Guides on Tax Deductions
Deduction under section 80C of the Income Tax Act allows you to save taxes by making investments in several investment avenues. Learn in this guide by H&R Block to understand who is eligible to invest u/s 80c and what is the maximum limit to invest.
Section 80U of Income Tax Act offers deductions to individuals & their family members with disabilities. Check eligibility and deduction limit under this guide by H&R Block India.
Section 80G of Income Tax Act offers tax deductions on donations made for charity. To know about deduction structure, prescribed funds & institutions, click here.
Section 80CCD offers deductions under Chapter VI-A for contribution to National Pension Scheme & Atal Pension Yojana. Click to read this guide by H&R Block.
Section 80TTA of Income Tax Act offers deductions on interest income earned from savings bank deposit. Check eligibility and deduction limit under this section.
Section 80DDB of Income Tax Act offers deductions for specified diseases. Check eligibility and deduction limit in this guide by H&R Block.
Do you know that certain tax deductions are allowed on expenses when they are actually paid as per the provisions of section 43B of the Income Tax Act? Read this comprehensive guide to know about all such expenses and relevant tax deductions.
Know about the deduction for interest paid on education loan u/s 80E with H&R Block. Check eligible candidates, qualifying loan, deduction amount & period here.
The dearness allowance is the cost of living adjustment paid by the government to the employees of the public-sector units. It is calculated as a percentage of the basic salary. In this comprehensive guide by H&R Block India, dearness allowance has been explained.
A rental agreement is not only important for between landlord and tenant but it is also useful for availing of HRA exemptions from the employer. Read this guide by H&R Block India to know more about rental agreements.
Infrastructure build assets for the country and makes it important for the government to prioritise the same. Section 80IA looks for the deductions and tax holiday to industrial undertakings and infrastructure development. Know more under this guide of H&R Block, India.
Learn who can avail tax rebate u/s 87a of Income Tax Act. In this guide by H&R Block we discuss about the eligibility criteria for claiming rebate under section 87a for AY 2018-19 and AY 2019-20. Click here to read the guide now!
Section 40A(2) empowers AO to disallow payments made by the assessee to relatives/ close associate. In this comprehensive guide by H&R Block, the list of specified person and the substantial interest has been discussed.
Introduction of Section 50C, Section 56 (2) (vii), a detailed analysis of its sections, provisions and taxability. Learn more about Capital Gains on sale of immovable property in this detailed guide by H&R Block India.
Section 57 of Income Tax Act, 1961 includes deductions from Income from Other Sources. Learn how to claim these deductions In this guide by H&R Block.
Section 35D of Income Tax Act provides for Amortisation of preliminary expenses. In this comprehensive guide by H&R Block India, the deduction calculation and other aspects of section 35D have been explained.
One of the best ways to reduce your tax liability and save your taxes is to utilize the home loan tax benefit. Read this guide and learn about all the tax benefits you can avail of with your home loan.
Section 80C to Section 80U guide by H&R Block covers all details that you need to know about deductions that can be claimed while filing your Income Tax Returns.
Dividend income received from a domestic company is exempt under section 10(34). Read more about it in this comprehensive guide by H&R Block, India.
Tax deductions can be claimed for a lot of business expenses while filing your Income Tax Returns. In this guide by H&R Block India, all the business expenses are listed down for which you can claim deductions and minimise your tax liabilities.
Capital gains is one of the five heads of income defined under the Income Tax Act, 1961. This guide by H&R Block India helps you understand capital gain, its types and their taxability.
Tax deduction on tuition fees u/s 80c help you to save tax. Know the conditions to qualify for this deduction by reading this comprehensive guide by H&R Block.
Section 80GGC of Income Tax Act offers tax exemption to individuals who has made donations to political parties. Check eligibility and deduction limit here.
Section 80GGA offers tax deductions on donations made for scientific research & rural development institutions. Read more in this guide by H&R Block India.
Section 80DD of Income Tax Act offers tax deductions on medical expenses of disabled individuals. Check eligibility and deduction limit under this guide by H&R Block.
Claim tax deductions u/s 80D if you have incurred expenses towards medical insurance. Read more about section 80D deductions this guide by H&R Block.
Section 80CCC of the Income Tax Act 1961 provides tax deductions for contribution to certain pension funds. Know more about section 80CCC with H&R Block.