80GG

Claim Tax Benefit for Rent Paid u/s 80GG

Income tax, Investment Plan, Tax Saving, Taxes

Section 80GG - Avail Tax Benefit on Rent Paid

Section 80GG is one of lesser known sections which can be used by taxpayers to lessen their tax burden by claiming tax exemption for rent paid (in case HRA is not part of salary). This section can be used by be either salaried/pensioner or self-employed tax payers. Conditions for Claiming Tax benefit u/s 80GG for Rent […]

Claim Tax Benefit for Rent Paid u/s 80GG Read More »

Budget 2013: Are you eligible for Rs 2000 Tax Rebate under Sec 87A?

Budget 2013, Income tax, Tax Saving, Taxes

The highlight of budget 2013 for common man was the Tax Rebate of Rs 2,000 for people with income of less than Rs 5 lakhs. This has been made possible by inserting a new section 87A in the Income Tax Act of 1961. I posted the Income Tax calculator for FY 2013-14 and received a

Budget 2013: Are you eligible for Rs 2000 Tax Rebate under Sec 87A? Read More »