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Jul 9, 2024 · Form 12BB: Check out the comprehensive guide on investment declaration with Form 12BB. Know the purpose, sample, how to download, fill, and utilize Form 12BB to minimize your tax liability.
Nov 7, 2024 · Investment declaration is normally done at the start of the financial year. You are asked to declare your tx saving investments for the coming year so your employer can deduct tax from your monthly salary.
Jul 29, 2024 · Form 15G and Form 15H are self-declaration forms that a taxpayer submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit. For this, providing PAN is compulsory.
Jun 5, 2024 · Investment declaration can be done using your HR / Payroll portal. Most companies allow their employees to do investment declarations at the beginning of the year and submit the supporting document at the end using their HR / Payroll portal.
Jun 10, 2024 · Deduction Limits Under Section 80C, 80CCC, 80CCD (1), 80CCE, 80CCD (1B) Sec 80CCC and Sec 80CCD provide deductions for the investments in the pension scheme either by yourself or by way of the employer’s contribution. The maximum deduction under Section 80C, 80CCC and 80CCD (1) put together is Rs 1.5 lakhs.
Jul 31, 2024 · In a salaried individual's compensation package, one crucial element is the House Rent Allowance (HRA). It's a significant benefit provided by employers to cover a portion of an employee's rental expenses for their residence. This article aims to explain the significance and extent of the deduction permissible for HRA.
May 22, 2024 · What is Flexible Benefit Plan? All you need to know about FBP declaration, components in salary, meaning, full form, example, advantages and disadvantages and other details at ClearTax.in.
Jun 6, 2024 · The LRS full form is Liberalised Remittance Scheme. It is a foreign exchange policy initiative introduced by the Reserve Bank of India in 2004. It intended to simplify and streamline the process of remitting funds outside India.
Jul 11, 2024 · Yes, the benefit u/s 80C will be available for payments made towards stamp duty, registration charges on purchase of home. A step-by-step guide on how to claim interest on home loan deduction. Check out the documents needed, calculation of income and claiming u/s 80C.
Apr 4, 2017 · Section 80C offers tax-saving investment options including ELSS funds, which provide higher returns than FDs, with a 3-year lock-in period. Other options include PPF, EPF, NPS, NSC, ULIP, and Sukanya Samriddhi Yojana. Tax-saving FDs come with a 5-year lock-in, interest is taxable. Investment and deductions under section 80C are detailed.
