Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 18, 2011
An investment upto a maximum of Rs.20000 in infrastructure bonds would be deductible from your taxable income. This deduction will be ove...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 18, 2011
Under the provision of Income Tax Act, a resident individual can claim deduction under section 80DDB for actual payment towards the medic...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 17, 2011
Under the provisions of section 80E of the Income Tax Act, 1961, an individual can claim deduction from total income, arrived at for comp...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 17, 2011
Investment options under section 80C offer excellent scope for efficient tax planning and lowering your total taxes. You can avail deduc...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 17, 2011
Investing in a house is considered as one of the best tax-planning tools due to various tax-benefits and concessions provided under ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 16, 2011
Provident Fund, popularly known as PPF, is an excellent long-term investment cum tax saving instrument. Investment in PPF provides three ...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 15, 2011
Individuals can look to secure their lives post retirement with investment in pension plan under section 80CCC and also reduce their tota...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 15, 2011
Get your self a medical insurance and in return reduce your income tax liability. Various general insurance companies have come up with w...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 14, 2011
14th January 2011 – Individuals have this perception that their tax planning will be well taken care of by their employers or HR de...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 14, 2011
14th January 2011 Commonly known to most of the individual tax payers: Salaried individuals: Pay rent > Receive House Rent Allowance (...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 13, 2011
13th January 2011 – Gratuity refers to the lump sum receipt received from employer at the time of retirement, termination of servic...
Direct Taxes (including International Taxation) | By ALOK PATNIA | Jan 13, 2011
Leave travel concession or LTC as commonly referred, is an excellent tax saving tool in the hands of salaried Individuals. With LTC you c...