income tax | 100Utils

Income Tax Allowances and Deductions

Posted By: Krish Johnsonon: March 19, 2020In: Do You Know ?, Money MantraNo Comments

Salaried employees form the major chunk of the overall taxpayers in the country and the contribution they make to the tax collection is quite significant. Income tax deductions offer a gamut... Read more

Income Tax Deductions Under Section 80C, 80CCC, 80CCD & 80D

Posted By: Krish Johnsonon: March 19, 2020In: Do You Know ?, Money Mantra1 Comment

Deductions allowed under the income tax act help you reduce your taxable income. You can avail the deductions only if you have made tax-saving investments or incurred eligible expenses. Ther... Read more