benefits which come […]
May 9, 2015

H&R Block – Tax Benefits on Education Loan (Section 80E) and Home Loan (Section 24) Interests

Have you been looking to ease the tax burden, especially when a wholesome pie of your salary is eaten by loan equated monthly installments? There is some relief on taxes offered by limitless deduction available on select loan interests paid by you. Yes, you read […]
May 8, 2015

H&R Block – Tax Implications of Investing in Mutual Funds

  Though many consider tax benefits while investing in a scheme for Section 80C gains, they forget to assess the taxability of the gains upon redemption or withdrawal. There are various mutual fund schemes available and they invest across asset classes such as equity (stocks), […]
April 22, 2015
Tax savings using donations

H&R Block – Your donations can help you bag tax benefits too

    Though social well-being and supporting people in need aren’t initiatives we make in lure to earn tax benefits,the finance minister has decided to throw the bait of tax benefits to woo funds for cleaning the country, river Ganga and curb drug abuse. Though […]
April 17, 2015

H&R Block – Insure your way to healthy tax gain

  Wish to have your cake and eat it too, then health insurance is the way to go. The health cover not just offers protection when unforeseen hospitalization strikes, but also offers tax benefits upto Rs 55,000. Let us understand how this booty can be […]
December 5, 2014

How you can Benefit From Mutual Fund Tax Rules?

The taxation of mutual funds other than equity funds have undergone a major change in taxation that has been brought about by the Budget 2014. As per the Finance Bill, that has just been given a green signal, non-equity mutual funds would be taxed at […]