Simplified Laws Guide to Taxation and Legal Concern

Introduction: Section 80C of the Income Tax Act allows certain investments in many small savings like NSC, PPF, Pension plans and certain expenditure like payment of tuition fees, life insurance premiums, and payment of principal amount of home loan to be tax exempt. The aggregate amount of deduction permissible under …

Your health first! Introduction “Sharira Madhyam Khalu Dharma Sadhanam” (Physical body is the medium for the righteous action) This is one of the quotes taken from the Vedic text which elucidates that only if One’s Health is Sound, he/she can engage in their respective work efficiently. In general predictions about …

Introduction Your education loan can lower you tax payouts. Yes, an individual Tax payer who has taken an Educational Loan, can claim deduction under section 80E of the Income Tax Act towards the interest amounts paid. Extract from the Act “80E. Deduction in respect of interest on loan taken for higher …